These principles have been modeled from others, integrated with our own experiences, and reshaped in such a way that our business grows and adapts over time.
1. We embrace reality and deal with it.
2. We aim to be radically open-minded.
We seek to recognize our two barriers. We actively try to uncover our own blind spots. We regularly practice radical open-mindedness. We sincerely believe that we probably do not know the best possible path and recognize that our ability to deal well with “not knowing” is more important than whatever it is we do know. We recognize that to gain the perspective that comes from seeing things through another’s eyes, we must suspend judgment for a time—only by empathizing can we properly evaluate another point of view. We remember that we’re looking for the best answer, not simply the best answer that we can come up with ourselves. We do everything in our power to help others also be open-minded. We meditate. We try to recognize the signs of closed-mindedness and open-mindedness in ourselves and in others. We try to understand how we can become more open-minded.
3. Appreciate the art of thoughtful disagreement. Tough love is effective for achieving both great work and great relationships.
We triangulate our view with believable people who are willing to disagree. We plan for the worst-case scenario to make it as good as possible. We regularly use pain as our guide toward quality reflection. If a number of different believable people say we are doing something wrong and we are the only ones who don’t see it that way, we assume that we are probably biased. We try to be evidence-based and encourage others to be the same. We use evidence-based decision-making tools when making decisions or making an argument. We aim to know when it’s best to stop fighting and have faith in our decision-making process
4. Constant evolution and change.
We know that, when making decisions, individuals’ incentives must be aligned with the group’s goals. Reality is optimizing for the whole—not for us. Adaptation through rapid trial and error is invaluable. What we will be in the future will depend on the perspective we have in the present.
5. Take complete responsibility for the outcomes: extreme ownership.
6. We weigh second- and third-order consequences.
7. We understand that people are wired very differently.
We understand that power that comes from knowing how we and others are wired. We are born with attributes that can both help us and hurt us, depending on their application. Meaningful work and meaningful relationships aren’t just nice things we choose for ourselves—they are genetically programmed into us.
8. We play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
9. We pick business partners with high intelligence, energy, and, above all, integrity.
10. We embrace accountability, and take smart risks under our own names.
11. We do the work.
Our central finding across two decades of combined empirical SEO work is that certain factors meaningfully contribute to long-term success. Our investment model is the result of countless failures, mistakes, dead ends, reflection, learning and growth.
We use this common framework striving to build website portfolios with significant SEO factor advantages. We tailor this general model for different niches, geographic, and size segments of the market to succeed with each website business.
Simply put, we:
- Gather data on companies using a mixture of conversations and third party tools.
- Turn that data into specific models which can be used to evaluate a particular website or niche, and
- Use that model to built a portfolio with the highest SEO ranking factor profiles, while also managing risk exposures and implementation costs.
The process is purely systematic, specific to the Next Ventures business model and team, and is regularly updated as new data is acquired.