“You’re essentially indirectly competing against the smartest, most informationally savvy groups in the world.”
“You’re essentially indirectly competing against the smartest, most informationally savvy groups in the world.”
Second, you will usually get risk calculations wrong. You’ll be very focused on keeping up with other people and not falling behind in competitive games, even in the short term.
Sam Altman • How to Be Successful
While the rest of us are chasing victory, the best in the world know what they must avoid losing before they can win.
google.com • Inbox (6,480) - tyler.faught92@gmail.com - Gmail
Sometimes I’ve had this feeling like someone is so much smarter than me and therefore I have no hope of competing. But usually what is really going on is that they are just more obsessed than me. Intelligence is good, and some amount is required, but the obsession is better.
Patrick OShaughnessy • Tweet
Err on the side of doing things where you'll face competitors. Inexperienced founders usually give competitors more credit than they deserve. Whether you succeed depends far more on you than on your competitors. So better a good idea with competitors than a bad one without.
paulgraham.com • How to Get Startup Ideas
On an individual level, however, it’s absolutely critical that you know who you’re competing with and why, that you have a clear sense of the space you’re in.