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September 10, 2012

Value creation versus value capture.

Was over reading some thoughts from Fred Wilson at AVC.  Somehow I’d never really captured the O’Reilly Doctrine the right way:

Create more value than you capture.

That should be the mission of every business out there.  If you aren’t creating value for someone what the hell are you doing in business?  If you aren’t willing to take a few risks and put yourself out there what the hell are you doing running a business?

Business is the ultimate risk.  You are responsible for delivering.  You are responsible for people.  You are responsible to make yourself successful.  You are responsible for your customers.  If you aren’t those things, I ask again, what the hell are you doing in business?

Don’t choose to coast and pick up where others leave off.  Choose to stand up and do.

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