My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Having an enemy (real or imagined) is essential for startup motivation and focus
Evidence
Both Morning Brew and The Hustle used each other as competitive motivation, driving obsessive improvement and market focus
Implication
Founders should identify or create competitive threats to maintain urgency and drive performance
Counter Belief
Competition should be healthy and focused on customer value rather than beating specific competitors
Example Application
Using competitor analysis to set daily content standards and drive team performance through competitive benchmarking
Related Knowledge
Standard Setting Through Allowance
The quality standard of any business becomes whatever level of work the leadership allows to pass without correction or
IQ Arbitrage Strategy
Moving talented people from highly competitive, intellectually demanding industries into underoptimized industries where
Content-First Newsletter Economics
Building newsletter businesses by obsessing over content quality first, then layering on growth and monetization rather
Launch and scale a newsletter to 7-figure revenue
100K+ engaged subscribers generating $18+ annual revenue per subscriber through advertising and products
You're totally right, but you can be right and not be an asshole
Being factually correct doesn't justify poor communication or relationship management
The news business will see massive disruption opportunities despite historically poor economics due
General distrust of traditional news creates openings for upstart news organizations to capture audience and advertiser