David Rosenthal: belief

Transcript context

…And there are some exceptions. I know there’s some PLG that happens in healthcare, but it’s way, way harder to figure out how to do that than normal B2B SaaS. And my last one, Judy is a wacky, wacky founder. So is every truly great entrepreneur that we study. She is truly N of 1. She has stated that it is more likely that she’ll die than retire, just like Warren Buffet always jokes. She’s singularly focused on making Epic great in her life, just like Ingvar Kamprad and IKEA. She’s totally obsessed with rapidly incorporating feedback from customers just like Jeff Bezos. And she believes correctly that the nerds will prevail in the long run, at least correctly for her market, her point of view, her industry. She is completely unique in the way that all the great founders we study are. You foreshadowed in the intro that Judy is almost certainly the most successful, by any measure, female founder in history. I think that is actually true. I looked up to try and see who else might even come close. You could maybe make a case for Estée Lauder. However, despite Estée Lauder reaching about $100 billion market cap during the pandemic, it’s only worth about $20 billion today. I don’t know what happened there. Taylor Swift and Oprah, which we’ve talked about, and we did our Taylor Swift update at the Chase Center Show last year. We think the enterprise of Taylor Inc is “only” worth about $11 billion. I love that you and I have an ongoing Taylor Inc calculator.…

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