Hamilton Helmer
Chapters
# Monetizing passions, scaling marketplaces, and stories from a creator economy
Power requires a benefit and a barrier, so he’s taking care of the benefit part
Let’s actually talk about achieving these powers.
Hi Lenny, a pleasure to be here.
Awesome. You mentioned this word strategy. I want to set a little foundation her
Earlier I talked about these economic structures that provide durability of retu
Yeah, exactly. So what I’m wondering is, okay, so say you’re looking at this lis
So in a book there’s a thing called power progression, which says there are… I
Yeah, I think a simple Google search I find just gives you a very simple definit
ChatGPT if they get it right sometimes I find they hallucinate.
I was actually going to ask about that one because in software and social consum
Yeah. So for me the difference is materiality is that whether the value benefit
Wow, that’s actually really interesting. Is there an example of a company that c
Yeah. Right. The advantage that they get, it’s not material. Right.
And is that attrition coming from a source of power or is that just like a broad
Power requires a benefit and a barrier, you have to have something that you do t
In terms of Warren Buffett, I found the quote about moats. Warren Buffett famous
But one of the tricks to understanding power is you have to have a pretty good u
Lenny Rachitsky (00:37:51):
And you don’t do that anymore, I imagine if someone wanted to do that today, not
Yeah, it’s a great question. I mean we’re all in this phase of wondering exactly
If we start seeing you making incredible returns, you’ve clearly found an eighth
One of the great thinkers in strategy was this Harvard professor Michael Porter,
They’ll make you more like Amazon as a service. Kind of along these same lines,
Personally, I am very, very concerned about the debt trajectory of the United St
No, no. I think this is important. I think it’s important people think about thi
I alluded to it before, but just that remember, action is the first principle of
Amazing. Speaking of ending up in a place you didn’t expect, it’s time for our v
One book that is extremely wonky, and I can only take it in very small doses, bu
Do you have a favorite recent movie or TV show you really enjoyed?
In my office, just this last week, we actually put a Persian rug in our entry ro
Oh man, I love that. We have Rory Sutherland coming on the podcast soon. He is o
One is what Clint Eastwood’s advice to actors, which is don’t just do something,
Speaking of power, final question. People that have a lot of power are leaders i
Yeah, so as I say, I’m an idea person and I’m about trying to empower company fo
Bye everyone. Thank you so much for listening. If you found this valuable, you c
Key Concepts