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David Eckstein

๐Ÿ‘ค Speaker
287 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And when you break your stroke, you slow down.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And that 0.1 millisecond that you end up slowing down might mean the difference between winning and losing that race.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And so that's something that we teach all of our Ligurians is just focus on finishing that race as hard as you can and hitting that wall.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And that's what I say about competition.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Competition is a forcing function because you want to win your customer's trust.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And without competition, you are not constantly earning the right to get that customer's renewal or earn that customer's initial check.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And they don't have another option.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

But I can't think of a single industry where there's one vendor and there's no other option.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Every single industry has multiple options because there's a large market out there.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Now, the question that we have to ask ourselves is, is this a winner-take-all market or is this a winner-take-most market?

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And we wake up every day with this concept called blodsmak, which is a Swedish term, which is you wake up with the metallic taste of blood in your mouth.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And we like to live with that concept because we believe in intensity.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We want to work as if there is no second place.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

There's only first place.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We started after the market was created and we not only want to catch up, we want to surpass the rest of the market.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And that means we have to out-innovate.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have to out-think.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have to stay close to our customers.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have to operate with a deep sense of humility.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And because of that, we have done an incredible job over the last two years.