Jason M. Lemkin argues most people can't actually run multiple businesses at once. Even successful operators struggle with more than one core business without large teams. Private equity firms pull it off only because they have huge organizations backing each company.
Way too many people are trying to build too many income streams, too many compound businesses, too many charlatans on Twitter or X are claiming, hey, I've got 11 $2 million SaaS businesses each putting out 500k a year. So I'm making 6 million personally for my 11 SaaS businesses. Bless their soul. I don't know anyone that can run 11 businesses at the same time. I know Harry and I are both struggling to do what we do. Harry's struggling, wildly successful. We're both struggling just to do what we do. That's like one and a half right now. You could hire 100 people, right? But way too many people want to do 11 pitchbooks or 12 data plays together. And the folks that really do that, well, the PE firms have armies. They have armies.
