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🗓️ 27 January 2025
⏱️ 64 minutes
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0:00.0 | There's two ideas in this book that are repeated. Marcus Wallenberg Jr. prioritized investing in |
0:05.0 | technology and surrounding yourself with great people. That is actually something that multiple |
0:09.8 | generations of the Wallenbergs would repeat. And I've been telling you lately that there's a lot of |
0:14.7 | similarities that I noticed between people like Steve Jobs and Jeff Bezos and Jensen Wong last week. |
0:19.6 | And now I would add Marcus Wallenberg Jr. to that list as well. And it starts with Jeff Bezos and Jensen Wong last week. And now I would add Marcus Wallenberg Jr. to that list as well. |
0:23.4 | And it starts with Jeff Bezos's very first shareholder, where Jeff Bezos emphasizes the |
0:28.2 | importance of having the very best team. |
0:30.2 | He wrote, setting the bar high in our approach to hiring has been and will continue to be |
0:34.5 | the single most important element of Amazon's success. |
0:37.9 | You will hear Marcus Wallenberg Jr. say something very similar to that. |
0:42.2 | Jeff's focus on talent is very similar to this quote that I actually found that Steve Jobs gave |
0:47.1 | in an interview that very same year in 1997. |
0:50.4 | This is what Steve said. |
0:51.7 | He says, I think I've consistently figured out who the really smart people were to hang around with. |
0:55.6 | You must find extraordinary people. |
0:58.1 | The key observation is that in most things in life, the dynamic range between the average quality and the best quality is at most two to one. |
1:05.9 | But in the field that I was interested in, I noticed the dynamic range between what the average person could accomplish |
1:11.6 | and what the best person could accomplish was 50 or 100 to 1. |
1:16.6 | Given that, you were well advised to go after the cream of the cream. |
1:20.6 | You want to build a team that pursues the A plus players. |
1:24.6 | That is exactly what Ramp did. Ramp has the most talented technical team |
1:29.4 | in their industry. Becoming an engineer, Ramp is nearly impossible. In the last 12 months, they |
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