Saved by Mo Shafieeha
Thinking About Thinking
Whenever you shift from the substance of a business to the financial question of whether or not it fits into a diversified hedging strategy, venture investing starts to look a lot like buying lottery tickets. And once you think that you’re playing the lottery, you’ve already psychologically prepared yourself to lose.
Peter Thiel, Blake Masters • Zero to One
1. Market Size If you target a small market, you can probably build a niche business. However, you won't be able to raise money from investors. Therefore, you need to raise small amounts of money, keep your costs extremely low, and become cashflow positive as soon as possible.
Mark Suster • How to Decrease the Odds That Your Startup Fails
Thiel reinforced an idea we encountered earlier in the chapter: that the importance of the pitch itself is normally exaggerated in the ability of founders to raise funding from investors.
Ali Tamaseb • Super Founders: What Data Reveals About Billion-Dollar Startups
