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The Compound Years · Issue #2 · August 2026

The price of waiting for the perfect time

It’s never as expensive as you think to start before you’re ready, and never as cheap as you hope to wait. Five things this week on starting.

01The idea

The cost of waiting is invisible -- which is exactly why it’s so expensive.

A year spent preparing is a year not learning from the live system, and the market doesn’t pause while you finish researching it -- it just keeps running the experiment without you, and every month you delay is a month of real signal you’ll never get back, no matter how good the spreadsheet was that kept you out of the room.

02The hidden math

Confidence is cheap. Signal is not.

The thing you launch at 70% confidence and ship for two years almost always beats the thing you launch at 95% confidence and ship for one, because the gap between them isn’t how good either version is -- it’s the eighteen months of real customer behaviour the first version collected while the second was still being polished.

03The hire

I have hired three times and all three were great. What they shared was a willingness to start before everything was clear.

I look for curious people who build things, who say what they mean, and who are honest about what they do not know yet. Every one of them got moving while the brief was still rough, asked good questions along the way, and cared about the work itself. That has been worth more to me than a perfect CV, and it is the same instinct as shipping at 60%: the people who start early learn things the people who wait are still reading about.

04The bet

Three of the notes I left for ”later” turned out to be wrong about what actually mattered.

Shipped a half-done version of something this week with code comments saying ”come back to this,” and the live system told me within days that three of those were aimed at the wrong problem entirely -- which is roughly a week of preparation I would have spent solving for ghosts if I’d waited until it felt ready.

05The question

What’s one thing you’ve been preparing to start? Hit reply with the 60% version of it.

I read every one, and I’ll write back to a few each week -- sometimes the most useful thing isn’t the advice, it’s having someone outside your head say the version you’ve got is already good enough to put down.


If any of this landed, forward it to one person who’s ”almost ready” on something.

-- David