Jason M. Lemkin says CEOs must be honest about why their company is better than competitors. Know roughly 7 to 8 out of 10 answers in your domain. If you don't know something, say so and follow up, but saying "I don't know" too often signals failure.
Chapters
Why are you 10x better? Don't be cagey. The best founders, I can tell you, are not cagey. And I know it's hard. I know we haven't, many of us haven't done it before. I know it's can be intimidating. You can be insecure, but this is your job. You're the CEO. Be honest. And if you don't know the answer, just say that. I don't know the answer. And if you should know the answer and don't know the answer, it's okay to say that too. Listen, you should say, I should know that answer. I've been in this space for a decade, but I don't. I'll get back to you on it, but it's a great question and I should know the answer. Look, if you, if you say that to every single question, it's a, it's a fail, but you can say it once or twice. It's okay to know 8 out of 10 of the answers, even in your industry, 7 out of the 10.