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by waxman
1869 days ago
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A practical application of this perspective, and one that has a lot of virtues is: When evaluating a crazy new idea (particularly something like a product or business), don't bother asking "will this work?" because no one truly knows, but rather ask: "if this does work, then what are the implications?" Pg has quite a track record here by being an early investor in textbook crazy new ideas like Airbnb, Coinbase, etc. "Will this replace a chunk of the hotel market? Unclear, but if it does, it will be a huge and valuable business." For folks talking about Mighty, its through this lens that pg is thinking about it. "Will it work? Is it better than alternatives? Who knows... But if the vision does pan out, I think it's more obvious to see how this could be a big and important business." |
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