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Learn from this investor’s $100m mistake
In 2010, a Grammy-winning artist passed on investing $200K in an emerging real estate disruptor. That stake could be worth $100+ million today.
One year later, another real estate disruptor, Zillow, went public. This time, everyday investors had regrets, missing pre-IPO gains.
Now, a new real estate innovator, Pacaso – founded by a former Zillow exec – is disrupting a $1.3T market. And unlike the others, you can invest in Pacaso as a private company.
Pacaso’s co-ownership model has generated $1B+ in luxury home sales and service fees, earned $110M+ in gross profits to date, and received backing from the same VCs behind Uber, Venmo, and eBay. They even reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
Hey {{first_name|bro}},
How do you make decisions? Or even just think?
Like if you have to make a super important decision or create something that’s seen as impossible to do or solve an huge problem….
Do you have a system for that? (if you do lemme know below)
But most of you, like me a while ago, didn’t have any system. So today I’m going to explain the one I use a lot:
It’s called first principles.
What you do is break things down into their most basic parts, and then start from scratch, using only those basics to build your understanding or solve a problem.
Let’s take Elon for example… He asked: What are rockets made of?
Found the materials (aluminum, fuel, etc.) were much cheaper than the rocket itself.
So he said: Why not build a cheaper rocket from the ground up?
Now, I have no idea what’s going down in your life. But one I see every day is people being lazy because they’re reasoning by analogy.
What does that mean?
Reasoning by analogy is basically just doing what everyone else is doing because that’s what everyone else does.
Which is incredibly stupid. (most of the time)
Like for example, let’s say you’re walking down the street. I bet you wouldn’t even think to pull out your phone to write an email because no one else does that.
Well, that’s an hour of you day wasted on time.
And time is our most valuable resource, so start tracking your days and every time you see wasted time (anything where you’re not working) use first principles to see if you can be working.
Good luck man, you got this.
—John
S: 108
T: go do some outreach