Vandelay Technologies, Inc.

"capitalism is full of businesses that are not doing anything that difficult. they're me-too products swimming in the river of beta."

damn had literally never thought of starting companies as beta to trends, only in the context of coins/stocks

Building /presto || Helping creators grow

for sure yeah i understood his framing, but i slightly disagree - if you're trying to start a generational business you're probably doing something completely new, but if you're an average entrepreneur, nothing wrong with following tailwinds (could argue many great businesses start out up just as market beta).

but yeah was mostly just intrigued by the idea of a company as beta

so glad you're enjoying it!

i think your original cast's framing is clever, but may be missing neil's point tho:

he's not talking about "starting companies as beta to trends"

he's talking about how most companies are mid, and greenoaks is looking for companies that provide jaw dropping customer experiences (JDCEs)

his core idea isn't about market correlation, but about *lack of innovation* in the average company
- they default to market tailwinds
- they're "me-too" products that don't create anything new or hard
- they're just... forgettable

i don’t think this quote is something worth striving towards; if anything, quite the opposite