FastSaying
If you choose a market that already exists, say, networking equipment, you have to compete with an established company like Cisco. Even if your product is marginally better, Cisco can fudge it and outsell you.
Douglas Leone
Better
Choose
Company
Compete
Equipment
Established
Even
Exists
Like
Market
Networking
Product
Say
You
Your
Related Quotes
If you start a successful company in China at 11 A.M., by 2 P.M. there's three more companies like it.
— Douglas Leone
China
Companies
Company
In a globalized world, one application can spread like wildfire and there's only one winning company, which means you have to invest more than you've ever had.
— Douglas Leone
Application
Company
Ever
The trick is, a market has to be nonexistent when you start. If the market is large early on, you will have too many competitors. You have to make it large.
— Douglas Leone
Competitors
Early
Large
Be incredibly, ruthlessly selfish with your equity.
— Douglas Leone
Equity
Incredibly
Selfish
We see China as a large market opportunity with similar cyclical economic cycles that occur throughout every economy.
— Douglas Leone
China
Cycles
Cyclical