From: nikhil.kamath
Bill Gates shares his views on innovation, offering advice for entrepreneurs on different approaches to building new ventures.
Building on Existing Platforms
For young entrepreneurs, Bill Gates recommends focusing on AI and leveraging existing large platforms, such as those from Google or Microsoft, to build new applications and services [00:00:27]. This suggests a strategy of creating value by innovating on top of established technological foundations.
Encouraging Foundational and Bold Innovation
Despite his advice to build on existing platforms, Bill Gates also expresses respect and encouragement for individuals who are “bold enough” to pursue foundational innovation [00:00:34]. He acknowledges that he “could be wrong” in his own recommendations and praises those who choose to develop entirely new, foundational technologies, stating, “hey good for you” [00:00:40]. This indicates his appreciation for ambitious and transformative approaches in the tech industry.