legacy companies

3 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jul 22, 2021 by Jeff Immelt · across every show →

Everything said about legacy companies, oldest first

Jul 22, 2021

Insight

Immelt: Legacy companies struggle when innovation requires cultural transformation

“Things that really required not just a new idea, but also a new culture at the same time, are really hard for legacy companies.”

Jeff Immelt Jul 22, 2021 ▶ 6:55 20VC: Jeff Immelt on Leadership Lessons from 16 Years as CEO @ GE, Incumbent Innovation; Why Some Have Failed and Other Succeeded, When Boards Have A Positive vs Negative Impact on a Company & The One Fear Startup Founders Are Allowed To Have

Jul 22, 2021 positive

Insight

Immelt: Incumbents hold massive advantages over startups through existing distribution and use cases

“What legacy companies don't realize is they have the keys to the kingdom and that you own the use case really, which is, you know, like I sit with startups and they're saying, you know, I want to add 10 salespeople. And I say, you know, guys, really back in th…”

Jeff Immelt Jul 22, 2021 ▶ 9:23 20VC: Jeff Immelt on Leadership Lessons from 16 Years as CEO @ GE, Incumbent Innovation; Why Some Have Failed and Other Succeeded, When Boards Have A Positive vs Negative Impact on a Company & The One Fear Startup Founders Are Allowed To Have

Jun 19, 2024 negative

Prediction Not checkable as stated

Eisenberg: Incumbents will find AI catch-up harder than internet adoption

“And I think what's going to be shocking about this, that's not like the internet, is it's going to be harder for legacy companies to catch up to AI companies, which is different from the internet.”

Michael Eisenberg Jun 19, 2024 ▶ 11:10 Michael Eisenberg: How China Could Overtake the US in the AI Race | E1167 · 20VC with Harry Stebbings

legacy companies

Everything said about legacy companies, oldest first

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