A Quote by Scott Weiss
All great pitches have a few things in common: the founder/team is wicked smart, the idea is big and a breakthrough, and the market is potentially enormous.
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The founder of any branch must be more ingenious than the common man. However, if his achievement is not carried on by disciples of the same ingenuity, then things will only become formalized and get stuck in a cul-de-sac; whereby breakthrough and progress will be almost impossible.
People say, 'Dream big!' - but you have to think about the logistics. It's not just coming up with a great idea; it's how you can sell or market or promote that great idea.
Being a great founder or early team member is a difficult dialectic - you have to be a bit overconfident, and a big ego isn't always a bad thing. To change the world requires pushing really, really hard and believing you and your team know something others don't.
When smart people are nice, it's always terrifying, because I know they're taking in everything and thinking all kinds of smart and potentially judgmental things.
Every quarter, we give an award for a breakthrough idea even if it doesn't make it to market.
So as a founder, you have an authenticity and a human factor that is really special and that gives an enormous amount of energy and fuel. But as a founder, you’re also not as cold, maybe, or as pragmatic.
There's some people who say big philanthropy is not such a good idea, meaning that somehow you have enormous power and you're not elected and that that may not be such a good idea to have people with enormous wealth to have so much influence.
Smart tech investor thinks about: a) future product roadmap, b) bottoms-up market size & growth, c) talent and skill of team. Essentially you are valuing things that have not yet happened, and the likelihood of the CEO and team being able to make them happen. Finance people find this appalling, but investors who do this well can make a lot of money.
The ability to make big leaps of thought is a common denominator among the originators of breakthrough ideas.
In talking to founder after founder; I've heard almost visceral reactions to working for companies, even very cool ones with great things to work on and lots of opportunity, like Facebook, Google, or consulting firms.
Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.
With my business, the way you make big money is you find a great management team and a good concept, and you stick to it, and you add to it over time. In philanthropy, there was more this idea that once an idea was formulated, you moved along.
If someone pitches me a really great idea for an album, I would do it.
If you can get an out on one pitch, take it. Let the strikeouts come on the outstanding pitches. Winning is the big thing. If you throw a lot of pitches, before you know it, your arm is gone.
The Middle East would always be an important trading partner in just a market sense, like America is a big market for us, Asia is a big market, Europe is a big market. You are going to have hundreds of millions of consumers there, from just a standard market point of view, from a very narrow American point of view.
We have heard projects with some of the writers, who we've been in business with for a long time at the studio, that we've heard as a studio - often, pitches that are still in their formation stage where we or the writers have wanted our input on developing them. We've probably heard more pitches with the network hat on. Certainly all of the outside pitches are that way, and many of the pitches that have been in great shape coming out of the studio we've heard from a network perspective.
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