Insight certainty 5/5 debate potential 2/5

Whitman: Hiring mistakes do not improve over time; fix them fast

Meg Whitman · a16z Podcast | On Marrying Entertainment and Technology · Jan 2, 2019 · at 38:23

Meg Whitman, CEO of Quibi and former CEO of eBay, discusses talent acquisition and management advice learned early in her career.

0:00 / 0:18exact quote · 18.2s
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“You are only as good as the people that work with you. And so the right person in the right job at the right time with the right attitude is absolutely critical. And if you make a mistake, fix it fast. When you make a mistake on a person that you have hired, this is not like fine wine. It never gets better with age. Never.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Meg Whitman

Prediction Held up
Whitman: Quibi will be a mobile-first, mobile-only short-form video platform
“What we are trying to do is create a platform where we offer short form, and I'm going to describe that in a minute, short form video of Hollywood production quality built for mobile. And mobile first, mobile only, honestly.”
Meg Whitman Jan 2, 2019 ▶ 8:59 a16z Podcast | On Marrying Entertainment and Technology
Insight
Whitman: Ad-only models cannot monetize $100,000-per-minute short-form video
“I think the reason that there is this white space out there of very high quality short form content where no one is doing it is because if your only monetization mechanism is advertising, you can't make it pay because at a 100,000 dollars a minute times 10 min…”
Meg Whitman Jan 2, 2019 ▶ 20:51 a16z Podcast | On Marrying Entertainment and Technology
Assertion Supported
Whitman: Quibi must commission all content because no short-form libraries exist
“There is no library to buy for this very high quality short form content. So unlike Netflix or Hulu or other that bought a library, there is no library to buy. So we have to commission that content.”
Meg Whitman Jan 2, 2019 ▶ 15:52 a16z Podcast | On Marrying Entertainment and Technology
Disclosure
Whitman: Ten major studios invested in Quibi, unlocking 80% of Hollywood talent
“10 major studios have invested in this platform. And they have given us access to their best IP, their best showrunners and talent. And in this town, 70 to 80%, maybe even as high as 80% of the talent is actually locked up in these studios.”
Meg Whitman Jan 2, 2019 ▶ 17:00 a16z Podcast | On Marrying Entertainment and Technology
Insight
Whitman: Silicon Valley is transactional; Hollywood relies on emotional connections
“One of the differences between Silicon Valley and Hollywood, this is a town of relationships and emotional connections. I would characterize Silicon Valley as a little bit more transactional. If I need you, I will get together with you and we'll do something. …”
Meg Whitman Jan 2, 2019 ▶ 27:43 a16z Podcast | On Marrying Entertainment and Technology
Prediction Not checkable as stated
Whitman: Quibi users will alternate between portrait and landscape viewing modes
“We think people will come to our application in portrait, but they will want to watch in landscape, and then they may want to go back and forth.”
Meg Whitman Jan 2, 2019 ▶ 32:25 a16z Podcast | On Marrying Entertainment and Technology
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