[10ren]

Entrepreneurship is about turning every dollar of resources spent into something worth more than a dollar.

Including your time. Even if you can live on $100 per week, your time is still worth $100 per hour, so that's how much value you need to create with every hour.

But it doesn't need to be $100 cash, but of value. Warren Buffett doesn't evaluate companies by their current price, but by their likely future worth. A key factor in evaluating worth is their economic moat - their enduring advantage over competing companies. Therefore, creating more than $100 of economic moat in an hour is a good use of your time.

Of course, Buffett doesn't invest in startups or even tech companies like IBM. Tech is too unpredictable: a product that is good + a market that actually wants it. Your success or failure is not predictable from data points - it pretty much is the first data point.