20VC: David Tisch on Why High Ownership and Concentration is BS | Why No Manager Actually Wants to Stay Small | Why Competing with the Mega Platforms is a Losing Game | Why the Lean Startup is a Fake?

01:10:43 · Harry Stebbings, David TischPlay from here

[01:10:43] S1: David, what what are you most excited about in the next ten years? [01:10:47] S0: I think seeing this play out. Where are we going? Where is the world going? It's, like, such a curious uncertainty right now. That's what makes this job a special opportunity, is you get to meet the people who are gonna answer that question and get to be part of their journey. I don't know. [01:11:06] S1: What is certain in the next five to ten years? [01:11:09] S0: What should be? Like, autonomous driving. That should be. Like, it irritates me that it's not today. Like, it would save lives. It would save... It would. The data on autonomous driving would save hundreds of thousands of lives worldwide if we just mandated it. But yet, like, freedom and all these other factors go into holding that back, but the technology is a solved thing. [01:11:34] S1: Well, mean, I'm not being rude. The technology is not like quite a solved thing for ambiguous cities, for challenging weather conditions. [01:11:41] S0: It's pretty soft. From a safety profile perspective, it's pretty soft. It's not perfect, but pretty soft. Like, if I told you pretty solved equals decrease of eighty percent of the deaths that automobiles cause, pretty soft. But freedom, like, I don't like that as a society, we don't adopt future things because we hold on to the wrong establishment. [01:12:08] S1: Well, it's because incentive design is is skewed in a lot of frameworks. [01:12:12] S0: I think I think modernizing society long term is the right way to to think. I think, like

01:12:12 · David Tisch, Harry StebbingsPlay from here

[01:12:12] S0: I think I think modernizing society long term is the right way to to think. I think, like [01:12:19] S1: And, you know, Joe, I I agree with you, and I I think it's kind of like the roll up play versus an entirely new company play. I think it's much easier to create an incredible AI first school from nothing than try and incentivize innovation in stale architectures. [01:12:35] S0: Or we should do both. [01:12:36] S1: You should know. You can try both, but it's Just much easier to [01:12:39] S0: move forward, right? And I think the politics, the social dynamics, the economic dynamics of all of the challenges in the world would be best served with practical decision making than charged decision making. And that, I hope, is where we find ourselves over time. Because if you end up in the age of abundance, I think it's important to figure out how does that benefit everybody and not just a few? And I think technology generally is an equalizer and a positive force. Hopefully, AI can move in ways that impact health, impact science, impact every industry, such that it benefits a global population in, you know, great ways. [01:13:30] S1: I think this was probably the most low friction conversation we've had. There wasn't, like, a [01:13:35] S0: traumatic Should we fight at the end? [01:13:36] S1: Well, I I don't know. I feel like we should at least try. [01:13:39] S0: We fought over you deciding venture

01:13:39 · David Tisch, Harry StebbingsPlay from here

[01:13:39] S0: We fought over you deciding venture [01:13:42] S1: It was the most nerdy venture fight. When you actually... We we fought about ownership versus diversification in portfolios. You're like, alright, guys. Calm down. Dude, I I love chatting to you. I I have so much... Regardless of me being wrong, I have so much respect for the business that you've built. [01:13:56] S0: Thanks for having me. I like coming on here.

01:14:00 · Harry StebbingsPlay from here

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01:16:34 · Harry StebbingsPlay from here

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