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  1. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    In 2006 I had a bunch of ideas and I decided I needed to switch careers. I was running a fund of hedge funds at the time. We got an offer for 4x our revenues, whcih was great. The only problem was, they wanted me to sign a six year employment agreement. I couldn't do it. Even my lawyer said...
  2. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Most acquisitions turn out bad for the acquirer. Which means that most times you start a business, you should sell as quickly as possible and then start a new one. BUT, how do you know when? - if you feel that only one or two things can happen to cause you to go out of business - if you...
  3. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    This is a great checklist for starting a business. Note, though, that the business will change drastically after you start it. Almost every business does. Some recent examples: Yammer (an enterprise messaging app) started as Genii (a genealogy app) Buddy Media (an enterprise software product...
  4. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    What is Greece?
  5. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    You need to make sure you get healthy. Making money is a side effect of health. It's way down the road. It's not the important thing. Health is important. Its #1. When you say "clinically depressed" it means you feel a sadness that is not brought upon by any one event but more of a...
  6. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    It's very hard. The key though is taking that step back. Something is telling you not to implement. We don't know what it is. So, for me, I know it means I have to just focus on what I describe as the daily practice. I have to sleep MORE, eat better, exercise, be around positive people, etc...
  7. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Yes and yes. Basically, take a model that has worked here in the US and then build it in Poland. There are two German brothers that keep doing it over and over again in Germany. Do it in Poland or Eastern Europe. Example: make 4sq for Poland. Or zappos for poland. Anything.
  8. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Honestly, I am seeing people every day make millions of dollars through internet marketing. Get really good at how to build, rent, use email lists. Write an info product that people will want to buy. And sell it.
  9. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Yes, take a big step back and realize you know nothing. I tell this to my own daughter. She gets A+ on everything on her report card and is very proud. I hope i don't upset her too much but I say, "this report card is bullshit!" she knows I am kidding but only part-kidding. But then I give...
  10. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    First, I would really examine what I do during the job that I could change: - do you go out to lunch with co-workers every day? Change it to 2 days a week and work on your own stuff the other 3. - do you go on cigarette breaks twice a day? Stop and do your own stuff. - do you find yourself...
  11. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Most product businesses started out as service businesses. here's the problem, when someone wants to sell a service business it's usually valued much more cheaply than a product biz. Acquirers say, "all the assets of the business walk out the door every night". The key is to take services you...
  12. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Both. The key is: not to come up with a good idea. Just come up with 10 bad ideas if you want. The key is to not let the idea muscle atrophy. If you don't walk for 10 days, your leg muscles will atrophy so quickly you will need physical therapy to walk again. It's the same with the idea...
  13. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    I'll give a generic example and then a specific one. What if there was a popular site that had restaurant reviews. Now you made a site that interviewed the best chefs around the city and included recipes of their best dishes. Your site could be bolt-on to the restaurant review site. More...
  14. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    I sort of feel "Choose Yourself" is that but I'm probably going to do a followup (working title is "Bad Behavior") with more personal stories. By the way, I recently finished a very strongly written memoir: "The Glass Castle" by Jeannette Walls. Thanks for the Bernie Mac suggestion. I will...
  15. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    I think ego kills writing and I like to write. I also meditate, read inspirational books, and know every day that I can lose everything, including the people I love if ego gets out of control. I've already been through losing so much I don't want to do it again.
  16. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    40% one public stock. Started out as 2% of my net worth but it grew. As Warren Buffett once said, "I don't trade away a basketball player just because he turns out to be Michael Jordan". 30% private companies that I invested in diversified over tech, biotech, energy. About 20 separate...
  17. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    I do and I don't have a thick skin. Some things you just get used to. There's only so many times different people who have no idea who you are call you a douchebag before you realize that there's probably something wrong with them. It bothers me more when my friends suddenly decide they hate...
  18. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Every business. I've done this to "reinvent" myself in standard industries on 3 or 4 different occasions. Let's say I wanted to reinvent again. For instance, let's say I wanted to write comic books. I'd spend 6 months on the latest things in the DC and Marvel world. And I'd read the best...
  19. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    Jon, I know what you mean because I'm extremely shy. What happened with me is that I had training-by-force. I did a project once for HBO, a web show for 3 years, where I interviewed people at 3 in the morning on a Tuesday night, every Tuesday night. And I had a crew videotaping it. So I...
  20. J

    Fastlane AMA: James Altucher; Startups, Publishing, Bloggin More...

    NOTABLE! EXECUTION 
    I wanted to share a post i put on my blog this morning: How to Self-Publish a Bestseller: How to Self-Publish a Bestseller: Publishing 3.0 Altucher Confidential

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