52 Tiny Venture Lessons
The path from 0 to 1 might start with asking and answering three questions. First, what is valuable? Second, what can I do? And third, what is nobody else doing?
The questions themselves are straightforward. Question one illustrates the difference between business and academia; in academia, the number one sin is plagiarism, not triviality. So much o... See more
The questions themselves are straightforward. Question one illustrates the difference between business and academia; in academia, the number one sin is plagiarism, not triviality. So much o... See more
Peter Thiel • Peter Thiel’s CS183: Startup - Class 1 Notes Essay
Here’s a little framework for finding your asymmetric startup idea:
- Identify industry sacred cows. What if you completely eliminated what everyone considers essential? Robinhood removed account minimums. Casper eliminated showrooms. Zapier removed IT departments.
- Find the hidden cost center. What painful activity do businesses accept as unavoidable
One thing!
What is the most important thing to do for younger people starting out?
Tim Ferriss • The Almanack of Naval Ravikant: A Guide to Wealth and Happiness
For early-stage investing, I believe that the small flat partnership is the best structure if the goal is to produce high return on capital funds. Here are some reasons why this model is superior for early-stage investing:- At the early stage, investors must bet on teams and ideas that have not been proven. The biggest winners almost always come fr... See more
Fred Wilson • The Partnership - AVC
But life is not a portfolio: not for a startup founder, and not for any individual. An entrepreneur cannot “diversify” herself: you cannot run dozens of companies at the same time and then hope that one of them works out well. Less obvious but just as important, an individual cannot diversify his own life by keeping dozens of equally possible caree
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