Monthly Rounds (November 2020) - Good People and Bad Companies
muthualagappan.substack.com
Hi friends, Below is my favorite content from November. (1) https://www.bloomberg.com/news/features/2020-11-11/what-went-wrong-at-quibi-jeffrey-katzenberg-meg-whitman-and-self-sabotage There are few forces as powerful as social proof - the phenomenon of normative social influence. When several of your most trusted, well-regarded, and successful peers engage in a certain action (such as funding a destined-to-succeed startup), you can't help but be compelled to do the same. But the irony of social proof is that while it seems to suggest that the underlying action (e.g. investing in a certain company) has been vetted by many, the opposite is often true -- it has been properly vetted by none. Theranos was a prime example of this phenomenon. Is Quibi another?
Monthly Rounds (November 2020) - Good People and Bad Companies
Monthly Rounds (November 2020) - Good People…
Monthly Rounds (November 2020) - Good People and Bad Companies
Hi friends, Below is my favorite content from November. (1) https://www.bloomberg.com/news/features/2020-11-11/what-went-wrong-at-quibi-jeffrey-katzenberg-meg-whitman-and-self-sabotage There are few forces as powerful as social proof - the phenomenon of normative social influence. When several of your most trusted, well-regarded, and successful peers engage in a certain action (such as funding a destined-to-succeed startup), you can't help but be compelled to do the same. But the irony of social proof is that while it seems to suggest that the underlying action (e.g. investing in a certain company) has been vetted by many, the opposite is often true -- it has been properly vetted by none. Theranos was a prime example of this phenomenon. Is Quibi another?