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#9 - Joe Lonsdale on Everything
The Network State Podcast
Innovation in Startups and Solutions for Broken Systems
In Silicon Valley, the traditional garage startup model is no longer as feasible due to excess funding in industries like biotech. It is unnecessary to have large teams and use expensive prepackaged materials in biotech, offering opportunities for cost-effective and innovative approaches. There is value in finding cheaper and scrappier ways to achieve goals, similar to making your own coffee instead of buying pre-made. Venture capitalists focus on building companies that address issues in healthcare and defense, choosing to tackle broken systems in society. Leaders should aim to solve the overlooked broken aspects of society, as they often present significant opportunities for improvement.
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