Director & Global Head of Amazon Prime Growth | Past: Principal @ booz&co, free markets @ChicagoBooth, dishwasher @virginia_tech | 🇮🇳🇺🇸 | Opinions are own
@pitdesi I remember the exact day Netflix went from CDs to streaming and Reed had publicly stated that they are going to make the switch. The market tanked Netflix and everyone asked why Reed would want to go towards something untested. But he stayed the course and reinvested an industry
Took Meta AI app for a spin. Its interesting. Wonder if people showing off their AI prompts / creations (vs hand curated content) becomes the new social media. Meta has been relentless in integrating AI since the last 18+ months.
When me and my friend were losing our shirt with our investment in Meta, I tried consoling us by saying let’s stay invested bcos Mark is a rare entrepreneur and will figure it out. Here is Meta integrating AI in WhatsApp to make it an every day habit for the masses. 🫡
@puneetiitm My question is coming from a point of seeking to understand - why don’t VCs know about this in the companies they invested in. Don’t startups have boards and audit committees?
@Austen 20-25% of Harvards research grant goes to Admin. While there are other non profits with <5%, these are ones without infrastructure costs. St.Judes is around 18-20% n I am happy to give to them every year. As long as they are doing something that is net +ve, i am ok