Innovation Comes From Long-term Thinking And Iterative

So Usually You Have To Have Product Distribution As More Fundamental Than What The Actual Product Is.

When You Have An Idea, A Classic Entrepreneurial Impulse Is To Hold The Idea Close To You And Not Tell People And That's Almost Always A Mistake.

Managing Risk Is A Key Variable, Frankly, All Aspects Of Life, Business Is Just One Of Them, And One Of The Things That Most People Do In Terms Of Managing Risk, That's Actually Bad Thinking, Is They Think They Can Manage Risk To Zero. Everything Has Some Risk To It. You Know, You Drive Your Car Down The Street, A Drunk Driver May Hit You. So What You're Doing Is You're Actually Trying To Get To An Acceptable Level Of Risk.

I Find That The Interesting Challenges, Because There's Obvious Things Where, You Know, Don't Be Unethical, Don't Be Evil, You Know, Don't Break The Law, Don't Do Immoral Things, Those Are All Straightforward And Don't Create Ethical Dilemmas. The Thing That's Interesting Is When You Actually Have Multiple Interests At Stake And You Have To Kind Of Navigate Your Way Through It.

One Of The Tests That I Frequently Use In An Interaction Is I Push On The Idea And What I'm Looking For Is Both Flexibility & Persistence.