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To graduates: Michael Dell (Dell), Bill Gates (Microsoft), Steve Jobs (Apple), Mike Lazaridis (RIM), and John Mackey (Whole Foods) all dropped out to start businesses. Time: the relentless and uncompromising performance metric.

  1. The difference between an idea and a profit-making business is the difference between an amoeba and a human being
  2. Capability
  3. To outperform, you don’t have to be perfect, you just have to beat the competition more often than it beats you.
  4. Context
  5. Grown-ups know that compromises are better than analysis paralysis
  6. Commitment