Lark Davis|Oct 07, 2026 07:25
7 hard truths from hitting my first $1M across crypto, investing, and business:
1. Unrealized gains aren't wealth. If you don't de-risk into stable capital, the market will take it back.
2. The first $100k is brutal, $1M is hard, then momentum takes over. Once capital, audience, and deal flow start compounding, gravity works with you instead of against you.
3. Saying "no" protects your stack. In a 24/7 market, FOMO is an account drainer. 95% of hyped deals are noise.
4. Cheap hires cost fortunes. Cutting corners on core operators costs 10x more in clean-up and lost alpha.
5. Cash flow funds asymmetric bets. Build steady cash flow first, then use house money to hunt outsized upside.
6. Solve your tax setup early, or pay for it later. Unstructured gains get eviscerated. Get competent CPAs and legal entities in place before the money hits.
7. Know your 'why.' Mine is family. Markets crash and deals fall apart. When it gets brutal, knowing exactly who you are fighting for is the only thing that keeps you going.
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