He ignores that most categories only have 3 or 4 major players and rest can't get enough recognition to be profitable.
Also $10k/month is ok for one or two people, but what if someone gets sick or leaves, a business is not very stable at that size.
Additionally he assumes people want to change the world for monetary reasons, which I don't think is often the case, otherwise you'd manage a hedge fund or something.
Also $10k/month is ok for one or two people, but what if someone gets sick or leaves, a business is not very stable at that size.
Additionally he assumes people want to change the world for monetary reasons, which I don't think is often the case, otherwise you'd manage a hedge fund or something.