Weekly Roundup: DAOs, FOMO & MBA and Masters Bootcamp
What we learned together on Network Capital this week
Dear community members,
Given below is a quick overview of the week gone by on Network Capital. You can get access to all our offerings once you subscribe.
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💡Idea for the week: Thinking about FOMO
Over the last three years thousands of Network Capital subscribers have made it to the top schools around the world - INSEAD, Stanford, Wharton, Harvard, Oxford, Cambridge, Yale, Columbia, Science Po and so on.
Through our MBA & Masters Bootcamp we help our subscribers craft their unique application and showcase their ‘Category of One’. As a part of this bootcamp we will be covering all aspects of the application process and host alums of these top schools to talk about their experience and application process.
This bootcamp includes -
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3+ hours of live sessions with alums of top schools
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Start Feb 19, 2022!
Surprising a large part of modern decision-making is driven by FOMO. In the Network Capital session with India's youngest billionaire Nikhil Kamath, we went deeper into the idea of FOMO to discuss Rene Girard's Mimetic Theory.
If you are trying to do something improbable or be a contrarian, chances are that someone somewhere will find a way to rock your boat by floating a rumor or putting you in the midst of a controversy. Chances are that at some point in your life someone, envious of your vision, will try play status games with you. Specifically they will try to enhance their status at your cost. If you get flustered or become defensive, you would have played into what they want. You would end up spending your time trying to prove that you are beyond reproach. Basically you would be distracted away from your core mission and it would cost you.
DAOs are likely to popularize unbundling of work and enable people to do what they enjoy doing and create a livelihood along the way. They will make work flexible, fluid and fun by creating an open architecture for employment where anyone with willingness to contribute can make a living. It goes without saying that willingness to contribute will need to be complemented by development of skills and expertise over a period of time.
The switching costs between jobs will reduce and people will find new opportunities based on reputation and proof of work
PS. If you want to join our crypto subgroups, let us know!
Daniel Pink has a new book coming out. It is titled “The Power of Regret” and makes 2 big points.
Everybody has regrets. They're part of the human condition.
If we treat our regrets properly, they are a powerful force for improving our decisions, boosting our performance, and deepening our sense of meaning.
Regret and happiness usually don’t go hand in hand. A life filled with regrets is usually not a happy life.
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✍🏼 Read our founder Utkarsh Amitabh’s Harvard Business Review articles here Building Your Category of One, Should You Choose Passion Over Paycheck, How to Make Envy Work for You?, and The Right Way to Make a Big Career Transition
💞 Read our founder Utkarsh Amitabh’s book Seductive Illusion of Hard Work. The foreword written by Klaus Schwab, the founder of World Economic Forum.