5min chapter

My First Million cover image

#108 with Ben Gilbert and David Rosenthal - Brainstorming with the Acquired Podcast

My First Million

CHAPTER

How to Be an Early Stage Investor

There's been so much of a rush to, I wanna invest in my friends and relationships who are starting early stage companies that were now into year five or so of the boom. Unless you're incredibly differentiated, you probably should go play a lower beta game where you can put in some sweat equity like having to use your PM or dev talents to rehab a business that is available to you for a below market price. Most people don't realize this. You can buy a million dollar business with an SBA loan. And by the way, if you buy it before September 27th, your first six months are gonna get paid for you by the SBA.

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