The venture capital model, in many respects, is not about having a great strategy and then finding the right team to implement it. It's its funning a whole bunch of teams, get the ones at get traction, and then build up from there. And so strategy is very much a follow on to initial execution, initially gaining product market fit. Even with the large company, see failures all the time. Gog in particular, thing is notorious for this, for watting products all the time that never succeed. But it doesn't matter, because they have that core product with the huge network of facts that lets them do that and fail. I mean, a amazons made entire business
Not only is Ben Thompson's Stratechery frequently mentioned on MR, but such is Tyler's fandom that the newsletter even made its way onto the reading list for one of his PhD courses. Ben's based in Taiwan, so when he recently visited DC, Tyler quickly took advantage of the chance for an in-person dialogue.
In this conversation they talk about the business side of tech and more, including whether tech titans are good at PR, whether conglomerate synergies exist, Amazon's foray into health care, why anyone needs an Apple Watch or an Alexa, growing up in small-town Wisconsin, his pragmatic book-reading style, whether MBAs are overrated, the prospects for the Milwaukee Bucks, NBA rule changes, the future of the tech industries in China and India, and why Taiwanese breakfast is the best breakfast.
Read a full transcript enhanced with helpful links.
Recorded October 15th, 2018 Other ways to connect