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20VC: Lessons from Mark Zuckerberg, Keith Rabois & Tobi Lütke | Why Remote is a Bad Idea for 90% of Companies | The Framework for How Shopify Builds Product Today | What Humans Get Wrong About Marriage and Kids with Kaz Nejatian, COO @ Shopify
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Embrace Risk, Learn from Process
Meta's Mark Zuckerberg exemplifies an unparalleled understanding of risk management, enabling a greater risk tolerance than many competitors. The company’s willingness to implement substantial changes early on, such as the creation of the newsfeed and the introduction of features like the 'like' button, showcases a transformative approach that most founders hesitate to undertake. Investment in augmented and virtual reality technologies, despite skepticism, signifies a forward-thinking vision akin to a potential 'iPhone moment' with products like the Ray-Ban smart glasses. Additionally, Meta has underestimated the importance of public perception, allowing negative narratives to take root due to a focus on internal execution. This lack of external communication has caused short-term challenges, although the long-term impact of Meta's innovations and the emergence of successful founders from the company remains significant, surpassing other tech firms in nurturing new businesses.
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