Not Investment Advice 172: George Mack (Part 2) - UK vs. US, The Office & Lessons from Oasis
Jul 10, 2024
George Mack discusses UK vs. US differences and entrepreneurship. The conversation shifts to the cultural contrasts between British and American comedy, focusing on TV shows like The Office. Then, a deep dive into Oasis's significance in the music industry and their chaotic dynamics. The speakers also touch on challenging consumer desires in music and fashion, the importance of embracing individuality, and revenue generation strategies like bundling products for customer value.
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Consumers Don't Know What They Want
- Consumers often don't know what they want but can love what is given to them.
- Innovation drives culture forward rather than customer demands or focus groups.
UK Entrepreneurship Lags Due to Regulation
- UK students have the intellectual capacity for startups but start businesses less than Americans.
- UK entrepreneurs face more regulatory and bureaucratic hurdles than US counterparts.
Regulation Slows Digital Innovation
- European digital regulations add complex rules and massive fines, slowing innovation.
- This discourages companies from operating in Europe, hurting smaller businesses more than incumbents.