Chapter
The Advantages of Hack Experiments for Startups
1:35:05 - 1:40:31 (05:25)
Startups can use hack experiments to compete with larger companies who usually run one test and quit if it fails. Large companies often lack the comfort level to run these types of experiments due to accounting and other concerns.
Clips
The radical scale of today's companies means that the chairman role is not touching all the decisions.
1:35:05 - 1:36:55 (01:50)
Jeff Bezos' Leadership
Summary
The radical scale of today's companies means that the chairman role is not touching all the decisions. Jeff Bezos' visionary leadership adapts to the optionality of disruptive technologies.
ChapterThe Advantages of Hack Experiments for Startups
Episode#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More
PodcastThe Tim Ferriss Show
Startups can compete with big companies in experimentation because the latter usually runs one test and if it fails they quit, while startups keep trying even with small experiments.
1:36:55 - 1:40:31 (03:35)
Startups, Big Companies
Summary
Startups can compete with big companies in experimentation because the latter usually runs one test and if it fails they quit, while startups keep trying even with small experiments. Big companies tend to avoid hack experiments, which startups use to gain an edge over their competitors.