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- Why Startups Outperform Big Companies: Insights from Mark Zuckerberg
Why Startups Outperform Big Companies: Insights from Mark Zuckerberg
Discover the reasons why startups often surpass big companies, as explained by Mark Zuckerberg. Learn how factors such as speed, conviction, and talent play a crucial role in the success of startups like Facebook over established corporations.
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Video Transcript
there may be some larger company that
has some distribution Advantage but like
I don't know large companies are slow
and they lack conviction one of the the
the kind of things that I've thought
about from time to time is like why was
it the case that we were able to build
Facebook and that some other company
didn't right it wasn't like it was a
super novel idea right it's I mean there
was Friendster before there Myspace
there's all this stuff Google Microsoft
Yahoo they all like had versions of it
why why didn't they do it it's not that
they had a lack of talent right I mean
we were like a rag tag group of children
right it's like um and and they they had
like all these like serious you know
engineers and like serious
infrastructure and so I I kind of think
the the reason is because people Doubt
new ideas before they come to fruition
right so the narrative with with social
networking is like ah it's just like
this college kid thing it's like okay
fine maybe not college kids but it's
probably a fad oh okay maybe it seems
like it's going to be around for a while
but it's probably not going to make
money oh it's making money but the
switch to mobile is going to be pretty
hard and then it's like okay by the time
we figured that out it was too late for
anyone the companies have lost their
advantage and so what was the issue I
don't know there's like like there's
probably some team buried deep inside
those companies that believed in it and
probably some like VP person who is like
eh that's probably not the biggest
priority and just like you know pour
some like I don't know sand in the gears
or whatever your analogy you want even
for the things that look like they
belong to large companies as
opportunities because they they have a
big distribution Advantage I would guess
that big companies are going to Fumble
two-thirds of those
right and then there are all these
