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Why Startups Outperform Big Companies: Insights from Mark Zuckerberg

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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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0:00
there may be some larger company that
0:01
has some distribution Advantage but like
0:04
I don't know large companies are slow
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and they lack conviction one of the the
0:08
the kind of things that I've thought
0:09
about from time to time is like why was
0:11
it the case that we were able to build
0:13
Facebook and that some other company
0:14
didn't right it wasn't like it was a
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super novel idea right it's I mean there
0:18
was Friendster before there Myspace
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there's all this stuff Google Microsoft
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Yahoo they all like had versions of it
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why why didn't they do it it's not that
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they had a lack of talent right I mean
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we were like a rag tag group of children
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right it's like um and and they they had
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like all these like serious you know
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engineers and like serious
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infrastructure and so I I kind of think
0:41
the the reason is because people Doubt
0:43
new ideas before they come to fruition
0:45
right so the narrative with with social
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networking is like ah it's just like
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this college kid thing it's like okay
0:49
fine maybe not college kids but it's
0:51
probably a fad oh okay maybe it seems
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like it's going to be around for a while
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but it's probably not going to make
0:55
money oh it's making money but the
0:57
switch to mobile is going to be pretty
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hard and then it's like okay by the time
1:00
we figured that out it was too late for
1:01
anyone the companies have lost their
1:03
advantage and so what was the issue I
1:05
don't know there's like like there's
1:07
probably some team buried deep inside
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those companies that believed in it and
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probably some like VP person who is like
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eh that's probably not the biggest
1:14
priority and just like you know pour
1:16
some like I don't know sand in the gears
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or whatever your analogy you want even
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for the things that look like they
1:22
belong to large companies as
1:24
opportunities because they they have a
1:25
big distribution Advantage I would guess
1:27
that big companies are going to Fumble
1:29
two-thirds of those
1:31
right and then there are all these
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