Chapter
The Advantage of Startups in Running Experiments
31:55 - 35:40 (03:44)
Startups have an advantage over big companies since they are more willing to run experiments, even if it means failing. Unlike large companies that may abandon an experiment after one failure, startups will continue testing out new ideas and approaches.
Clips
This podcast highlights Jeff Bezos' organizational framework at Amazon, which is not well understood by many people.
31:55 - 32:39 (00:43)
Amazon
Summary
This podcast highlights Jeff Bezos' organizational framework at Amazon, which is not well understood by many people. The speaker shares a personal story about an Uber driver who had to meet at an Amazon warehouse at a certain time.
ChapterThe Advantage of Startups in Running Experiments
Episode#655: In Case You Missed It: January 2023 Recap of "The Tim Ferriss Show"
PodcastThe Tim Ferriss Show
Big companies tend to quit quickly if an experiment fails, while startups can thrive by continuing to experiment until they find the best solution.
32:39 - 35:40 (03:01)
Startup
Summary
Big companies tend to quit quickly if an experiment fails, while startups can thrive by continuing to experiment until they find the best solution. This puts startups on a level playing field with bigger companies despite their limited resources.