Image for post
Image for post

Earlier this month, I shared an idea about value creation. The idea is that, for many of us, we’ve mainly been focused on creating two types of value:

Utility Value — Just by providing a product or service customers deem worthy to use, you have created utility value. People are willing to spend the time using the product you created because of the benefits it offers. For instance, we use Instagram because it helps us laugh and share memories with others.

Monetary Value — A product with monetary value is a good or service that people pay for. When we…


Image for post
Image for post

Every generation has an opportunity. Today’s generation, with the help of previous generations, has helped redeemed the view of the for-profit company. We see the benefit in its existence and the value it provides to the world. Yet, just because you oversee or work at a for-profit company doesn’t mean that you’re automatically providing the right kind of value.

If you are running a for-profit company today, you have created a product that others are paying you for. …


Image for post
Image for post

A hammer is just a hammer. Without a vision for the home you want to build, you will just have a hammer and a bunch of raw materials. It’s your vision for the hammer that determines what it will ultimately be used for.

Our businesses are the same. A business is made up of people, technology, materials, and tools. You can use your business to provide value for customers, make money for yourself, or make a larger change in the world. It’s your vision for your business that determines what it will ultimately be used for.

Every morning, our entire…


Image for post
Image for post

Vision.

It captures our imagination, fills us with a sense of wonder, and gives language to what we see the world becoming.

And, when you think about the people who have vision, Elon Musk or Jeff Bezos may come to mind — people who seem to be building products ahead of their time. Or you may think about Bill Gates, or others who understand where our world is moving (in both good and bad ways) and are working to build a more just, equitable world.

Most of you reading this have vision, and probably even call yourself a “visionary.” You’re…


Image for post
Image for post

Every week I meet with Anna on my team to talk about the blog for the week. This past week we were laughing that the first blog I wrote in 2020 (and this is dead serious) was called It’s 2020 — Bring on the Problems. It was a blog all about how I planned to handle the problems that came my way this year, the final line being a paradox where I said — “Here’s to more and more problems coming our way in 2020.” — And that came true more than we could have possibly imagined.

As Anna and…


Image for post
Image for post

Misunderstandings are all around us, and no one enjoys being misunderstood.

They take place at the national level — daily. In the United States, a large minority of the country believes the presidential election was stolen from them, and another large minority can’t believe anyone would think that.

And, misunderstandings are happening more and more with so many of our interactions being virtual right now. I was on a call with Eric Smith at High Alpha venture studio this past week, who shared that his biggest regret of COVID is that he can’t see his colleagues’ microexpressions. He can’t see…


I’m Told To Be Thankful
We’ve all heard that gratitude is the answer to many problems. That being full of gratitude will help you be more resilient and happy, a better boss and partner, and a better human. But I’ve been skeptical when I’ve heard these comments before. So, I want to spend today’s blog asking, “how does being thankful actually help me do these things above?”

But first, some real-life examples of how people are finding gratitude in this difficult season —

Image for post
Image for post

The Research Behind Gratitude There is a surprising amount of scientific research on what consistent gratitude does…


Image for post
Image for post

“But now, let’s give each other a chance. It’s time to put away the harsh rhetoric. To lower the temperature. To see each other again. To listen to each other again. To make progress, we must stop treating our opponents as our enemy. We are not enemies.”

— Joe Biden, United States President-Elect, acceptance speech on November 7, 2020

A Story

At my university, I studied Interpersonal Communications, which is the study of how humans connect with one another both individually and collectively. …


Image for post
Image for post

About a decade ago, I was doing sales for a startup that offered a tech solution for pharmacies. We came across a government initiative (called the 340B program in the United States) that allowed pharmacies to make more money while serving low-income pharmacy customers, and our company’s tech solution would power the initiative.

As I went into pharmacies, I would normally walk in the door and say that I’m here to tell them about a great solution that would help the pharmacy get more business from new customers, powered by the easy-to-use technology we were offering. And when I asked…


Image for post
Image for post

What do you believe the world could become through your work?

I posed this question to all of the 156 accelerators, studios, and corporate innovation teams who joined me at the GAN and GSSN Summit last week, and it became the basis for our three-day Summit.

And while that question was posed to everyone attending Summit, it’s an incredibly important question for every one of us reading this blog today. Here’s why — how we answer it deeply affects what we do in our work, how we do our work, and the energy we will ultimately have because of our work.

What happens if we don’t have an answer to this question?

Most people don’t have an answer to this question or…

Patrick Riley

Helping to give startups the power to create and grow their business wherever they are as CEO of GAN: @GANconnect

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store