If you lack any of the following, focusing on building equity instead of cash flow is probably a mistake…

- 2 years living expenses outside of $ you’ll invest in your biz
- significant domain experience / knowledge / understanding
- a backup plan if shit hits the fan

“But bruhhhoooo if I can’t sell the thing I’m working on for a 10x revenue multiple in 5 years then it’s not worth my time”

These things allow you to 1) think long term and 2) operate at the highest level you can without stressing about things that you should have under control

Seems heroic & exciting to say “fuck it I’m starting a business and I’ll figure it out  on the fly”, but it’s only heroic for the winners and those just starting out; there are millions of people who lost doing the same thing but you most likely won’t hear the horror stories

Similar stance as saying you shouldn’t invest money that you can’t afford to lose. Your best work (and investments) will come from working on something you know very well b/c of your past experiences & genuine interests while not needing to significantly worry about bare minimum survival