“By and large, if you look at Chegg, the way they got to where they are is they didn't reinvent digital learning, they just made textbooks cheaper.”
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 Avichal Garg
PredictionDidn’t hold up
Garg: The biggest crypto winners will likely re-centralize in Silicon Valley
“I think you could have the inspiration for ideas come from underserved markets, but I wouldn't be surprised if the really big winners in crypto actually sort of re-centralize around Silicon Valley.”
Avichal GargMay 2, 2018▶ 15:02Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
Insight
Garg: ICOs are essentially a gambling use case
“In some sense ICOs are kind of the gaming use case, right? It's kind of like a gambling, it's a gambling use case, right? And like, that's actually kind of what's happening is people are just gambling as real money.”
Avichal GargMay 2, 2018▶ 27:06Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
Opinion
Garg: Privacy tokens like Monero have real utility unlike speculative ICO tokens
“I think private, privacy tokens are actually a thing. Like if you talk to a lot of people, hey, if XYZ thing went away, would you care about it? They're like, yeah, it would be kind of unfortunate if that went away, or I'd lose a lot of money because I was in …”
Avichal GargMay 2, 2018▶ 6:47Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
PredictionNot checkable as stated
Garg: Mainstream dApp adoption is probably 7 to 10 years away
“I think it's probably like seven to 10 years out for most of these. I think we're really, really early in most of these cases.”
Avichal GargMay 2, 2018▶ 7:22Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
Opinion
Garg (2018): US regulators have been measured and smart about crypto
“I actually think the US government Has been really, really smart about this and pretty measured and sophisticated, because I think they understand there's a lot of potential for innovation here and a lot of value to be created and they don't want to crush that…”
Avichal GargMay 2, 2018▶ 17:17Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
Opinion
Garg: The biggest risk in crypto is state adoption for surveillance
“I think the bigger and scarier potential risk is that governments fully embrace crypto in the wrong way.”
Avichal GargMay 2, 2018▶ 42:45Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
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