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pillpack was a huge huge thing for me yeah bought by Amazon for over a billion dollars
a lot of people say oh oh Amazon not good well Amazon is good here yeah get rid of great for of all the middle players in pharma get Pharma manufacturers to Amazon reduce prices riot I mean it's amazing
one of my mentors in the business the person actually who told who basically blocked the googly
the Mohr davidow partner who refused to let you invest in Google and laid on the tracks and block the Google
you can have a if you don't have a great leader for a company you're kind of toast dead in the water I mean you need the leader for vision drive for persistence for execution that's that's the person that inspires everyone in the company
there's always room for improvement and for a breakout success even in a category that's crowded
there was one person who basically laid down on the railroad tracks and said these guys are totally arrogant who needs another search engine oh these guys these guys won't take coaching literally there's one person in the room who's basically destroyed the Google bet thank you completely blocked it just blocked it yeah in front the train said over my dead body were not doing this and the reason given is Larry and Sergey are arrogant arrogant won't take coaching and who needs yet another search e
you look at PayPal and now it's like stripe and square and cryptocurrency yeah they were that was like a version of crypto right which is it was the pre crypto version which was how do we replace fiat money
I thought it was too early yeah and it was we didn't invest Oh brutal and this is a case in venture where you can be right and wrong you can be right conceptually but absolutely wrong in the financial outcome so you're right it's too early for a bank but they still won because they pivoted and iterate because they merged with con finiti right
Elon was smart enough to take cash yes a hundred million off that it was like a three hundred million dollars I mean it was less less yeah I'll let him tell you right but that was the first that was where he got his first chunk of cash and then he started XCOM yeah which merged with you know Peter MPL and David sacks and Max's Max leviton's infinity right you know which was their idea about using replacing fiat money right
David Sachs came up with the product idea let's just email each other money as opposed we're just becoming the payment method right for eBay right and then they really had something
the people that went through his the first batch of people had had scores that matched people at stanford
but the returns these days are a very bipolarized bipolarized yes speaking of the previous discussion exactly bipolarized yeah and it's it's they're they're driven by people who want to change the world it's not like the gaussian returns of the 90s right or like about everything comes out and is worth two to five hundred million dollars right
I'd rather have the person running it who wants to disrupt the company instead of being disrupted by competitor
we got a chance to invest eight million to Google at 48 post 48 post and we were voted down
Larry's specific comment I think for where they're going it's the right thing to do otherwise social will always be uh uh feature yeah so he's got to steer the whole organization say hey we're on this page right I'm on this page are you going to be on this page right so maybe you have to be a little bit bombastic and a little bit strong in how you say it to shake people up and get their attention