One of the things that hasn’t been talked about with Elizabeth Holmes:
She was created in the era of the Ted Talk Entrepreneur.
Between 2011-2015 (after the release of the Social Network), there was an entire apparatus built around “Child Prodigies”: college accelerators, young entrepreneur organizations, etc.
I watched countless founders of hard tech companies present fraudulent products at conferences. They had fake studies with fudged numbers. Most of the adults in the room excused it as “faking it ‘til you make it.” But Holmes was the one who rode the wave better than anyone else.
When the Ted Talk Era came to an end and people finally came to their senses, she was still running the same playbook—and in the most scrutinized field there is: medical technology.
When people ask how she got so far, it’s largely explained by the period she did it in. And she got caught when the world suddenly woke up.
Technical moats are mostly over at this point. If you’re building something that is meant to be durable, the only moats now are:
• Proprietary data
• Network effects
• A physical component
One of the most compelling parts about working at an ElonCo was the agility to pivot to whatever the most important problem was.
One day I said: I wasn’t hired to go after spam, but a tsunami is coming and I’m going to drop everything to focus on that.
The org is so flat and agile that your title is basically meaningless. Anyone can sound the alarm about a problem and solve it themselves—or rally the team to join them.
This is how startups work but it’s very hard to make it work in a larger company.
The world is going to be alright, guys.
Keep having kids, loving your family, and starting and building businesses and institutions. Don’t live in fear.
Leaders have big responsibilities and challenges ahead, but it doesn’t help to scare everyone. We are on top of it.
@maxigrillo Fue una pregunta directa del capitán del equipo que era muy fácil de responder. Vos elegiste el camino de quedar bien con tus jefes bosteros.