7 Powers

“The one new thing is AI models have, because of scaling laws, have much stronger data network effects and data modes than we've ever seen in the past.”

“One of the most interesting ideas that I learned after sort of, again, overfitting the concepts in, in the book and sort of teaching people about it is you can only tell that you have power when it's there. It doesn't tell you how to get there.”

“And what it is, is there's something in what you do That gives you either a cost or price advantage over others. So let's say you're lower cost and that's the benefit. And the barrier side is that there's something that is durable about that, that makes it ove…”

“My own view currently, I don't see any change in seven powers from it in terms of an eighth power or something”

“Brand is arguably the most powerful and least understood of the seven powers. It's so durable because of how Complicated, time-intensive, and lucky you have to be to build a brand.”

“Now, I will say that unlike some of the other powers, I do think brand is the one that takes the longest to build up, even with the acceleration of technology. I do think there's a max speed that trust and word of mouth spread can happen at, and it looks more …”

“We've got four pillars. One is growth opportunity. The second is competitive advantage, where we lean heavily on Hamilton Helmer's Seven Powers. People and culture is the third pillar, and valuation is the fourth.”

“So Facebook, obviously, network economies. Apple is, they're a variety. Brand switching costs, scale. Amazon is primarily scale. Netflix is primarily scale. Google is probably network economies.”