watch time: 20 minutes
Expanding on the “good ideas that look like bad ideas” concept first outlined by Peter Thiel in Paul Graham and Chris Dixon (at Startup School 2013), Ben Horowitz (coming at it from the perspective of a VC, entrepreneur, former CEO and head at a large company) shares a way for big companies to think about this — and what it means to innovate. Innovations are things that create new product cycles for the company. Innovation does not mean adopting a new technology. So what does it take for large companies to innovate?