The 6 Different Types Of Entrepreneurs:

Joe Rogan and Warren Buffett are both entrepreneurs.

But if you switched them, both businesses would fail.

Rule of thumb: If a word is so broad that you can't switch 2 things it describes, it needs unbundling.

Rogan has 3 employees vs Buffett has 383,000 employees.

E.g. Imagine if we only used "dog" to describe every breed of dog.

There's a big difference between a Labrador and a Pitbull.

This is the problem with our language around entrepreneurship.

6 naming conventions for different types of entrepreneurs:

1. Technical-Entrepreneur - E.g. Elon Musk or Palmer Luckey

2. Capital-Entrepreneur - E.g. Warren Buffett or Charlie Munger

3. Writer-Entrepreneur - E.g. Tim Ferris or J.K Rowling

4. Video-Entrepreneur - E.g. Mr. Beast or Marques Brownlee

5. Fashion-Entrepreneur - E.g. Virgil Abloh or Bernard Arnault

6. Artist-Entrepreneur - E.g. Christopher Nolan or Joe Rogan

The key thing is that the word comes before entrepreneur, because if you removed that word — they would usually cease to be the level of entrepreneur that they are.

There's a lot of talk about product market fit — but there’s little talk about founder-market fit.

Founder-market fit is probably more important than product-market fit, because if you don't have founder-market fit — the founder will live a miserable existence and quit when it gets difficult.

However, if you don't have product-market fit but you have founder-market fit — the founder is so addicted to the infinite game they are playing that they will eventually stumble upon product-market fit.

Imagine a world where Tim Ferris carried on as an e-commerce entrepreneur running supplement company Brainquicken.

Tim is so smart it would've been a success regardless.

But I think it would've probably been less successful as when he found out his unique founder-market fit:

Writer-Podcaster-Entrepeneur.

Reminder to self: Before you focus on product-market fit, think deeply about your unique founder-market fit.

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🚨 Warning: This essay contains something the internet hates... Nuance.

1. We could unbundle this way past 6 examples, but I chose 6 to keep the essay short.

2. There are some people who are so talented that they would win any game they play.

E.g. Elon Musk and Palmer Luckey could win at handbag fashion if they put their minds to it.

But their global maximum is focusing on their specific founder-market fit: Technology.

3. It's impossible to run the counter-factual on Tim Ferris' success as an e-commerce entrepreneur.

However, he wrote the 4-hour work week due to the burnout he got from that company.

So we may never know if he would be more or less successful as an e-commerce entrepreneur -- but we assume he would've lived a miserable existence.