The Prof G Pod with Scott Galloway Exploitation Economy
Jun 25, 2020
Jim McKelvey, co-founder of Square and author of "The Innovation Stack," shares his insights on the innovation landscape and entrepreneurship. He emphasizes the need for true innovation over replication and highlights how the pandemic has reshaped urban living and business opportunities. The conversation also critiques the shift from an innovation economy to an exploitation economy, sparking a discussion on societal engagement and the changing landscape of education and healthcare amidst disruption.
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College Experiences
- As president of the Interfraternity Council, Scott Galloway dealt with student incidents.
- These included a student's fractured skull and his treasurer's suicide, highlighting the emotional challenges of college.
Invention vs. Copying
- Copying existing solutions is usually best, unless the problem is novel.
- True invention is messy and requires solving unforeseen problems, even legal or customer-related ones.
Innovation Stacks
- Innovation stacks involve multiple innovations working together, not just one core competence.
- This creates a synergistic effect where the combined impact is greater than the sum of its parts.
