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How Google’s CEO predicted ChatGPT in 2016 “It’ll use Android/iOS, fast networks, and powerful machine learning… The model where you crowdsource information in, learn it, and then sell it is a highly likely candidate for the next $100 billion company.” As Eric Schmidt explains, it’s much easier to predict...

11,254 次观看 • 1 年前 •via X (Twitter)

6 条评论

Startup Archive 的头像
Startup Archive1 年前

Watch the full @StartupGrind interview with Eric Schmidt here:

Startup Archive 的头像
Startup Archive1 年前

Want even more startup insights from the world's best founders? Join the 10,000+ founders who read our free newsletter here:

SecBriefs | Making Cybersecurity Simple 的头像
SecBriefs | Making Cybersecurity Simple1 年前

😔600+ healthcare data breaches exposed over 40 MILLION patient records last year. 💸The average cost of a healthcare data breach is $10.1 MILLION! 💔Protect your patients! Knowledge is power.💪 The "CYBERSECURITY DICTIONARY For Everyone" is on Amazon 🛒

growthesque 的头像
growthesque1 年前

He successfully predicted reCAPTCHA just 2 years after it was created.

SaaS Growth Strategies 的头像
SaaS Growth Strategies1 年前

You can't build a big company if you can't predict the future or where the world is heading. Especially if you are in tech, it is the most rapidly changing area. Unable to foresee the future can soon make you unrelatable to the market and eventually lead to downfall.

Jeeva 的头像
Jeeva1 年前

😤

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Google's former CEO Eric Schmidt on the data strategy behind the next hundred billion dollar companies: He explains that he evaluates startup ideas by looking at 5-year growth trajectories and asking whether there's a more scalable strategy available. Take a founder building an app they want to charge $10 for. Eric Schmidt's challenge: "Why not give it away for free and upsell users instead?" But the real insight is his framework for predicting which companies will dominate — and it all comes down to data. "5 years ago, I said publicly that the future will be apps that are on smartphones that use Google Maps, GPS, and do something useful. Now, what I should have said was Uber." So what does he think will define the next wave of massive companies? Systems built on Android and iOS, fast networks, and powerful machine learning, with a crucial data advantage: "They're going to use the crowd to learn something." He illustrates with this example: Pay dermatologists $1 each to categorize skin samples. Feed that into a machine learning system. Then sell the diagnostic service back to them, because a system trained on thousands of experts will outperform any individual. Schmidt summarizes the winning data strategy: "You crowdsource information in, you learn it, and then you sell it. [This] is in my view a highly likely candidate for the next hundred billion dollar corporations." The blueprint: Aggregate expert data at scale → train ML systems on that data → sell superior insights back to the market. This is how the next generation of dominant companies will be built.

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Eric Schmidt on how he uses 5-year plans to predict if a startup can become a $100 billion company “If you went to business school, you would’ve been taught: build a great product, organize a sales force, charge a fair price, make the customer happy.” But, as the former CEO of Google explains, that strategy is insufficiently scalable in the Internet era: “It’ll produce a reasonable business, but it’s not going to produce a huge business. It’s just too hard to hire all of those salespeople, work with every customer, and so forth. You have to have a more clever strategy.” Eric continues: “All of the really big companies have invented a new way to access information or a new way to do something [and didn’t require a large salesforce].” Eric argues that lots of the startup ideas he hears are good, but not good enough. He tells these founders to do a plan over the next five years and map your growth rate. Then try to figure out what a more scalable strategy might be. For example, if you’re building an app that you want to charge $10 for, Eric would ask: “Why can’t you give the app away for free and then upsell the users?” Another way to use a five-year plan to determine if your company can be a $100 billion company is to ask yourself what the big platforms will be five years from now and make sure your company is aligned with those platforms. In this interview from 2016, he predicts Android, iOS, and machine learning are the platforms he’d want to be aligned with over the next five years. Video source: Startup Grind (2016)

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Former Google CEO Eric Schmidt explains how he uses 5-year plans to predict if a startup can become a $100B+ company “If you went to business school, you would’ve been taught: build a great product, organize a sales force, charge a fair price, make the customer happy.” But Eric explains that strategy is insufficiently scalable in the Internet era. “It’ll produce a reasonable business, but it’s not going to produce a huge business. It’s just too hard to hire all of those salespeople, work with every customer, and so forth. You have to have a more clever strategy.” He continues: “All of the really big companies have invented a new way to access information or a new way to do something that didn’t require [a large salesforce].” Eric argues that lots of the startup ideas he hears are good, but not good enough. He tells these founders to create a 5-year plan and map their growth rate. Then try to figure out what a more scalable strategy might be. For example, if you’re building an app that you want to charge $10 for, Eric asks: “Why can’t you give the app away for free and then upsell the users?" This is similar to the advice of Peter Thiel who famously asks founders: “How can you achieve your 10 year plan in the next 6 months?” Thinking big and optimizing for scalability is one key factor that separates the ultra successful companies from the rest. Another way to use a five-year plan to determine if your company can be a $100B+ company is to ask yourself what the big platforms will be five years from now and make sure your company is aligned with those platforms. In this interview from 2016 and he predicted that Android, iOS, and machine learning would be the dominant platforms of the next five years.

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