Coogan: Big Tobacco quality has degraded as top talent chooses tech
John Coogan · John Coogan, EIR at Founders Fund, Founder of Soylent & Lucy · Sourcery with Molly O'Shea · Jul 24, 2024 · at 49:19
John Coogan, co-founder of nicotine brand Lucy and EIR at Founders Fund, explains why legacy tobacco conglomerates are vulnerable to new competitors.
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“They are not well run. They are not hiring the best people, really, really sharp people. They go to work at SpaceX and Meta. They are not going to big tobacco anymore. And so the quality of the companies has really, really degraded.”
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