eries

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151.
by eries 4mo ago
I think the evidence shows that the answer is yes.
152.
by eries 4mo ago
I try to work through a few of these in the book. For example, the "social contagion" theory of layoffs from Stanford Professor Jeffrey Pfeffer. Also, in my previous book and this one, I draw on a concept I call "career equit
153.
by eries 4mo ago
All of them? Really? What's funny is when the book was published, I remember someone telling me that I should have included more examples of failed startups in the manuscript. I remember answering them, "Oh, I have. We just don&#x
154.
by eries 4mo ago
It is true that most companies fail the test of succession. Even in the comment that you've made here, we've left unanswered the question of who will decide who should be chosen as the successor? That is something that can be infl
155.
by eries 4mo ago
I honestly don't understand your comment, so let me try and recapitulate what I think you're saying and what I think I was saying, and then you can tell me where I missed the mark. What I hear you saying is that the original comme
156.
by eries 4mo ago
I'll just mention two which are also profiled in the book: 1. Devoted Health 2. The AI Underwriting Company (AIUC)
157.
by eries 4mo ago
Oh, and thank you for the kind words. It's much appreciated.
158.
by eries 4mo ago
I tend to use the metaphor of trying to carve the Grand Canyon with nothing more than water and gravity, but I appreciate you honoring and acknowledging the difficulty of this. Honestly, I don't have formal criteria. I have young kids
159.
by eries 4mo ago
One of the sad truths that the book tries to confront about the world we live in today: that most companies simply fail the test of succession. This does not have to be the reality that we live in. It is absolutely 100% possible to build or
160.
by eries 4mo ago
If those are your questions, I'm confident you're going to like the book a lot as it gets into precisely those topics. I will say, in general, I think AI is an amplifier of values, and so it will make the good companies better and
161.
by eries 4mo ago
Thank you. I really appreciate your kind words, and I consider myself deeply fortunate that I've been able to speak my mind freely on these topics, at least so far.
162.
by eries 4mo ago
You might want to ask yourself why, in all these years, you haven't heard of it. There's quite a few people invested in keeping it that way.
163.
by eries 4mo ago
I got so frustrated that this is so difficult for people at the early stages to do with most law firms that I actually helped start a new law firm (called Virgil) to do it properly. Virgil is an AI-powered law firm, but it doesn't let
164.
by eries 4mo ago
I appreciate that you're being honest about this challenge. In the book, I actually say that one of the problems with our modern economy is that we've created too many ways to make money without creating any value at all, in fact
165.
by eries 4mo ago
I'm not an academic, so no, I have not done any of these studies, but good news, everyone: other people have. The specific structure of Nova Nordisk is not just a foundation. I think the two-entity structure, where a foundation oversee
166.
by eries 4mo ago
yes, indeed! not only exploring, but (in the long run) fixing!
167.
by eries 4mo ago
this made me laugh, thank you for brightening my day. this is not just humor -- it's therapy.
168.
by eries 4mo ago
I love that you asked this question, although, of course, you didn't actually phrase it as a question, because this quote is literally in the book. I addressed this particular misconception as it relates specifically to Costco, because
169.
by eries 4mo ago
As the old joke goes, "Very, very carefully." I used AI extensively in the research, editing, and promotion phases of creating the book (and even shared screen with a few podcast hosts who wanted to see the solveit platform from A
170.
by eries 4mo ago
I wish I had read that blog post because that is one of the chapters in the new book. I actually think that the phrase "mission-driven" for most companies is a total lie. They are at best "mission-hopeful". In fact, I tr
171.
by eries 4mo ago
Any time you have a technological change, it's kind of confusing to figure out how it can apply to entrepreneurs. On the one hand, it makes it so much easier to create a new MVP, makes it easier to create distribution and to get connec
172.
by eries 4mo ago
I recently had the chance to meet Abigail Disney, who has been a very vocal critic of what's happened to her grandfather's ethos. It sounds quite sad.
173.
by eries 4mo ago
yeah, this is very much the challenge with writing any kind of business book: the book is frozen in time yet the companies grow and change. I tried really really hard not to put any company up on a pedestal, or even make any forward-looking
174.
by eries 4mo ago
Re: your point about being an author, that has always been my approach, too. For this new book, I took in a metric ton of customer feedback (I had over 600 test readers generate more than 10,000 comments) and it really helped the final prod
175.
by eries 4mo ago
Thank you for saying that. When I wrote that book, people like you were very much in my mind at the time. I'm really glad to hear you found it useful, even if the people around you didn't understand or support what you were trying
176.
by eries 4mo ago
I've just seen this problem up close and personal for a lot of years in a row. I'm sick and tired of helping people become rich and miserable, creating great companies only for them to be destroyed out of the gates. What is the po
177.
by eries 4mo ago
The book is loaded with examples, I promise. Let me clarify one thing, though, which is that when we call a company "good" or "bad" we can't mean something like absolutely good or evil. No human enterprise can ever
178.
by eries 4mo ago
it's funny, people constantly criticize LTSE because it hasn't made "enough" progress (you can see one such example already on HN below). But since nobody has ever done anything remotely like this before, I am not sure h
179.
by eries 4mo ago
You can just watch Lenny's Podcast and you'll see how those principles are alive and well :)
180.
by eries 4mo ago
I hate the word "exit" altogether. It's only the investors who are leaving Middle Earth; the rest of us are still try to make this thing work. I address your question in much more detail in the book, using examples as varied

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