My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Special Situations Opportunity Recognition
Look for situations where different parties want different outcomes, creating opportunities to restructure deals so everyone wins
Decision Rule
When you can identify misaligned incentives between parties who could all benefit from a restructure, there's likely a special situation opportunity
How It Works
Market inefficiencies exist when parties have different goals, timeframes, or risk tolerances - smart restructuring can unlock value for everyone
Failure Modes
Assuming all parties will be rational
Underestimating complexity of restructuring
Missing hidden stakeholder interests
Example Decision
“Buy VC-backed company where founder wants control and VCs want liquidity - restructure cap table so founder gets equity and VCs get exit”