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A batch of the best highlights from what Louis's read, .

If you do not undertake a risk of real harm, reparable or even potentially irreparable, from an adventure, it is not an adventure.

Skin_In_The_Game

louis.beaumont@gmail.com

Our task today is to find singular ways to create the new things that will make the future not just different, but better to go from 0 to 1. The essential first step is to think for yourself. Only by seeing our world anew, as fresh and strange as it was to the ancients who saw it first, can we both re-create it and preserve it for the future.

Zero to One

Peter Phiel

Only technical individuals innovate Summary: Sri Ram: Big companies are in this new model of managerial capitalism. What we do is we fund the throwbacks, such as Elon Musk and Henry Ford. He says managers don't expose themselves to risks involved in doing new things. "I think one of the world needs the bourgeois capitalist model," he says. Transcript: Speaker 1 You're going to need this management class. I go through all this to basically say, this then is the lens that I now provide basically for what we do in venture capital, what we do in startups, which basically, the way to think about it is the big companies, like the Fortune 500 and the big tech companies, are they are in this new model of managerial capitalism. At your point, Sri Ram, it's like, you can very clearly see that because you read the executive biographies and it's like, and you see it. It's like Harvard Business School, Stanford Business School, McKinsey, Goldman Sachs. It's like all the above administration. It's all the markers of people who have kind of been in this elite management kind of role and now they're running these companies. What we do is we fund the throwbacks. And Elon Musk, we'll just use the example. Elon's a throwback. Elon's a throwback to Henry Ford. He's a throwback to the prior era of what Burnham called bourgeois capitalism, which is basically owner, proprietor, dictator of the company. And why do we do this? It's because companies that are run in the managerial mode don't do new things. Why do they do new things? Because managers don't do new things. The whole point of being a manager is that you don't expose yourself to the kind of risks involved in doing new things. You don't just try to basically stand that control job for as long as possible. I think one of the world needs the bourgeois capitalist model and they need the entrepreneurs to actually do what they do for anything new to happen. And so we basically keep that. We keep basically the original form of capitalism alive.

Marc Andreessen on Elon Musk, Good Startup Ideas, How to Have the Courage to Think Independently and Finding a Co-Founder

Aarthi and Sriram's Good Time Show

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