Product < People < Process


  • The thing that you make, the thing that you sell
  • Pretty important! With a good product, you can make millions


  • Everyone says “people are the most important”
  • Kind of! Good people will fix a bad product, or set up a new one
  • With the right people, you can make billions


  • Gwern: Why don’t companies replicate?
  • Rule of law
    • Claim: US process is the magic that made things work
    • Not specific leaders, but the framework that was set up by the founders
  • Governance
    • Needs more experiment
  • With good process, “you” (the US) can make trillions
  • Few companies have figured this out
  • Google? with Waymo, Bets, etc