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Cruise

sold to GM for $1B in two years

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Story

Kyle Vogt: built Twitch as a detour, then sold Cruise to GM for $1B

Emmett Shear's point that for technical products domain experts (not naive outsiders) disrupt best: Kyle Vogt had wanted to build self-driving cars since high school, treated Twitch as a detour, then started Cruise and sold it to GM for $1 billion roughly two years in, before self-driving cars were on the road.

He goes, Kyle had been trying to build self-driving cars since he was in high school. Like, Twitch was like a detour for him. And he's like, you know, the timing wasn't right back then, but he had been thinking about this and working on this, fiddling with this for a long time. He was probably one of the 5 people on Earth who should have started a self-driving car company was Kyle. And so he starts Cruise, sells Cruise for $1 billion to GM
EP 132 · 28:00 · SHAAN
Read at 28:00
mfmindex.com№ 0132-1680