When she explains this to Bobby, he leans in, agreeing with the firm. His outburst is coldblooded, honest, and ruthless, the type of thing that starts divorce proceedings in a nurturing relationship. But, as a capitalist, it’s actually some damn good entrepreneurial advice, as INC Magazine noted earlier this week. Peep the scene above. And the transcript below:
What is it you do that you’re the best in the world at? You offer a service you didn’t invent, a formula you didn’t invent, a delivery method you didn’t invent. Nothing about what you do is patentable or a unique user experience. You haven’t identified an isolated market segment, haven’t truly branded your concept. You need me to go on?
So why would an investment bank put serious money into it? I all but told you that ahead of time, but you wouldn’t listen. Now you’ve heard it, but it’s too late. You. Weren’t. Ready.Take note, entrepreneurs. That’s advice that will make you millions, if not billions in the case of someone like Evan Spiegel: If what you’re doing isn’t unique or the best in the world or something everyone knows you invented, you’ll always be running around in second place.
(BroBible.com)
No comments:
Post a Comment