My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
Patient capital enables better business building than venture timelines
Evidence
Fire Crown uses 15-30 year capital timeline, allows for organic growth and market development without pressure to sell quickly
Implication
Entrepreneurs should seek capital sources aligned with their business development timeline rather than accepting standard VC terms
Counter Belief
Fast growth with VC backing captures more market opportunity and creates bigger outcomes
Example Application
Magazine acquisition strategy requires years to develop commerce products, patient capital allows this vs VC pressure for quick exits