166: Daniel Vassallo — Building a Portfolio of Small Bets

Today, I am talking to Daniel Vassallo, writer, founder, and person with very strong opinions. He is building a portfolio of small bets in public, on Twitter. I will talk to him about the importance of making money in diversified ways, how to structure your life around being a founder, and how to figure out which business ideas might actually work. Here is Daniel Vassallo.What is the lifetime value of a subscription business? 1:12Different kinds of software fit different pricing models. 5:04What is a portfolio of small bets? 9:30Business is unpredictable. You need to radically reduce the input. 13:48What common things do you share with other entrepreneurs? 17:46Don’t try to be too novel. 21:31What’s a good approach to spreading out your experiments? 26:14What is the best price for your business? 40:08How Pieter Levels’ portfolio has changed over time. 45:58How you can use social media to get new ideas. 51:26Sometimes it’s something seemingly unrelated that opens your eyes to a new way of doing things. 55:01Links:- Daniel's Revenue/Days on Market graph. This episode is sponsored by MicroAcquire. Here's the blog post for this episode.You can also watch this episode as a video on YouTube.