• Instead of focusing on how something might fail, consider how big the idea could be if everything worked out 
• You don’t always want to sit behind a defensive moat; sometimes, a high-velocity attack is the best way to win 
• Mental models from one discipline are often applicable in another discipline; cross-pollinate ideas and concepts across disciplines and you may discover something novel 
• The key to success is dumb competition; competing against knuckleheads increases your chances of success
• Focusing on making money will cause you to make less money; nobody wants to give money to people who are too focused on making money 
• It is fine to want money, but wealth is a paradox; the more of it you want, the less of it you get 
  • It is better to focus on things that are upstream of making money, such as solving problems and developing skills that are valuable to other people 
• The greatest returns in investing come from allowing the compounding machine to run; do not make decisions or engage in behavior that interrupts the compounding machine 
• You have a massive arbitrage opportunity if you can avoid mimetic desire in venture capital investing 
• In life and business, you can just do things! You don’t always need permission 

Episode 648: Shaan Puri ( https://x.com/ShaanVP ) talks to Flexport founder Ryan Petersen ( https://x.com/typesfast ) about playing both games: bootstrapping a startup to millions and raising venture capital to build a multi-billion dollar company. 

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My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano