From 600+ conversations with the world’s leading thinkers.
You cannot govern a 21st century globalised business with the management style of an 18th century trading firm. In the same way, the modes (and rationale) of governance must be brought up-to-speed with the nature of the citizens they are responsible for.
People should adopt a fearlessness where they are trying new things, but then accept that by doing this- a certain percentage of things will fail. Failure is not a necessary evil, but rather- it is a positive part of on-going progress.
It's quite rare to enhance the product experience and simultaneously challenge an existing business model. Typically, you manage to achieve either one or the other. However, Perplexity introduces a superior product experience by saving users time and eliminating the need for them to click through links. This disruption is nothing short of revolutionary.
You only get to really redesign markets root and branch when they are failing so dramatically that everyone acknowledges it. Markets are a little like language. It's hard to change the spelling of certain words in the English language, even though those spellings are dysfunctional. Markets that are getting-along but not doing as well as they could are very hard to change.
Kodak had been living in linear-time, something which is intuitive to most of us, where we think in days, weeks, months, years… The world had already started to shift when people like Steve Jobs started to take-advantage of the fact that you could connect the dots.
Life is moving so fast now. It used to be 50–100-year cycles between great inventions. Now every year we have game-changing inventions and innovations. You might think you're working on something utterly game changing, but there's a chance that a couple of months from now, you will be totally superseded.
You should try and copy everything you possibly can! It's just that if you run out of alternatives, if you run out of options to copy, you will realise that your entire life has conditioned you to not only be a great copier, but to hesitate when copying is no longer an option.
From around 2007 onwards, a new era dawned, marked by the widespread adoption of smartphones, essentially equipping every person with a sensor device. In tandem, social media platforms proliferated, facilitating incessant information sharing. Concurrently, Google services like Earth and Street View began to provide unprecedented access to geospatial data, granting us both the means and the method to verify a plethora of information.
Most of the time, startup ideas don't work. Most of the time, the world stays as it is. The status quo has an advantage; it has a built-in upper hand. For a startup to win, it has to be not merely better than what's there; it has to propose something radically different, something that never could have existed before, something that can't be compared to anything that's happened.
Humans often come together by believing in ideas that may only exist in our imaginations. We have an ability to imagine together, to merge our ideas as a collective, which can slowly move us toward a future once believed to be impossible. This is part of what changes us from being simple animals to a group that will soon travel to Mars and perhaps even further. To me that is magic.
Growing up in West Virginia, we were at the forefront economically— the chemical and coal mining center of the world. However, due to an inability to adapt to changing market dynamics and transitions, our position plummeted to the bottom ranks among the US states... I firmly advocate the idea of reinventing oneself every 5 years.
We adopted a National Strategy for Entrepreneurship: Startup Portugal. A strategy that aims to make Portugal the ideal space to create, test, fail and try again.