Nazarov: The tech industry overrates top-down innovation due to survivorship bias
Dennis Nazarov · a16z Podcast | Cryptonetworks and Cities -- Analogies · Jan 2, 2019 · at 12:10
Dennis Nazarov, partner at a16z crypto, discusses the limits and inefficiencies of top-down, Apple-style product development versus open, distributed crypto experimentation.
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“On the top-down approach, I think we give too much weight to the beauty of top-down. You know, we only see it when it works, that there's the genius iPod product, there's the genius iPhone product, but, you know, how many, what, how many hundreds of products did the Apple team iterate, you know, whatever the, Johnny Ives office, the white box that you have to have high clearance to get into, what were the crazy ideas that didn't go to market, and how, how efficient can a top-down organization be in terms of, you know, catalyzing, you know, tons of experiments to try different ideas”
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