
Joe Lonsdale discusses the significant difference in ability between the very best individuals, particularly in software and tech, arguing that this gap is often underestimated by institutions. He highlights that recognizing and appreciating such top-tier talent requires a similar level of skill, which larger institutions often lack. Lonsdale suggests that the American tech scene has an advantage due to its culture of nurturing and managing exceptional talent, providing capital, and fostering a "plasticity of learning" that allows for rapid adaptation and growth, contrasting this with other countries. He uses the analogy of hearing the "blue note" in music to describe the rare ability to identify truly exceptional tech talent.
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