Chapter
Taking Risks for a Big Outcome
1:11:18 - 1:20:35 (09:17)
The speaker discusses the importance of taking bold risks when starting a company and not worrying about controlling everything or making a quick profit. Focusing on the possibility of a huge success can be more motivated than just trying to play it safe.
Clips
The guest emphasizes the importance of taking decisions that have a higher chance of being the spectacular outcome versus being cautious and only achieving mediocre results.
1:11:18 - 1:20:35 (09:17)
Business strategy
Summary
The guest emphasizes the importance of taking decisions that have a higher chance of being the spectacular outcome versus being cautious and only achieving mediocre results. He emphasizes that the focus should be on the binary outcome, which is either success or failure, rather than on holding on to control or achieving small gains.