00:25:01 · Jim Rose
There's some reason that you as a company doing it and doing it over time accrues more and more value and accrues more and more differentiation that somebody can't come in and basically take it away from you. And that someone who comes in and takes away from you is probably going to be a Fortune 10 company that has infinitely more money and can do things at a lower cost. So you have to find something that's very unique and valuable. And one of the huge benefits of startups and being an entrepreneur is that you're unencumbered. You don't have to worry about the way it was done before. You don't have any customers and come up with something entirely new. I think that's how you find success. Find something that's truly unique, something that's truly inspirational, and spend your time there. Because most startups are going to fail. Very, very few of them succeed. The chances that you're going to succeed aren't very high. But the way you succeed is by trying to do something meaningful. If you're doing something that's truly inspirational and meaningful, maybe as a startup with the first thousands or millions of dollars that you invest, you're able to get 20% of the way there and you're able to hand the baton off and go join a larger organization who then helps you get it to the finish line. Right? But if you're just doing something that's an interesting facet or feature of somebody else's platform that's easily copyable, there's there's better ways to spend your time.
00:26:40 · S4, S6, S8, Jim Rose, S9, S3, S10
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00:27:41 · S10, S11
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