The stupider you are, the smarter you think you are, and vice versa.

a16z.com/2020/04/18/its…

SCIENCE: If you don't make mistakes, you're doing it wrong. If you don't correct those mistakes, you're doing it really wrong. If you can't accept that you're mistaken, you're not doing it at all.

Things you don't have to do to start a company: - Quit your job - Learn to code - Write a business plan - Raise money - Hire employees Things you have to do: Start.

First post of the year. This made me sad to write. But someone needed to write it down: Why the Canadian Startup Scene doesn't work alexdanco.com/2021/01/11/why…

How to succeed in school: - Do as you're told - Only learn what's on the test - Memorize everything - Avoid failure How to succeed in real life: - Know when to break the rules - Fail, learn & try again - Relentless curiosity

"The single most powerful pattern I have noticed is that successful people find value in unexpected places, and they do this by thinking about business from first principles instead of formulas." ~ @PeterThiel

I quadrupled down on angel investing this past year. I’ve invested $2M in 30 companies. In the process, I’ve learned what feels like 5 years worth of lessons. Here are my 15 biggest takeaways for anybody interested in angel investing 👇👇👇

As a founder I want to choose markets that are so successful that many incompetent people are winning too.

Pay attention to those who are willing to risk their careers to say the unpopular truth.

"I’m not going to be the most successful person on the planet, nor do I want to be. I just want to be the most successful version of myself while working the least hard possible." Naval

After coaching a lot of very successful people, here's an unsexy truth: A lot of success is learning to grind when it's boring. Staying engaged, working, and seeing it through when it's "boring" is a skill. If you expect all building to be exciting, you'll never make it.

Big companies get big by hiring lots of people who aren’t very good at their jobs but can play the political game well enough to keep their direct manager happy and they in turn aren’t very good at their jobs so the system perpetuates itself in wave after wave of mediocrity.

colleges prioritized making people feel perfectly safe over everything else and produced a generation afraid to fail, and thus afraid to take risk, and thus on pace to accomplish extremely little

RIP Solopreneurs? We're about to see the solopreneur evolve into something way bigger And I'll tell you how it plays out Founders aren't in awe of venture capital as they used to be. I remember watching The Social Network and thinking I wanted to raise VC. And then I learned

Ecommerce founders - this is an intervention. 🛑 STOP taking "fixed fee" merchant cash advance loans from Wayflier, 8Fig, Shopify Capital, and more. 💰 The entire biz model of these lenders is exploiting the fact that you can't do interest rate math. That ends now - read on...

My take on the Amazon aggregators, and why 95% of them are doomed to fail. ⬇️ From the day I met the first aggregator, back in 2019 meeting with some Thrasio representatives, I had strong doubts about the viability of the endeavor. But I was also trying to consider that maybe

Jeff Bezos: "It's our choices that define us, not our gifts."

We started Simple Modern with $200k. In 8 years, we've sold half a billion dollars of insulated drinkware through Target, Amazon & DTC. We're licensed with Disney, NFL & more. Our best threads about how we did it:

This is solid advice, but there is no harm in giving a cash poor advisor 25-50 bips over two years for a very specific set of deliverables — framing them as “consultants” in your mind makes this helpful (ie you would have paid for their work otherwise, and you prefer them having