Peter Thiel grilling Eric Schmidt (2012)
🏭 Google isn’t a tech co anymore
🏦 It’s a tech holding co with $50B in cash and no ideas
🚀 Accelerating tech world + 0% interest = tech yields large multiples
🛍 $AMZN the only megatech giant reinvesting
Today? $GOOG has >$115B cash
Hat tip @real_vijay super interesting
In Schmidt’s defense he cited not being able to hire enough good people and falls back to typical tropes about education.
This only reinforces how obvious it is that new credentials w/ proverse selection must exist
Google is insanely dominant and a modern marvel in the world
The more provocative and useful conversation is how they really could be even many times bigger and more powerful, but are clearly held back by their own real internal limitations to productive capital reinvestment
You can follow @garrytan.
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.
Enjoy Threader? Sign up.
Threader is an independent project created by only two developers. The site gets 500,000+ visits a month and our iOS Twitter client was featured as an App of the Day by Apple. Running this space is expensive and time consuming. If you find Threader useful, please consider supporting us to make it a sustainable project.