“Mike Maples had this term, 500K is the new 5 million… the shift of things like AWS, App Store… drove down the cost of starting a company.”
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Said on How I Invest with David Weisburd
How I Invest with David Weisburd · E436: Nnamdi Okike on Billionaires, Founder Psychology & the Venture Capital Bubble
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Adopted Mike Maples’ “inflection” concept - major change events (tech, regulatory, behavioral) that create market waves
“Mike Maples had this term, 500K is the new 5 million… the shift of things like AWS, App Store… drove down the cost of starting a company.”
“The original unveiling… got the Type 01 concept on the front page of almost every major newspaper around the world”
“We should have a regulatory agency just like the FDA where you do all this stuff… it would weigh risk-benefit before allowing changes.”
“When you have two very similar molecules except for a tiny change… that tiny change drives outsized changes in behavior… we call it a magic methyl.”
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