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(Bonus Bonus) The Alfred P. Sloan Era of the Internet Era

Apr 26, 2020
A deep dive into the evolving internet landscape reveals critical insights on economic strategies for startups. The discussion emphasizes the need for aggressive growth in a mature market while spotlighting sectors ready for disruption. Historical technological shifts are explored, highlighting their influence on capitalism and the opportunities they present. Contrasting approaches to entrepreneurship highlight the importance of refined strategies over mere invention, urging innovators to adapt and thrive in a competitive tech industry.
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INSIGHT

Paradigm Shifts

  • Fundamental paradigm shifts don't occur frequently in capitalism.
  • The internet era's shift to digital technology is one of only three such shifts in history.
INSIGHT

Post-Shift Genius

  • After a paradigm shift matures, building fortunes just by recognizing historical trends becomes rarer.
  • It requires a different kind of genius to build lasting businesses after the initial shift.
ANECDOTE

Ford vs. Sloan

  • Henry Ford's invention of the car is an example of Big Bang entrepreneurship.
  • Alfred Sloan's creation of the auto industry demonstrates success in post-Big Bang consolidation.
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