My First Million Best of This Week: Feb 14th
Feb 18, 2022
This week features wild tales of a couple stealing billions in Bitcoin and the bizarre lives of those caught in a money laundering scheme. Discover the rise of innovative 'paper cut companies' that tackle everyday problems for big returns. Insights into the evolution of business goals reveal how aspirations shift from modest to billion-dollar ambitions. Plus, an exploration of balancing hobbies with competition adds a personal touch, emphasizing the joy of leisure over the pressure to excel.
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Sam's Encounter with a Bitcoin Thief
- Sam had met one of the Bitfinex Bitcoin thieves at a party years prior.
- This thief, along with their spouse, was later arrested for laundering billions in Bitcoin.
Paper Cut Companies
- "Paper cut companies" solve small but annoying problems people face regularly.
- These problems, like inefficient document access, can be valuable business opportunities.
Build for Yourself
- Build products you would use yourself; this helps identify and eliminate "paper cuts."
- Working on your own products allows you to address the irritations you experience firsthand.