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Continue reading →: What You Need to Open a Business Bank AccountFour documents get you through the door at almost any bank, and two extras trip up more founders than the four combined. I’ve opened a business checking account for every company I’ve started, and I still showed up missing a document once or twice. Consider this the checklist I wish…
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Continue reading →: How to Get an EIN From the IRS: 2026 Founder GuideAn EIN is free, usually fast, and useful long before your first employee. Here is what it does and how to get yours without paying a middleman. I’ve spent 20 years starting companies, and an EIN is one of the rare federal tasks that can take less time than choosing…
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Continue reading →: Truth Bombs for Founders: Travis Kalanick Shares WisdomIn a podcast interview titled, Excellence Is the Capacity To Take Pain, David Senra interviews Travis Kalanick about his experiences as a tech founder. Normally I would not spend a post on DailyDime to share video content but Travis’ interview is worth sharing with any founder, especially if you’re in…
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Continue reading →: Razor-and-Blades ModelGive away the razor at cost and get rich on the blades. See how the razor-and-blades model works, who runs it best, and why the customer lock-in matters more than the price. In my experience as a founder, the smartest moves I’ve ever made is picking industries where customers pay…
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Continue reading →: The AI Stack in 2026: A Practical Map, Bottom to TopAI looks like a model race from the top, but the durable economics sit across seven layers, and the company you buy from may own half of them. I regularly compare the same task across several AI models. Each model is unique and has strengths and weaknesses, but the AI…
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Continue reading →: Top 10 AI Use Cases in 2026 (What People Actually Do)AI use is still mostly about words, answers, and everyday work, but images and agents are closing fast. I use four AI apps on a daily basis. Grok handles everyday questions, Claude gets high-stakes writing, Gemini gets the math, and ChatGPT picks up whatever is left. That sounds like a…
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Continue reading →: Quality of Earnings Reports: The $10 Million Reality CheckThe SBA may help finance up to $10 million of your acquisition. But the SBA will not check whether the seller’s EBITDA is real or not. I’ve sat through due diligence from nearly every seat… selling a company I built, writing angel checks, and reviewing deals as a fund investor.…
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Continue reading →: Incorporate Your Business with Your State: A Simple Guide for FoundersStarting a business is the fun part. Incorporating it is the unglamorous paperwork that keeps the fun part from ending in a lawsuit that takes your house with it. In my experience as a small business owner, this is the step people either skip too long or overthink for weeks.…
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Continue reading →: Strategic Sale vs. Recapitalization: A Founder’s GuideWhich Is Better for a Growing Business? A strategic sale vs recapitalization comes down to certainty today versus more upside and risk tomorrow. When I sold my first company to Petco, I learned how quickly a founder can go from owning every decision to owning very few. The choice looks…
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Continue reading →: How to Buy a Domain Name in 2026 Without OverpayingA workable domain takes about twenty minutes to secure and costs less than a burrito, so stop treating it like a fork in the road. Every company I’ve started began the same way: an idea, a name I liked, a domain search, and a few quiet minutes of disappointment. That…
