In a competitive industry, only paranoid incumbents - those constantly striving for betterment - have any hope of surviving.
Sentiment: NEGATIVE
Really great entrepreneurs have this very special mix of unstoppable optimism and scathing paranoia.
Success breeds complacency. Complacency breeds failure. Only the paranoid survive.
History has shown that incumbents tend to fight trends that challenge established ways and, in the process, lose focus on what matters most: customers.
I'm a strong believer that you can build great companies in time of both greed and fear. But you have to be paying attention and operating under the right assumptions. You don't have to believe history repeats itself, but you should accept that history rhymes.
For significant job creation to occur, prospective entrepreneurs and current business owners must not fear the future or be under assault from their own government in the present.
I think that our primary concern is that the membership in our industry become active. I'm not talking about the candidates being active. I'm talking about the few hundred thousand people who work in the industry around the United States.
Even when early innovations start to succeed, it is not uncommon to see growing businesses sabotaged for threatening the status quo.
I think that sometimes people are frightened to take the risk of entrepreneurship.
I'm always thinking as an outsider, and I'm always mindful of whether a company can be impactful on a global basis. Frankly, I'm paranoid about anyone anywhere who could be a competitive threat.
The bold enterprises are the successful ones. Take counsel of hopes rather than of fears to win in this business.