Sam Bhagwat: Solving Important Problems
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Transcript of Sam Bhagwat: Solving Important Problems
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Solving important problems
Sam BhagwatCFO, Blueseed
Method: agnostic to definition of “important.”
Focus: positioning oneself in current institutional blind spots.
Metaphor: A ladder to pick well-developed, medium-hanging fruit all the low-hanging fruit opportunists missed.
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Solution is moderately capital-intensive
Problem considered
political
Solution combines two disparate fields
Solution has little new tech
Solving important problems
Sam BhagwatCFO, Blueseed
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Capital intensivity
Corporate planning / real estate inv.
Small business
Blue-ocean
Lean Startup
New business model
Low capital
High Capital
Old business model
Large CapexDeep-pocketed eccentric / crafty pitch
Typical Silicon Valley VCBanks, companies
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Politics vs. technology
Engineering
Policy innovation
Radical pragmatism
Lobbying
Problem considered political
Technology solution
Problem considered technological
Political solution
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Adjacency distance (“X for Y”)
• What are the core competencies required?
• And how far apart are they in skill-space?
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Adjacency distance (“X for Y”)Communications satellite (1960)
Solar
Communication tech
Rocketry
Music distribution
Computers
Maritime
Immigration law/politics
Silicon Valley
Blueseed (2011)
iPod (2001)
Paypal (1998)
large
small
large
small
large
Electronic communication
Payment processing
medium
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Adjacency distance
Breakthrough improvement
Incremental improvement
Crazy sh*t
Repurposing
Technological innovation
Invention vs. repurposing
Crazy & loaded
Clever
Skilled tinkerer
Low
High
Large: Disparate
Small: Overlapping
Brilliant
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Solving important problems
Solution is moderately capital-intensive
Problem considered
political
Solution combines two disparate fields
Solution has little new tech
Sam BhagwatCFO, Blueseed
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Additional reading• Working on important problems:
– “Good and Bad Procrastination,” Paul Graham, http://www.paulgraham.com/procrastination.html
• Working on important problems & capital-intensivity:– “What Happened To The Future?”, Bruce Gibney, Founders’ Fund: http://
www.foundersfund.com/the-future• On multiple competencies: “Career advice,” Scott Adams, http://
dilbertblog.typepad.com/the_dilbert_blog/2007/07/career-advice.html