How do you start a billion dollar company from scratch?

I can share some thoughts from 3. First rule of fight club is you have no ******* idea it will be a unicorn. Anyone who says otherwise is full of ****. It’s like the victor rewriting history. So your question is actually something you ask a Tarot card reader. It’s a dumb question. There are things you can do to …

What do startup founders typically get wrong when starting a business?

One could write a hundred+ points, but really it comes down to the basics. It’s such a boring answer, but getting the basics right matters. Everything else doesn’t if the fundamentals aren’t there. What are the boring fundamentals? Timing: The time has to be right. The research was done on this but I want to keep answers brief so they …

Is it a bad sign when a CEO of a company sells his stock?

Generally, yes. In public markets, it is always not a positive sign. If it is a small amount, fine. CEOs of public companies are typically not the founder. They are salary man (in Japanese terms) there with the goal to make bonus from LTIP and STIP structures. If they are selling it flags they don’t believe the stock is going …

What is the best advice for first-time entrepreneurs?

If you want ONE piece of real advice, it’s this: Focus You’re going to ignore me and learn that lesson yourself the hard way though 😉 No matter how much you think you are focusing you are still not focusing enough. You can still reduce all your plans down by factor of 10. Do not create construction sites. Anything you start …