I'd argue that while no doubt mistakes have been made, including by us and KKR, many have misunderstood (or greatly simplified) the model. They have overlooked how value is created -- and for whom.
Originally asked
Peter Thiel, to job candidates, Zero to One, chapter 1, 2014
Peter Thiel, Zero to One, chapter 1, where it is introduced as his job-interview question. Thiel supplies his own standard: a good answer takes the form "most people believe x, but the truth is the opposite of x."
You answer as yourself. Nobody on FLAPSS answers as anybody else.
Jeff Beer, interview, Fast Company, 16 October 2019 source ↗
Others on this question
View all 15 →There is an awful lot of pious theatre at the moment, where you go to have what you already believed reinforced.
Well, I'd say that I'm actually optimistic about the future of our country. That's not a sentiment most people share today. Especially on the Right, it's increasingly common to feel pessimistic about America. You know, to be 'blackpilled', as they say online. And it's understandable – I too see all the chaos and destruction this Regime is inflicting on our country and the American people. But I really do believe that we can get the pendulum to swing back our way, that we can win this fight and rebuild America. That's why I'm running for office.
My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more. Without technological change, if China doubles its energy production over the next two decades, it will also double its air pollution. If every one of India's hundreds of millions of households were to live the way Americans already do — using only today's tools — the result would be environmentally catastrophic. Spreading old ways to create wealth around the world will result in devastation, not riches. In a world of scarce resources, globalization without new technology is unsustainable.
More from Yvon Chouinard
View profile →We can’t delude ourselves into thinking that anything we or any other business does is “sustainable”. The best we can do is minimize the harm we do to the planet. We’ll do what we can to clean up our own house and convince other businesses and suppliers to use cleaner energy and more responsible materials, but it’s a never-ending summit. The work is never done.
I never wanted to be a businessman. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. As we began to witness the extent of global warming and ecological destruction, and our own contribution to it, Patagonia committed to using our company to change the way business was done. If we could do the right thing while making enough to pay the bills, we could influence customers and other businesses, and maybe change the system along the way.
I absolutely don’t believe in doing … focus groups and all that shit. Proctor and Gamble-style, no risk. Just do it
That was certainly the single darkest day of the company's history.
Patagonia has time and again broken the rules of traditional business and proven we still can be successful. The average lifespan of a corporation currently is a little over 20 years, but we’re still here after five decades of doing things on our own terms. I’m proud of our employees for getting us to this point. Our success is based on quality in whatever we do, and we’re taking that into the future.
If I’m in California, and the waves are good, I’m surfing by 7 a.m. If the surfing is good, I might stay out all day. I like being able to see the horizon. When I am sitting in the water facing Antarctica, waiting for a wave, it opens up my mind.
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