People who like food do not necessarily make good starters ot restaurants. It's an enormously complex set of skills, and no one person has all those. Every business has that demand. And a team of people can bring a set of skills to the table. The execution is everything. Execution its tho o are appreciated in the world because we think the world of genius is worthless.
Michael Eisenberg, venture capitalist and the author of The Tree of Life and Prosperity talks with EconTalk host Russ Roberts about the secret of the Start-Up Nation, the role of principles in investing, and why he's optimistic about technology's contribution to humanity.