We gain knowledge in one of two ways:
This idea โ distinguishing between creating and spreading knowledge โ is incredibly useful for product managers, leaders, and entrepreneurs. It helps you quickly and cheaply pick the right strategy for almost any situation.
When Iโm making a decision, I ask myself:
๐ค โAm I creating new knowledge, or am I working with something someone else has already figured out?โ
If itโs new knowledge, I treat it like a hypothesis to test.
If someone else has done it before, I start looking for their insights. A 30-minute call with an expert can save you weeks of experimentation.
For example, you have 20 operations managers and want to improve your average ticket resolution time. Instead of reinventing the wheel:
You lead 10 product teams across 3 major products:
Sure, some businesses are built on newly created knowledge:
But many are built on existing ideas:
Peter Thiel writes about this in Zero to One โ his point is:
๐ก Great founders aim to create new knowledge, not just repeat what others have done.
His framework:
The โZero to Oneโ path has higher risk โ but also higher reward. โOne to Infinityโ is safer, but typically less rewarding.
Even if your startup begins with a big, original idea โ a novel product, model, or technology โ once the initial hypotheses are validated, your job becomes distributing that knowledge:
So in reality, the day-to-day of business is mostly about spreading existing knowledge.