E003: People Cost, Panzerism, Asymmetric Risk, Shopify Layoffs, Flexport & More.
OPERATORS
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The Importance of Asymmetric Bets
Sean O'Brien: We want to create this huge portfolio of asymmetric bets with all the money we're spending across the year. If you've got 100 of those bets, now you're playing the odds and you're going to win big; that's what I tell our team. And my message to the team is, Hey, let's grow the pipe. Let me worry about getting the resources so that we're putting lots of chips on the table.
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