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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Molson Hart‏ @Molson_Hart May 5
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      I’m currently rereading Zero to One for my book club. Thiel argues that all significant fortunes are built by building something new that totally avoids competition (or at least addresses a problem in a completely new way from preexisting competition).

      5 replies 0 retweets 12 likes
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    2. Molson Hart‏ @Molson_Hart May 5
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      It passes a logical smell test. If something were not new, then it would already exist. If something exists it is already for sale. Therefore you are competing. If you are competing in an undifferentiated way, the lowest price wins and the producer loses.

      1 reply 0 retweets 2 likes
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    3. Molson Hart‏ @Molson_Hart May 5
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      Okay that’s great, but does it prove out in life? It does in my own. All the money I’ve ever made can be traced back to three different ideas I had. One in 2011, one in 2014, and one in 2016. Once I had the idea, it didn’t actually take much work for it to start raining money.

      1 reply 0 retweets 6 likes
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    4. Molson Hart‏ @Molson_Hart May 5
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      Execution on new ideas that avoid competition is way easier than execution in a competitive old space. So maybe that saying is wrong. Success is more inspiration than perspiration.

      6 replies 0 retweets 11 likes
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    5. Westershushu‏ @postnomadic May 6
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      Replying to @Molson_Hart

      Can you expand on these? Certainly your current toy biz is not one of them?

      1 reply 0 retweets 0 likes
    6. Molson Hart‏ @Molson_Hart May 6
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      Replying to @postnomadic

      This is going to be underwhelming, so sorry in advance for that: 1. We launched a bunch of products that were completely new to the United States and paired them with good branding. 2. Toy biz is. Every good business starts out as novel. The idea was "factory to Amazon".

      1 reply 0 retweets 0 likes
      Molson Hart‏ @Molson_Hart May 6
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      Replying to @Molson_Hart @postnomadic

      3. Figured out I could find profitable lawsuits and then find people who had them and then could offer a turnkey solution to doing them.

      8:23 AM - 6 May 2020
      0 replies 0 retweets 0 likes

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