Large innovation almost never comes from incumbents in the field — across retailing (Amazon vs Walmart), media (Netflix/YouTube/Facebook vs NBC/CBS), transport (Uber, Airbnb), space (SpaceX vs Boeing/Lockheed), biotech (Genentech), and COVID vaccines (Moderna/BioNTech vs big pharma) — because experts extrapolate the past while founder-driven companies have permission to try crazy things.
causalpending
Speaker
Vinod KhoslaEvidence Quote
“None of them were done by somebody who knew the area. Experts are terrible at predicting the future. They extrapolate the past. Entrepreneurs invent the future they want.”
Created: 6/18/2026, 2:32:03 PM
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