Exceptional people put a premium on working with other exceptional people. This requires that you not only hire well, but cut smartly. It means t… - Marc Randolph

You don’t beat competitors by doing the same thing slightly better.....you beat them by doing something different that matters more to your customer.

If everyone’s fighting over price, find a better experience.

If they’re all optimizing convenience, find a niche they’re ignoring.

The key is focus.

And solving one painful problem really well.

Personally, I’d rather have someone who executes a mediocre idea brilliantly than someone who talks about a brilliant idea forever.

Execution beats perfection every time.

Perfect information doesn’t exist.

You’re always making a bet with incomplete data.

The question is whether you make that bet early, when the stakes are small, or late, when you’ve burned months and money protecting an idea that’s never been tested.