Quotes by Jay Samit

Self-disruption is akin to undergoing major surgery, but you are the one holding the scalpel.

Data may disappoint, but it never lies.

Networking is all about connecting with people. But then again, isnt that what life is about? The more time you can find to get out of the office and build true friendships, the farther your startup will go. Entrepreneurs need to remember to spend as much time working on their business as they do in their business.

To thrive, all businesses must focus on the art of self-disruption. Rather than wait for the competition to steal your business, every founder and employee needs to be willing to cannibalize their existing revenue streams in order to create new ones. All disruption starts with introspection.

YouTube began as a failed video-dating site. Twitter was a failed music service. In each case, the founders continued to try new concepts when their big ideas failed. They often worked around the clock to try to overcome their failure before all their capital was spent. Speed to fail gives a startup more runway to pivot and ultimately succeed.

There is a huge difference between failing and failure. Failing is trying something that you learn doesnt work. Failure is throwing in the towel and giving up. True success comes from failing repeatedly and as quickly as possible, before your cash or your willpower runs out.

The greatest challenge to most innovation centers around the world is many nations punitive attitudes towards failure. In most of the world, if your first business fails, no one will work with you again. But, trial and error is the genesis of innovation.

Every product you have ever loved was a compromise from the ideal vision of its creators to the realities of shipping on time, on budget, and on price point. Anyone who has ever manufactured a physical product that had to be on the shelves for Christmas shopping knows how painful these choices can be.

There is no better feeling than doing well while you are doing good. If you really want to meet the nicest, most caring people in your field, get involved with charity work. The thankless hours that go into planning charity dinners, running a carnival, and gathering donations for silent auctions are noticed and appreciated.

Creating something that builds lasting value and changes the lives of millions of people requires forging a team that will work hard to overcome seemingly insurmountable obstacles, stand up to the pressures of fame and fortune, and stay true to the original vision long after others stop believing.

The strength of brand loyalty begins with how your product makes people feel.

I never understood why women wanted equality in the workplace when in fact, that would be selling them short.

New ideas for innovation grow out of the minds of each new generation. Having an institution of higher learning that can help young people put those ideas into action is critical.

In order to protect against being disrupted, startups also need to recruit employees that are committed to life-long learning. The skills that made your team members valuable may not be the skills needed to take your company to the next level or to compete in emerging markets.

Every new startup business creates new opportunities. It doesnt matter whether you have a new app for college students or a home medical device for senior citizens there are other multibillion noncompetitive corporations that are spending millions of dollars trying to market their goods and services to your same audience.

Design is how you make your first impression with your consumers. Make sure it is a lasting one.

Whether by design or circumstance, every startup will eventually get disrupted.

“Wealth that can last generations can now be attained in the shortest time ever in history.”