Nail One Thing First — Then Scale, Expand, or Diversify

1. Paraphrasing Peter Thiel
   1. All the best companies initially focus on:
      1. One Distribution Channel that really works
      2. One Revenue Stream that Really Works
   2. Eg: Facebook
      1. Distribution Channel — Viral photo-tagging on campuses
      2. Revenue Stream — Monetization through Ads

1. “People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are”
2. “Innovation is saying no to 1,000 things”
— Steve Jobs