My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“AI moves too fast dude”
What It Means
Artificial intelligence technology is advancing so rapidly that today's AI businesses may be obsolete within months
Why It Matters
Suggests AI businesses should be built for quick exits rather than long-term value creation
When It's True
When AI capabilities are advancing faster than businesses can build defensive moats
When It's Risky
If specialized AI tools can build sustainable competitive advantages through data, distribution, or workflows
How to Apply
Focus on businesses you can own and exit quickly
Avoid long-term investments in AI startups
Build AI businesses with clear exit strategies
Example Scenario
“Jenny AI is a great business to own and potentially sell for millions, but risky to hold long-term as ChatGPT could add similar features”
Related Knowledge
Zoom-In Pivot Framework
A strategic pivot where you narrow focus from a broad, mediocre product for everyone to an excellent product for a specific niche that already shows traction within your existing user base.
Influence the Influencers Strategy
A customer acquisition strategy focused on winning over community leaders and moderators first, who then authentically promote your product to their communities.
Acquire first 100 customers through authentic community engagement
100+ paying customers acquired organically with strong retention, community leaders actively recommending your product
Market Selection Over Execution Excellence
The idea that picking the right market with good timing matters more than having the best product or execution
Success is the sum of your attempts
Don't view failed attempts as wasted time - they're building blocks for future success
Success is the sum of your attempts
Failed attempts aren't wasted effort - they're building blocks that contribute to eventual success