My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Adventurous path choices compound in unexpected ways
Evidence
Meeting German auction expert on train led to $500M domain business; Uber arbitrage bonding led to 100x investment return
Implication
Should say yes to unusual opportunities even without clear ROI
Counter Belief
Focus and specialization create more reliable success than random exploration
Example Application
Accepting speaking invitation in random country leads to unexpected business opportunity
Related Knowledge
Good Agent vs Bad Agent Decision Rule
Quickly assess whether a customer service representative can actually help you, and hang up immediately if they can't
Dot Collector Framework
A life approach where you say yes to diverse experiences and opportunities, trusting they will connect meaningfully late
Zero-to-One vs One-to-Hundred Operator Framework
Classification of entrepreneurs as either idea generators who start things (0-1) or operators who scale things (1-100)
Cheaply access large college audiences when Facebook was campus-only
Access to 30-40k student audiences for $10/day advertising spend
Get large institutions to bend standard rules through strategic communication
Institution agrees to exception that normally wouldn't be granted
your job is to be a DOT collector
Actively seek diverse experiences and connections without knowing their future utility