How to build a company that withstands any era

“Today my guest is Eric Reese, author of the most influential and impactful book in startup history, the lean startup.”

“her husband August who had just won the Nobel Prize who's a very famous scientist.”

“Lenny, I want you to imagine this scenario with me, okay?”

“So decades before Martin Skrey actually did this as a business strategy, the crows and the Canadian scientists, they were worried”

“I like Cloudflare because Matthew Prince and his co-founders”

“You got to build quality in from the inside. Deming taught this in the 40s”

“Andrew Mason, the founder of Groupon, once told me this story.”

“If you know stories about Ivon Shannard, the founder of Patagonia today, he's more famous for his environmental activism”

“think about how Steve Jobs was like he was this is a guy who would fight with people over the layout”

“as Saul Price did, customers first, employees second, shareholders last.”

“Like Adam Smith thought it was obvious.”

“The late great Clay Christensen once said that it's easier to do the right thing 100% of the time than 98%”

“he learned it from Howard Schultz, who built Starbucks.”

“one of my favorite founders, Todd Park. He created Devoted Health”

“Dario was a first-time founder. I was there, okay?”

“All the credit to Daario and Daniellea and the whole team.”

“Most people have heard of someone named Frederick Winsow Taylor.”

“one of her most important concepts is what she called the invisible leader.”

“the great Peter Ducker called her the prophet of management.”

“I want to hear the OpenAI versus anthropic story.”

“available exclusively to Lenny's newsletter subscribers.”

“I just had the head of product of cloud code in the podcast.”

“I remember when people wrote that about Quibby they're like Quibby proves that you don't need lean startup.”

“Go to works.com to make your app enterprise ready.”

“It's essentially Stripe for enterprise features.”

“I think about vital eggs as a great example of this.”

“and then they're owned by Black Rockck now, it turns out.”

“According to Harvard Law School, among venturebacked companies that have the standard best practices set up that you got from your lawyer”

“You know, I build a long-term stock exchange.”

“Cloudflare does many of the things that we talking They're one of the examples in the book”

“People used to tell me Costco was an example that wasn't protected.”

“if you don't know the story of Whole Foods and what happened to it”

“they went back to Denmark to create this company, which they called the Nordisk Insulin Laboratorium”

“This is the predecessor company to what we today call Nova Nordisk, one of the largest companies in the world.”

“The German optics company, Zeiss, who make the the lenses in my glasses and yours, too, they had this structure in 1885.”

“I was raised that Philip Morris is the most evil company in the world”

“They raised money. They went public on the London Stock Exchange.”

“Vector was a UK company, a spinout from the University of Bath.”

“Vector was a UK company, a spinout from the University of Bath.”

“when I was researching the book, I was like, I wonder I actually asked Claude”

“The British Thoracic Society begged them to say no.”

“Andrew Mason, the founder of Groupon, once told me this story.”

“the founder of Patagonia today, he's more famous for his environmental activism, but he was a quality zealot.”

“humble though it is, Helman's mayonnaise is food. Its purpose is super clear.”

“Unilver, the big food giant, we went through a phase a couple years ago where they were going to infuse purpose”

“the product managers at Johnson and Johnson put asbestos in the baby powder and covered it up”

“I tell in the story in the book the story of devoted health.”

“Google used to have this don't be evil ethos and it kind of got lost.”

“the HBO show Silicon Valley makes a joke about it”

“he learned it from Howard Schultz, who built Starbucks.”

“this grocery store in Texas called HB where there was a the power went out there was an ice storm”

“the boom, hadn't happened yet. Chad GPT hadn't been invented yet.”

“they didn't actually implement what's called now the long-term benefit trust until their series C.”

“Anthropic has directors on its for-profit board who are appointed by and are accountable to an outside group of trustees”

“I was literally at the Vatican of all places.”

“the John Lewis partnership in the UK is a famous example.”

“Mandreon for example in Spain has like 80,000 employees. It's a huge company, but they're all employee cooperatives.”

“That's how Alibaba is protected where the employees vote for the board members rather than the reverse.”

“the Nova Nordisk Foundation is the largest charitable foundation in the world”

“The holding company like the Bergkshire Hathaway, but rather than having everything be wholly owned.”

“there's a law firm called Virgil. They'll be happy to help you and they don't charge you by the hour.”

“that famous clip that I don't know if you know the meme of friends where they're trying to get the couch”

“he wrote the principles of scientific management in 1911.”

“we do have a website, incorruptible.co. Please join the mailing list.”

“If any of this is at all interesting to you, if you want to explore this, if you want to implement it, buy Eric's book”

“you can subscribe to the show on Apple Podcasts, Spotify, or your favorite podcast app.”

“you can subscribe to the show on Apple Podcasts, Spotify, or your favorite podcast app.”