A short YouTube monologue (by Nate Tilley) advising entrepreneurs to prioritize financial capital over human capital to scale quickly. The speaker argues time is a non-renewable resource whereas money is renewable, so one should use financial capital (e.g., to run ads or hire others) rather than spend their own time doing everything; wasting current time cannot be recovered.
If I had some financial capital I would very very quickly move to an environment where I was not paying with the most valuable currency that I will ever possess which is non renewable, which is my time and start using money. It is renewable. I can make as much money next year as I did this year. I can make infinitely more money in five years time than I can right now. If I'm broke for five years can I get to a place where then I then have abundance? I can, right? But if I waste this year can I ever get it back? No, I cannot. You want to very very quickly move to a position where you are using financial capital instead of human capital to do that or unless your time, you can hire other humans to then use their time to then do that thing but you really want to quickly move to a place where you do have the money to run those ads.
