Founders

#291 David Packard (Founder of HP)

268 snips
Feb 20, 2023
David Packard's vision emphasized societal contributions over mere profits, shaping HP's legacy. The podcast highlights the company's humble beginnings and their groundbreaking innovations, including the audio oscillator. It delves into lessons learned from Japan on quality and adaptability, which transformed their approach to growth. Additionally, insights from Warren Buffett illuminate the nuances of selling a business, contrasting with modern business models. The discussion also touches on the importance of quality and detail in today's tech landscape.
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INSIGHT

Contribution Over Profit

  • David Packard prioritized contribution over profit maximization.
  • This focus created a virtuous cycle of success, enabling greater contributions.
ADVICE

Customer Satisfaction First

  • Prioritize customer satisfaction above all else.
  • If you can't achieve this, find someone who can.
ANECDOTE

Jobs's Inspiration

  • Steve Jobs, inspired by Packard, sought to build a lasting company.
  • Jobs's goal was to create a company that would outlive him, just like HP.
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