Two Millionaires on the Worst Mistakes They Made Early

TL;DR

The hosts share their biggest business mistakes: hiring young inexperienced people with low hit rates and picking poor project opportunities (sushi restaurants, social media apps, craft beer). They advocate for hiring experienced talent, selecting high-fit projects, and leveraging the “Sarah’s List” strategy of joining stable high-growth companies to accumulate wealth as an employee.

Key insights

• Hiring ambitious young people is a low‑hit‑rate strategy; paying experienced people 2–3× more yields 5–10× better results.
• The biggest variable for a hardworking, talented person is project selection—working on a 10/10 opportunity vs. a 2/10 opportunity.
• “Sarah’s List” is a wealth‑building path for non‑entrepreneurs: join a company with ~1,000 employees and enough growth runway for stock to 10×.