Eric Ries: belief

Transcript context

…Not great. Philip Morris spent £1.1 billion to buy Vectura. Within three years, they had taken a $900 million write down and disposed of the company for peace parts, it doesn't exist anymore. These are the stakes, this is what happens. And I can't tell you, I feel like Perry Mason sometimes when people are like, "I would never do that." I'm like, "Okay, I hear you have good intentions, but can I please see your signature on the document?" Oh, look, Delaware charters are public record, by the way. If you ever want to know, if a friend is a lawyer, just you want to know if a company has a mission or if this is going to happen to them, just pull the charter. You can just read it. Read it for yourself. I'm like, "Is this your signature right here? You, yourself, sign this document and you don't even understand how your company works. " The stakes I think are significantly existential, especially now that we're entering an age, the age of wonders. The age of technologies that are incredibly powerful, that have planet scale consequences to them. I think a lot of founders, a lot of product people, they want to build a product that they can be proud of. That their grandkids will be happy to hear that that's how the family fortune was made. And I know a lot of people that are incredibly rich and so miserable. Because the thing, their baby, it got ruined, it got destroyed. Why are we doing this? Okay. Let's talk about what to actually do. And this is going to be a kind of a high level overview. Obviously by the book, if you really want to get serious about this stuff coming out May 26th that all [inaudible 00:33:29] -…

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