Shai Agassi, former Executive Board Member of SAP AG, explains that the difference between success and failure is timing. It is important that you persevere to close the distance between them, he says.
Agassi talks about the importance of money and its role in shaping the way entrepreneurs think about their businesses. An entrepreneur should not build a company to make money, he emphasizes.
Agassi explains the physics of startups. He draws an analogy between pendulum swings and corporations. Employees see kinetic energy, while the CEO sees potential energy. The sum of both is constant, he says.
Agassi talks about an inspirational encounter with renowned author Jim Collins, who told him about three circles of questions that would help him find happiness. These include: 1) What are you passionate about? 2) What are you best at in the world? and 3) What is the economic driver?