Startup

You don't find yourself through planning, you find yourself through acting. The path is found in the action.

Act and adapt, don't think and plan.

An Open Letter to My Lost Younger Self

Problems are just opportunities in work clothes - Henry Kaiser

The road to success is paved with mistakes and problems well handled

Here are some tips to keep your startup lean:

Focus on unit economics from day one. Understand your costs and revenue at a granular level.

Wait to hit certain revenue milestones before hiring additional teammates.

Explore alternative funding sources like revenue-based financing, crowdfunding, or bank loans.

If you do need to raise VC money, approach it

the best way to avoid getting over-diluted

2. If your product isn't stellar (or striving to be), nothing else matters.

The days of scaling B2B SaaS and having a product that is fine, passable, or otherwise are over.

Andrew Carnegie - Always know every dollar coming in and going out of your business to get ahead. Always invest in technology where your competitors aren’t. Be delighted to learn. Successful older generations love mentoring younger generations.

Innovators Bias: When you want to build a hammer, everything starts to look like a nail

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Only those who are asleep make no mistakes.

Charlie Munger

In general, your best weapon against these monsters is determination. Even though we usually use one word for it, determination is really two separate things: resilience and drive. Resilience keeps you from being pushed backwards. Drive moves you forwards.

The breakthrough came when I called a team meeting and proposed something radical: focus 80% of our attention on breaking this one constraint and only 20% on everything else.