what commonly cited startup advice is overrated? underrated?

Overrated:
- What’s the moat?
- TAM (today)
- founders optimizing for dilution

Underrated:
- Thiel, pmarca (esp. only thing that matters) and PG

https://danromero.org/canon.html

Building /bright-moments - minting onchain art IRL | /purple #15 | FID 129 #magikarp

I’ve yet to find one of the startup ones that I disagree with. The beauty is how seemingly trite a lot of his advice is—but actually following it is really hard.

I’ve read all of PGs essays and cannot overstate how much they have shaped my worldview

Haven’t read it, but generally skeptical of advice from people who haven’t built 0 to 1 technology businesses

Read Peter Drucker’s “innovation and entrepreneurship”? Lays out a 7 sources framework for identifying opportunities for innovation that’s super useful, but no one ever talks about that book.

thanks for sharing, great resources - made this my (re-)reading list for the coming weeks 📖

To most of my friends who want to start a startup and look for advice, I tell them: start a business instead (most businesses aren't startups and that's perfectly fine).

Well I think I just found my reading list for the next few days. ty