Founders

#23 The New New Thing: A Silicon Valley Story

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Apr 7, 2018
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INSIGHT

New Growth Theory

  • Wealth creation comes from new ideas and technologies, not just old resources.
  • Societies that encourage risk-taking and nonconformism foster innovation and wealth.
INSIGHT

Software's Rise

  • Engineers are creating wealth by developing new software applications, not just hardware.
  • This shifts the focus from building better machines to creating innovative uses for them.
INSIGHT

Impatience as a Virtue

  • Jim Clark's impatience and constant need for change drove his success.
  • He believed that impatience is a commercial virtue, essential for new company creation.
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