Jessica Lessin: Ruth Porat has systematically shut down Alphabet's Other Bets
Jessica Lessin · #7: Elon's X game and RIP seed investing · More or Less Podcast · Jul 31, 2023 · at 29:31
Jessica Lessin discusses Ruth Porat's promotion to president and chief investment officer and evaluates Porat's fiscal discipline over Alphabet's moonshots.
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“I mean, that, Ruth's track record to date has largely been pruning those. I mean, Larry created Alphabet. Because, you know, he wanted a way to retain all these great people who wanted to go off and do fun projects, like Andy Rubin, who didn't, you know, want to work on the core, and he, and Larry wanted to go work on these projects, so he kind of spun them all up, and Ruth has been systematically shutting them down and centralizing their operations.”
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