My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
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“you're much more likely to be able to take fifty a hundred thousand dollars start a business and get to like a million dollars in revenue”
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What It Means
Starting your own business has higher success probability than angel investing
Why It Matters
Challenges conventional wisdom that investing in others is safer than starting your own company
When It's True
When you have distribution, operational capability, and market understanding
When It's Risky
When you lack market knowledge or operational skills in the business area
How to Apply
1
Evaluate your own business ideas against angel investing opportunities
2
Consider starting businesses in areas where you have advantages
3
Use as framework for capital allocation decisions
Example Scenario
“Content creator with large audience choosing to start job board rather than investing in 10 early-stage companies”