Identify Scarcity

By editor on February 20, 2018 — 1 min read

There is always a scarce resource somewhere. So whether it was all of us deciding to organize around safety, inventing language, creating money, building a machine, creating a smartphone, somewhere along the way, someone was asking the question, what is the next great problem that needs to be solved? Where I stand today, what is the scarce resource that exists? What limits progress?

That is the thing that you need to focus on. And what’s interesting in technology is that answering that question has always been true, and has always been the path to build immense success, wealth, and value. (18:50)

Posted in: Entrepreneurship

Editor's Note

These are Chamath Palihapitiya's words. They are probably some of the best thoughts on VC, business, and life, but were scattered around the Internet. They live now in this archive.