What to Do When People Shamelessly Steal Your Stuff [Hint: Get Over It] | Ep 720

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 5 June 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

“You should want to have as many people as possible copying you because it means you're leading the way.” Today, Alex (@AlexHormozi) challenges the concept of thought ownership and highlights the importance of viewing competition as an opportunity for growth. He emphasizes serving customers, improving your product, and achieving success through innovation, rather than obsessing over intellectual property theft.

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(0:31) - Thought ownership: a misguided notion

(2:36) - Real-world examples of idea theft

(3:12) - Legal realities and futility

(4:25) - The competitive nature of business

(9:28) - Focus on customers, not competitors

(14:27) - No idea is owned especially in business

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Transcript

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0:00.0	If you're the winner, people are going to copy your stuff, rather than
0:04.1	ching and moaning about it, get used to it, and win. I talk to business owners
0:08.9	obviously a lot now, and I see this recurring theme among losers.
0:17.0	And the thing is that I used to think this way.
0:20.0	And so I want to half talk to my older self, I'm half making this for our portfolio founder, you know who you are.
0:26.0	And I think I might get a little spirited today.
0:31.0	And so the idea is around thought ownership. And so it's this idea
0:37.0	that you have when you're a kid that if you have an idea or you have a joke that it somehow belongs to you.
0:45.0	It's like when you figure out that 1 plus 1 equals 2 and you tell somebody else,
0:48.0	you believe that for the rest of their lives, that 1 plus 1 equals 2 belongs to you. But the thing is that no one owns truth. Number one, period. No one owns truth. And the fundamental idea of how human beings learn in general is through replication
1:06.8	and remixing, right? Everything that you have ever done has come from someone else that
1:11.8	you have remixed in some way and the degree to which it was
1:14.7	remixed is the degree to which it was original. Now the reason that I think this is important to
1:20.3	delineate is that this is how kids in kindergarten get into fights. This is how
1:25.8	siblings in the backseat of the van get into fights. That's mine. That was my
1:30.6	idea. But in the world of business,
1:33.8	basically nothing is yours.
1:36.2	And so I want to really, really drive my thumb
1:38.7	into this wound, because there was a portfolio
1:41.4	company who was like, hey, you know, I was making content about this stuff and one of my competitors started making content about that stuff and they're stealing my ideas.
1:50.0	They're stealing my ideas.
1:54.0	First off, no one's, first off, they weren't your ideas to begin with.
	...

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