The Prof G Pod with Scott Galloway Office Hours: The Race to a Super App, When to Expand Your Board, and Deciding to Get an MBA as an Entrepreneur
Nov 15, 2021
The podcast dives into the competitive grocery delivery market, emphasizing the power of controlling consumer access. It discusses the rise of super apps and their potential to revolutionize the industry. Scott offers expert advice to a start-up founder on when to expand a board of directors. There's also a compelling debate on whether aspiring entrepreneurs should pursue an MBA, highlighting its value even for those who aim to work independently. Tune in for insights on navigating modern entrepreneurship!
AI Snips
Chapters
Transcript
Episode notes
Consumer Interface Power
- Control over the consumer interface is powerful.
- Companies like Uber and Instacart gain leverage by managing the final interaction with consumers.
Board Formation
- Form an advisory board early on for guidance and support.
- Establish a formal board with independent directors and investors after raising capital.
MBA for Entrepreneurs
- Apply to your target business schools to see if you get in.
- If accepted into a top program and entrepreneurship is your goal, an MBA can be very valuable despite famous dropout success stories.