Chapter
Conceptual Difficulties of a Business Model
49:44 - 57:14 (07:30)
The speaker expresses confusion about a business model that lacks a clear path for success and struggles to follow a fast-paced conversation about innovative ideas.
Clips
John Boyd, an Air Force flight instructor, developed a technique to beat any pilot in a simulated dogfight in just a few seconds.
49:44 - 53:00 (03:16)
Summary
John Boyd, an Air Force flight instructor, developed a technique to beat any pilot in a simulated dogfight in just a few seconds. His ideas helped in the creation of the F-16 fighter jet which changed direction faster than the Russian MIG, despite not being faster.
ChapterConceptual Difficulties of a Business Model
Episode#286: The Man Who Taught Me How to Invest
PodcastThe Tim Ferriss Show
The concept of speed-based competition is discussed, with the idea being that being fast can allow you to succeed even if your initial ideas are wrong.
53:00 - 55:28 (02:28)
Summary
The concept of speed-based competition is discussed, with the idea being that being fast can allow you to succeed even if your initial ideas are wrong.
ChapterConceptual Difficulties of a Business Model
Episode#286: The Man Who Taught Me How to Invest
PodcastThe Tim Ferriss Show
In the early stages of a startup, it is crucial to have someone who is passionately and authentically dedicated to the idea and the founder.
55:28 - 57:14 (01:46)
Summary
In the early stages of a startup, it is crucial to have someone who is passionately and authentically dedicated to the idea and the founder. This unconditional love and willingness to protect and defend the idea is what helps overcome challenges.