My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“this is the nightmare of Corporate America”
What It Means
Corporate promotion systems can elevate people who excel at corporate politics but lack substance or real competence
Why It Matters
Highlights the mismatch between traditional corporate skills and what modern technology companies actually need
When It's True
When promotion systems reward political skills over technical competence and results
When It's Risky
May overlook valuable business development and partnership skills that aren't visible in public settings
How to Apply
Evaluate executives on substance and direct communication ability
Test for product knowledge and technical understanding
Design promotion systems that reward actual performance
Example Scenario
“When hiring a tech company CEO, prioritize someone who can directly answer product questions over someone with perfect corporate presentation skills”