Phil Knight

Once again I’m telling a roomful of people that something is possible, that something can be successful, when in fact I don’t really know. I’m speaking from theory, faith, and bluster, like every groom. And every bride. It would be up to me and Penny to prove the truth of what we said that day.

And for those who urge entrepreneurs to never give up? Charlatans. Sometimes you have to give up. Sometimes knowing when to give up, when to try something else, is genius. Giving up doesn’t mean stopping. Don’t ever stop.

We’re also finishing construction on a new athletic facility, which we plan to dedicate to our mothers, Dot and Lota. On a plaque next to the entrance will go an inscription: Because mothers are our first coaches.

We’d kick around this question of ultimate goals. This question of winning and losing. Money wasn’t our aim, we agreed. Money wasn’t our end game. But whatever our aim or end, money was the only means to get there. More money than we had on hand.

Fear of failure, I thought, will never be our downfall as a company. Not that any of us thought we wouldn’t fail; in fact we had every expectation that we would. But when we did fail, we had faith that we’d do it fast, learn from it, and be better for it.

Pre was most famous for saying, ‘Somebody may beat me—but they’re going to have to bleed to do it.’