My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

America Uniquely Tolerates Failure

Evidence

Can start multiple businesses after failures, investors don't penalize past failures if you treated them ethically, cultural celebration of 'getting after it' even when outcome is poor

Implication

Entrepreneurs should start more businesses and take more risks in America than they would in other countries

Counter Belief

All developed countries have similar attitudes toward business failure

Example Application

Start 9 businesses expecting 7 to fail, knowing that 2 successes are enough for wealth and that failures won't prevent future fundraising.