Hamilton Helmer

“Yeah. Let's not. That conversation always goes too long.”

“That's a great question Lenny, because I think the path to power is where the rubber meets the road and it's very complicated and nuanced. But I'll give you a few thoughts along it and frankly our nex...”

“Right. And you've done the right thing by not having me go through and define each of those. But your listeners will need to go back to my book and see what those things are to get... We're going thro...”

“ChatGPT if they get it right sometimes I find they hallucinate.”

“Yeah, kind of. I mean I have called it a type of power. So for me it's only those things which clear the significance barrier, hurdle rather that they're a large material. And so there are lots of thi...”

“Yeah. So for me the difference is materiality is that whether the value benefit is large enough to engender a price delta significant enough to give you materially different margins into the future.”

“Yeah, it's not an impact, it's a material impact. So it could have... If it's a penny to your bottom line, that's one thing if it's a billion dollars or something else.”

“I think you could turn almost anywhere and get some modest network effects and any platform business would probably likely have some modest network effects. You asked me earlier and you sent me about ...”

“Yeah. Right. The advantage that they get, it's not material. Right.”

“Yeah, it only works because there are modest scale economies. If there weren't any then if they did all this stuff, they'd still have a global and see.”

“Right. And so he's taking care of the benefit part by saying a castle.”

“I sadly don't have the time. I mean I do often do fireside chats at company meetings and that kind of thing, but not a full-blown course and I'm not teaching at Stanford anymore either. And so I don't...”