Elon Musk says invest in more startups. Here's why.
20 segments
So you really need to foster the the
growth of of young companies. You need
to have venture capitalists and an
environment that is supportive of new
companies. You can think of new
companies like they're like small
saplings in a forest. So what most
countries tend to do is they tend to
provide too much support to the large
existing trees in the forest and not
enough to the small saplings. But the
large trees don't need the support. It's
the small saplings that do the startups.
And so the system should be generally
biased towards supporting the small
trees as opposed to the large ones. But
that is rarely the case because the
large companies have access to the
leadership of the countries and the the
small startups do
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The video discusses the importance of fostering young companies, using the analogy of saplings in a forest. It argues that government and economic systems often mistakenly favor large, established corporations over startups, despite the fact that startups are the ones in greater need of support and crucial for growth.
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