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AcquiredApril 4, 2023
Interview: Hamilton Helmer & Chenyi Shi on How to Build an AWS-Like Second Business
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7 Powers author Hamilton Helmer and his Strategy Capital colleague Chenyi Shi join us again to discuss their latest research on a topic that’s highly relevant to the recent Acquired canon: how to build a second business line. This incredibly important “transforming” question faces every great company who has achieved initial product success (as well as their investors). Do we continue solely along the established path, or do we attempt to grow new branches on the tree? Some companies grow new businesses with tremendous success — Amazon and AWS, Nintendo and video games, Nvidia and CUDA — yet many others fail miserably. For the first time Hamilton and Chenyi share their research-based playbook on how companies should approach this decision and choose wisely. Tune in!
2 book mentions in this episode.
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Books Mentioned
“The speaker discusses the concept of 'Seven Powers' as a framework for analyzing business ideas and creating durable businesses, emphasizing its importance alongside product market fit.”
Sentiment: Deep Dive
Trigger: company transformation strategies
For: Founders and entrepreneurs looking to expand their business strategies.
Key quote: “They have a new framework, in addition to Seven Powers, to help founders answer the transformation.”
The hosts mention 'Seven Powers' as part of a discussion on how companies can expand their business lines effectively. They highlight that the book provides a framework that helps founders navigate these transformations, which is relevant to recent episodes they've covered.
ASIN: 7521752929
Buy on AmazonClick the book cover image to open the affiliate link.
Brad Stone's book
Brad Stone
“We read Brad Stone's book and we know Brad. This is mentioned in the context of researching AWS and gathering information from various sources.”
Sentiment: Passing Reference
Trigger: writing and research challenges
For: podcast creators and researchers
Key quote: “So we read Brad Stone's book and we know Brad.”
The host mentioned Brad Stone's book while discussing the complexities of writing and the research process involved in creating episodes. They referenced the book as a canonical source to gain insights into the development of AWS.
ASIN: B00FJFJOLC
Buy on AmazonClick the book cover image to open the affiliate link.