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The bottom line is that small changes in the communication structure can affect decisions.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium

Steve Schwarzman started Blackstone in 1985 with a $400k initial investment.
Last year, they crossed $1 TRILLION under management.
Here's what he says about hiring 10s https://t.co/6KZI5Nu4fk
Ben Horowitz on the ideal founding team for a startup
Ben looks for two people on a founding team:
1. The inventor. “It’s the inventor’s job to build a product that’s 10x better than anything that’s available to solve that problem.”
2. The entrepreneur. “The entr... See more
Startup Archivex.comIt traditionally assumed that firms were independent, and so changes would be independent, and so their sizes and aggregate effects would be distributed normally.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Marc Andreessen explains IBM founder Thomas Watson‘s famous “Wild Ducks” program
Marc believes that the organizational complexity is one reason you don’t see innovation at large companies. But that’s not the only reason:
“I think there’s another deeper thing underneath that that people reall... See more
Startup Archivex.com

This is Peter Thiel.
He's worth $7.1 billion after founding & investing in $1B startups.
From creating the "PayPal mafia" to hiring Sam Altman, Reid Hoffman, and partnered with Elon Musk...
He is also the greatest recruiter ever!
... See more
Each company is trying to figure out how to strategize, how much to invest, what the technology should be. In a case like that, it’s not at equilibrium.