My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Most products in the world are mediocre and this mediocrity offends truly great entrepreneurs
Evidence
Successful founders consistently talk about being disgusted by poor quality products in their industries before starting companies.
Implication
Product quality obsession isn't just about customer satisfaction but about personal values and standards.
Counter Belief
Markets efficiently price products and mediocre products exist because they meet customer needs at acceptable prices.
Example Application
Entrepreneur enters industry not for market opportunity but because existing products fail to meet their personal quality standards.
Related Knowledge
Family Heirloom Business Model
Viewing your business as a family heirloom to be passed down through generations rather than an asset to be optimized for sale.
Go Slow Now to Go Fast Later
Deliberately limiting initial growth to deeply learn fundamentals, enabling exponentially faster growth later when you apply accumulated knowledge.
Anti-Business Billionaire Framework
A framework identifying five core traits of entrepreneurs who build massive companies by being contrarian to typical business advice: high disagreeableness, extreme self-confidence, product obsession, total control retention, and refusal to sell at any price.
Edisonian Principle of Design
A product development approach focused on rapid experimentation, immediate feedback, and constant iteration rather than master planning.
Maintain freedom to work on what you love while building a successful business
Ability to work exclusively on projects you're passionate about, declining lucrative distractions, and having money follow from doing what you love rather than chasing money directly.
Fuck you. This is a family heirloom.
Dyson's response to acquisition offers, treating his company as something to pass to future generations rather than sell for profit.