Decoder with Nilay Patel Recode Decode: Investors Mark Cuban and Steve Case and talent agent Scooter Braun (Live)
May 29, 2019
In a lively discussion, Mark Cuban, a billionaire investor and owner of the Dallas Mavericks, teams up with Steve Case, co-founder of AOL, to explore the entrepreneurial landscape beyond Silicon Valley. They share insights on how local hubs are reshaping innovation and the role of education in nurturing future founders. Meanwhile, talent agent Scooter Braun dives into the impact of social media on music, recounts his bold business moves, and emphasizes the need to balance gut instinct with data. It's a fascinating blend of business wisdom and entertainment strategy!
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Third Wave of the Internet
- The internet's "third wave" will integrate it seamlessly into sectors like healthcare and food, requiring partnerships and policy considerations.
- This wave presents investment opportunities outside Silicon Valley, where domain expertise and lower valuations are advantageous.
Startups Shifting
- While venture capital is concentrated in Silicon Valley, startups are becoming more distributed due to tech accessibility.
- This creates opportunities outside Silicon Valley due to lower costs and less competition.
Decentralized First Wave
- In the first wave of the internet, successful companies were distributed across the US.
- AOL was in Virginia, Sprint in Kansas City, and CompuServe in Ohio, demonstrating early internet's decentralized nature.