Sublime

an exercise in thinking. Because that is what a startup has to do: question received ideas and rethink business from scratch.

Definite Pessimism

In no case should a CEO of an early-stage, venture-backed startup receive more than $150,000 per year in salary.

THE LAST WILL BE FIRST

1. It is better to risk boldness than triviality. 2. A bad plan is better than no plan. 3. Competitive markets destroy profits. 4. Sales matters just as much as product.

Monopoly is the condition of every successful business.

But in a power law world, you can’t afford not to think hard about where your actions will fall on the curve.

Indefinite Philosophy

Non-monopolists exaggerate their distinction by defining their market as the intersection of various smaller markets: