The Prof G Pod with Scott Galloway Office Hours: Coinbase’s IPO, Higher Ed, Mentors, and Building Great Teams
Apr 19, 2021
Scott explores the potential of Coinbase, comparing it to the early days of AOL in the crypto world. He emphasizes the importance of mentorship in tech and his unique hiring strategies focused on referrals. The discussion shifts to the evolution of higher education, advocating for a hybrid model post-COVID. There's a critique of rising costs in education and the need for reforms to enhance accessibility. The hosts also share fun personal anecdotes and practical advice on evaluating job opportunities.
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Coinbase and AOL
- Coinbase's success, like AOL's, stems from simplifying a complex new technology (crypto/internet).
- However, Coinbase's high fees and centralized nature might be its weakness in a decentralized crypto world.
AOL's E-Commerce Dominance
- Scott Galloway recounts his experience with AOL, including his pet supply startup Aardvark and Red Envelope's reliance on AOL's marketplace.
- He highlights AOL's then-dominance in e-commerce, likening it to Amazon's current position.
Hybrid Higher Ed
- Higher education needs a hybrid approach, blending online and in-person learning for cost-effectiveness and broader access.
- Scott Galloway criticizes elite universities' focus on exclusivity over expanding educational opportunities.