You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
Jay SamitRead
Building a career or a company is about living a few years of your life like most people won't so that you can spend the rest of your life living at a level most people can't.
Interpretation
Success often requires short-term sacrifices for long-term rewards.
This quote emphasizes the importance of making sacrifices and putting in hard work during the initial stages of one's career or business. By enduring the challenges and struggles that most people shy away from, one can eventually achieve a level of success and freedom that is unattainable for those who choose to play it safe.
In practice
During a motivational speech at a business conference.
You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine.
As counterintuitive as it sounds, 'speed to fail' should be every entrepreneur's motto. Success isn't born wholly-formed like Venus from a clamshell; it's developed through relentless trial and error.
Replace your pursuit of success with the pursuit of contribution.
The guys that improve every year are those that are always adding something to their game.
The safest way to get what you want is to deserve what you want.
When you focus solely on valuation and market share, you win some and you lose some. When you focus on the needs of your customers and help them achieve their dreams, you win every time.
Prior to the App Store, the chances of that happening, of somebody really young forming a company and in a period of no time really becoming a global provider of a game or something else, it really didn't happen. Now there are these success stories popping up everywhere.
Most work is not coming up with The Next Big Thing. Rather, it's improving the thing you already thought of six months - or six years - ago. It's the work of work.
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