My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Young contrarian people create the most interesting opportunities
Evidence
Stories of young entrepreneurs building unexpected successful businesses in unconventional ways
Implication
Seek out and work with young people who think differently rather than traditional high achievers
Counter Belief
Experience and traditional credentials predict success better than youth and contrarian thinking
Example Application
Hiring Target employee who tweets crypto analysis in bathroom breaks rather than MBA graduate with perfect resume
Related Knowledge
Higher Success Probability with Own Business
The probability of making money starting your own business with 50-100K is higher than angel investing the same amount
Capital + Distribution Framework
A business building approach where you leverage existing capital and distribution channels to launch multiple products/services rather than operating them directly.
Transition from advertising revenue to owning the products you promote
Higher revenue per audience member, better margins, and more sustainable business model
you're much more likely to be able to take fifty a hundred thousand dollars start a business and get
Starting your own business has higher success probability than angel investing
historically you built a company by building the product and then going and looking for customers no
The internet enables audience-first business building instead of product-first approaches
For early-stage investing, personal investment often beats fund management economically
Fund carry structure and management fees reduce returns compared to direct personal investment, plus you eliminate LP ma