Mark Cuban: prediction

Transcript context

…Yeah, you have to be kind of two-brained, I guess. You have to be able to dip into reality when you’re thinking about the specifics of the product, how to design things, the first principles, the basics of how to build the thing, how much it’s going to cost, all of that. Yeah. Because if you can’t do the basics, you’re not going to be able to do the bigger things. And at the same time, you’ve got to be… One of the things that entrepreneurs do that I always try to remind any of that I work with on is we all tend to lie to ourselves. Our product is bigger, faster, cheaper, this or that, as if that is a finite situation, that’s never going to change. And there’s always somebody, I call them leapfrog businesses. Whoever’s competing against you, if you do a B or C, they’re going to try to do C, D and E, and you better be prepared for that to come, because otherwise they’re out of business too. So you’re never in a vacuum. You’re always competing against sometimes an unlimited number of entrepreneurs that you don’t even know exist who are trying to kick your ass. And the tricky part of all this too is you might need to frequently pivot, especially in the beginning.…

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