What’s an easier path to wealth? PATH 1: VENTURE STARTUP - 95% chance of $0 - Tiny personal income while building startup until IPO/scale - Massive dilution (most founders end up owning 5-15%). $1BN market cap = $50-$150MM for founder. OR...
Channel the worldview of @shl I organized and distilled his last 3,000 tweets into a summary of his big ideas, in two parts… Part 1⃣: Business, Learning, and Life Philosophy
Following Charlie Munger's advice to always invert, here are 10 things not to do as a CEO: - Run out of money - Fail to learn / grow - Lose your team / break the culture - Not understand capital allocation - Believe you are the sole reason for your company's success /1
2 areas of an SMB's 'operating system' that I've been thinking about recently: 1) How to incorporate 'no code' solutions like Zapier, Notion, Airtable, etc into a company's workflows 2) How to assess what tasks can be moved offshore Few SMBs I know are doing even 1 of these /1
Simple business lessons from a 14-hour road trip: 1) We spend too much time thinking about the last few turns and not enough deciding which interstate to use. Sweat the big stuff. 2) Small changes in speed make a big difference over long periods of time. Can you go 5% faster?
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