This is the exact reason so many entrepreneurs fail. It’s fun to do big sexy things. You’re competing with many other brilliant entrepreneurs. The way to win? Ignore this mindset all together and do common things uncommonly well.https://twitter.com/mgirdley/status/1270381874502946820 …
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99% of the wealthy people in this country werent funded by venture capital and they didn’t have new big ideas. I’m taking about real people and you’re talking about unicorns.
Fair, but I'd argue that even if you're creating a smaller business, i.e. one that will not IPO, it's probably more important to compete asymmetrically than it is to do common things uncommonly well.
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I started a business doing the same thing 10+ companies were doing (and profitably) and simply answered the phone, planned ahead and made some sacrifices for a few years. Way too many people try to reinvent the wheel and fail because of it.
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Possible but tough. You might be super talented. How much farther would you have gone if you were doing something differentiated?
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