Most entrepreneurs and venture investors describe themselves as small fish in large ponds with lots of competition, while those with actual competitive dominance describe themselves as dominating a niche—the opposite of how you would expect them to describe their position

factualpending

Speaker

Reed Hoffman

Evidence Quote

the folks who think that they might be a monopoly or like a monopoly describe themselves as small fish and large ponds...and then the people who actually have a lot of commentation we dominate you know...

Source

Reid Hoffman & Peter Thiel The Future of RevolutionsWorth Media
Created: 8/13/2026, 9:55:39 AM

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