Katherine Boyle: evaluation

Transcript context

…To your point, we have this mega theme on Acquired of, “Don't do stuff that doesn't make your beer taste better.” The origin of that quote was with Bezos, when he was launching AWS at Y Combinator 15 years ago, but probably 70% of our sponsors here—Phantom, Modern Treasury, Vouch—just sit in the water now, that of course, the way you succeed, the way you build great products is you'd be really, really great at one thing, and then you use the whole suite of other products that are built in this ecosystem that are really, really great at everything else you need. Yeah, even when we think about, why has the cost of starting a startup gone down tremendously? I mean, that is the case. You don't have to build everything from scratch anymore, you can buy. But the one place that still does that is the government. It's actually incredible. Of course, how are they doing that? Well, they're using taxpayer dollars to build internally. So when we talk about why have defense budgets bloated, even if we're looking at education, and major changes that are going to come from. Why are these things that are civic goods so expensive now? It's because it is very difficult to use the technology that would actually make them cheaper than you look at. I think there's a famous AI graph on everything that has come down the cost curve, like televisions are less expensive. Everything is less expensive in consumer land except for healthcare, except for housing, and except for education. It's really because technology has not touched those sectors, and will not touch those sectors unless we do something about it. And there's mostly regulatory capture in those sectors.…

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