Product

• The thing that you make, the thing that you sell
• Pretty important! With a good product, you can make millions

People

• Everyone says “people are the most important”
• Kind of! Good people will fix a bad product, or set up a new one
• With the right people, you can make billions

Process

• Gwern: Why don’t companies replicate?
• Rule of law
  • Claim: US process is the magic that made things work
  • Not specific leaders, but the framework that was set up by the founders
• Governance
  • Needs more experiment
• With good process, “you” (the US) can make trillions
• Few companies have figured this out
• Google? with Waymo, Bets, etc