Super Upside Factor Asymmetric Principles that Will 10X Your Life
Produktdetaljer
Biografisk notat
DANIEL SHIN UN KANG is a start-up founder who raised millions from investors including Y-Combinator. Previously, he was on the other side of the table as a venture capitalist at SoftBank Vision Fund, investing in tech companies and formally advising on boards. He studied finance at McGill University and policy at the University of Oxford.
A practical playbook to maximize luck in life and career
Venture capitalists manage to raise and invest trillions of dollars despite being wrong most of time through asymmetric bets – where a few big wins outsize losses by factors of 1,000x.
In The Super Upside Factor, Daniel Kang draws on his experience as a venture capitalist at Softbank Vision Fund and a Y Combinator-backed founder to adapt asymmetric principles for personal and professional life. He offers a clear framework for maximizing luck and generating outsized returns—what he calls Super Upsides. Through vivid, real-life experiments, Kang demonstrates how he put these principles into practice—from securing a book deal writing just 15 minutes a day; to recovering from a spiralling plane as a pilot; to raising millions by betting on pivotal career shift.
This book draws upon the author’s firsthand experience going from no money, network, or looks to a highly successful career in entrepreneurship and venture capitalism. In this book, readers will find discussion on:
- Core concepts like the multiplier effect and black swans
- Probabilities, biases, and luck, and how to make them work for you, not against you
- Tools and first steps to create a “life portfolio” of uncapped upsides and unlimited opportunity
Backed by decision science research and personal experimentations, the book strikes a balance between theory and practical advice, guiding readers to identify and optimize skewed life bets. Beyond the tactical elements, Kang explores the human side of applying these principles, including discussions on mental health, emotional struggles, and even tactically quitting.
The Super Upside Factor will inspire readers—even the most risk averse—to realize they are only a few Super Upsides away from extraordinary success and provide precise asymmetric principles needed to stack the odds in their favor.
Part I Asymmetric Principles 1
Chapter 1 The Few Right Things 3
Chapter 2 Defining Asymmetric Principles 11
Chapter 3 Dogfooding in Public 27
Chapter 4 Staying Alive 49
Part II the Practical Guide 63
Chapter 5 Choosing the Right Games to Play 65
Chapter 6 Everything Is a Hypothesis 79
Chapter 7 Scaling with Momentum and Leverage 107
Chapter 8 Thinking in Portfolios 129
Part III When Rubber Meets the Road 153
Chapter 9 Avoiding the Single Point of Failure 155
Chapter 10 How to Quit 169
Chapter 11 The Super Upside Hypothesis 187
Notes 197
Acknowledgments 213
About the Author 217
Index 219
Praise for THE SUPER UPSIDE FACTOR
“The Super Upside Factor unlocks the power of decision science and human systems, revealing practical strategies to leverage luck, embrace asymmetric opportunities, and achieve extraordinary returns in both life and career.”
—NIR EYAL, Author of Hooked: How to Build Habit-Forming Products
“Daniel applies basic statistical principles and lessons learnt from his venture capital experience to deliver a compelling blueprint for achieving outsized success in an unpredictable world.”
—ALOK SAMA, Former President and CFO of SoftBank Group International and Author of The Money Trap
“I often tell my mentees or students, ‘Why not try?’ when they seek advice, encouraging them to consider that the upside could be significantly greater, while the downside might not be as risky as they imagine. Daniel has eloquently explained this approach in his book, which I recommend for students and young professionals.”
—JIHOON RIM, Professor at NYU Stern and former CEO and Board Director of Kakao Corp
“An intriguing and well-written case for applying risk-taking frameworks from venture investing to life decisions. If you find yourself hobbled by risk aversion, this book can provoke a thoughtful re-examination of the options.”
—KARTHIK RAMANNA, Oxford Professor and Author of The Age of Outrage: How to Lead in a Polarized World
“In The Super Upside Factor, Daniel masterfully shows how to generate outsized rewards while protecting the downside. His principles of asymmetry are a must-read for anyone seeking to 10x their career and life without unnecessary risk.”
—BRIAN LIU, Founder and former CEO and Chairman of LegalZoom
Most people will never have a “big break” in their lives because they’ve structurally positioned themselves to never benefit from asymmetric outcomes — outcomes that occur when the potential upside (earning potential or return) is so much larger than the downside. The Super Upside Factor:Asymmetric Principles that Will 10X Your Life delivers a framework typically used by venture capitalist investors and founders to evaluate asymmetric outcomes and then apply those principles to making career decisions.
This book provides concrete guidance to career-driven professionals at inflection points: life’s “what now?” or “fork-in-the-road” moments when individuals must decide where to go, what to do next, and who to become. By following the author’s framework, readers will be able to create a “life portfolio” of uncapped upsides in their lives.
This book is unique in that it provides a clear bridge between insights and practical steps for readers to take to build their careers. For example, understanding the concepts of leverage (multiplier effect), black swans, and asymmetries is one thing, but having practical steps to apply them into career decision-making is another. Daniel Shin Un Kang draws from his personal experience applying these and other concepts in his life, going from no money, network, or looks, to a leader in some of the most prominent industries, including strategy consulting (BCG, Oliver Wyman), venture capital (Softbank Vision Fund), and start-ups (Y-Combinator backed).
Life isn’t fair — it’s time to start creating unfair systems that work in your favor. The Super Upside Factor: Asymmetric Principles that Will 10X Your Life earns a well-deserved spot on the bookshelves of all professionals seeking new perspective to find standout success in any career path by putting themselves in the path of events with nearly unlimited upside and limited downside. It only takes 2 or 3 of these to pop to start seeing truly extraordinary results.
Produktdetaljer
Biografisk notat
DANIEL SHIN UN KANG is a start-up founder who raised millions from investors including Y-Combinator. Previously, he was on the other side of the table as a venture capitalist at SoftBank Vision Fund, investing in tech companies and formally advising on boards. He studied finance at McGill University and policy at the University of Oxford.