Ericries

.@ericries explains why former Costco CEO Jim Sinegal refused to raise the price of everything in the store by $.03, despite the fact that Costco knew it wouldn't decrease sales, and would increase their net income by 50%: "He says, 'It's like the business equivalent of taking heroin. You do it onc

"If you have a larger, long-term vision — whether it's lofty like going multiplanetary, or simple like creating high-quality products — you're a business revolutionary, whether you know it or not." - @ericries "Because the economic system is designed to destroy these companies." https://t.co/EkNQ4i

Founder and author @ericries says public companies that report quarterly tend to be 5% less valuable than those that report semiannually, based on data from other countries. "It's not because the effort to do a quarterly report is expensive (although it is expensive and annoying). Rather, they star

"The Lean Startup" author @ericries joined the show today to discuss "Incorruptible," his new book built about why great companies slowly lose their mission over time, and how governance structures can prevent it. Here's the full, unedited conversation: Timestamps: 2:00 - Why overfunded startups l

Happy Tuesday. On today's show: - @ChristopherHale (Letters from Leo) - @seanhenry (Stord) - @ericries (Incorruptible) See you on the stream.