Daron Pacheco and a guest challenge the idea that first businesses always fail. They use the "first pancake" metaphor to ask whether early ventures are learning steps or if the first one could actually be the best.
They always— I always hear everybody say your first business is not going to be your best business, your most successful business. And then it's like, okay, why not? Like, why can't it be? But then it's also like, is this setting me up for something in the future that's going to be bigger?
I love that. My business coach, he used to always say the first pancake is always shit. You know, when you're baking your first one, it's never going to be that beautiful IHOP circular round. Like, there's no symmetry. It's like a blob, you know? You keep practicing, you get better. It seems pretty rudimentary, but I kind of fall in the same way. I was like, why can't this work? Yeah, you know, why can't we be risk-averse? It doesn't have to be perfect.
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