The insurance of tech is designed from the ground up for tech companies. When it's time to get insurance, save 10% on your first policy with Vouch at vouch.us slash acquired or click the link in the show notes. Apple has always been co-action when they come up with a new multi-billion dollar product line. They kind of knew how to build everything about the iPod already. And once they had the tiny hard drive, then great. All of our engineers know how to build something like this. If you're in the car business, if you go from green cars to red cars, almost 95% shared skill sets are needed. So Toyota can do it from
7 Powers author Hamilton Helmer and his Strategy Capital colleague Chenyi Shi join us again to discuss their latest research on a topic that’s highly relevant to the recent Acquired canon: how to build a second business line. This incredibly important “transforming” question faces every great company who has achieved initial product success (as well as their investors). Do we continue solely along the established path, or do we attempt to grow new branches on the tree? Some companies grow new businesses with tremendous success — Amazon and AWS, Nintendo and video games, Nvidia and CUDA — yet many others fail miserably. For the first time Hamilton and Chenyi share their research-based playbook on how companies should approach this decision and choose wisely. Tune in!
ACQ2 Show:
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Link to Hamilton's 2-Axis Chart
Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.