Steve Jobs: Cover Your Weaknesses

Be cognizant of your weaknesses and hire people who can cover those weaknesses. Steve Jobs' success was due in part to having deputies that covered his weaknesses and checked his worst impulses.

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My guest today is Palmer Luckey. Palmer is the founder of Defense company Anduril Industries, which makes next-generation military technology for the US and its allies. Since bringing the company to life in 2017, Palmer and Anduril have disrupted the established order in the Defense industry. Prior to Anduril, Palmer founded Oculus VR, a virtual reality business that he sold to Facebook for $2 billion.

Palmer is only in his early 30s, but he has already experienced more than most people will in a 40-year career. We talk about innovation, invention, differentiated thinking, and so much more. Please enjoy this great discussion with Palmer Luckey.

Listen to Patrick's Business Breakdown with Anduril CEO.

Listen to Founders Podcast

For the full show notes, transcript, and links to mentioned content, check out the episode page here.

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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.

Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.

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Show Notes:

(00:03:28) - The importance of synthetic long-chain hydrocarbon fuel

(00:09:37) - Ranking America's potential for innovation

(00:12:43) - Why there aren't more Thiel Fellowships

(00:14:56) - The principles that motivate and drive him

(00:18:21) - What it has been like working in the world of defense after the attack on Israel

(00:20:34) - Surprising lessons learned when building a large company

(00:24:02) - How to approach a new field initially

(00:28:45) - Meeting other out-of-the-box thinkers

(00:33:11) - Inventors working backward from existing systems versus forward from their ideals

(00:34:51) - The most pressing issue in national security

(00:41:01) - What matters most for America from a defense perspective