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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.

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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. A‏ @31aakay_ May 6
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      Replying to @Molson_Hart

      I was kinda 50/50 on Thiel’s view here - plenty of people become successful reexecuting current ideas in a more efficient way / different angle. Are you able to expand on your own examples you refer to?

      1 reply 0 retweets 1 like
      Molson Hart‏ @Molson_Hart May 6
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      Replying to @31aakay_

      Molson Hart Retweeted Molson Hart

      Really? What are some examples besides moving operations to lower cost countries?https://twitter.com/Molson_Hart/status/1258054826400907264 …

      Molson Hart added,

      Molson Hart @Molson_Hart
      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".
      8:24 AM - 6 May 2020
      1 reply 0 retweets 0 likes
        1. New conversation
        1. A‏ @31aakay_ May 6
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          Replying to @Molson_Hart

          Sometimes there’s new efficiencies that can arise thru technological advancements eg desktop to cloud in software - same services, different fabric. Sometimes there’s new geographical markets to explore which provide more demand / less competition than ur domestic ones

          1 reply 0 retweets 1 like
        2. A‏ @31aakay_ May 6
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          Replying to @31aakay_ @Molson_Hart

          I’m learning that rather than over critiquing your product, maybe invest more time assessing whether you’re fishing in the right sales channels

          1 reply 0 retweets 1 like
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