Rita McGrath

This was several years before even Netflix adopted streaming in a widespread way. So that was a little early technologically. But what happened in the back half of this was Antioco's moves were going to cost about $200 million apiece. So the streaming part and the late fees, which was a big part of their profit margin,

This was several years before even Netflix adopted streaming in a widespread way. So that was a little early technologically. But what happened in the back half of this was Antioco's moves were going to cost about $200 million apiece. So the streaming part and the late fees, which was a big part of their profit margin,

This was several years before even Netflix adopted streaming in a widespread way. So that was a little early technologically. But what happened in the back half of this was Antioco's moves were going to cost about $200 million apiece. So the streaming part and the late fees, which was a big part of their profit margin,

And the parent company at the time was a company called Viacom, which just didn't have the appetite for that. So Viacom ended up floating an initial public offering with Blockbuster, who went to market kind of weakened. The turnaround had not yet taken place. And so a lot of investors were very skeptical.

And the parent company at the time was a company called Viacom, which just didn't have the appetite for that. So Viacom ended up floating an initial public offering with Blockbuster, who went to market kind of weakened. The turnaround had not yet taken place. And so a lot of investors were very skeptical.

And the parent company at the time was a company called Viacom, which just didn't have the appetite for that. So Viacom ended up floating an initial public offering with Blockbuster, who went to market kind of weakened. The turnaround had not yet taken place. And so a lot of investors were very skeptical.

Icon, who's a very famous activist investor, sees the opportunity, swoops in, buys the company, looks at Tioko's plans to do things and doesn't have any better feeling about it than the previous owner did. And so he cancels both of those things. The reality is, if you think about something that represents, I'll call it a time zero event. So the thing is here, you can take pictures of it.

Icon, who's a very famous activist investor, sees the opportunity, swoops in, buys the company, looks at Tioko's plans to do things and doesn't have any better feeling about it than the previous owner did. And so he cancels both of those things. The reality is, if you think about something that represents, I'll call it a time zero event. So the thing is here, you can take pictures of it.

Icon, who's a very famous activist investor, sees the opportunity, swoops in, buys the company, looks at Tioko's plans to do things and doesn't have any better feeling about it than the previous owner did. And so he cancels both of those things. The reality is, if you think about something that represents, I'll call it a time zero event. So the thing is here, you can take pictures of it.

It's in the front page of the Wall Street Journal. We all know it's here. By the time you wait till then, it's definitely too late because now you're in reactive mode. And if there were any excess profits to be made, the early movers would have gotten them. But you also don't want to move too early.

It's in the front page of the Wall Street Journal. We all know it's here. By the time you wait till then, it's definitely too late because now you're in reactive mode. And if there were any excess profits to be made, the early movers would have gotten them. But you also don't want to move too early.

It's in the front page of the Wall Street Journal. We all know it's here. By the time you wait till then, it's definitely too late because now you're in reactive mode. And if there were any excess profits to be made, the early movers would have gotten them. But you also don't want to move too early.

And that's where I think a lot of these big, buzzy technologies that manage to attract a lot of venture capital money get themselves in trouble because there's a lot of ecosystem considerations that need to be taken into account. There's a lot of, can I get the talent that I need? Can I get the real estate that I need? Can I figure out how this is going to work?

And that's where I think a lot of these big, buzzy technologies that manage to attract a lot of venture capital money get themselves in trouble because there's a lot of ecosystem considerations that need to be taken into account. There's a lot of, can I get the talent that I need? Can I get the real estate that I need? Can I figure out how this is going to work?

And that's where I think a lot of these big, buzzy technologies that manage to attract a lot of venture capital money get themselves in trouble because there's a lot of ecosystem considerations that need to be taken into account. There's a lot of, can I get the talent that I need? Can I get the real estate that I need? Can I figure out how this is going to work?

So if you think about autonomous technology, autonomous vehicle technology, I don't know about you, but we were going to have autonomous technology in 2016. Remember that? And it's still kind of a promise to be gotten because I think the technology is hard enough.

So if you think about autonomous technology, autonomous vehicle technology, I don't know about you, but we were going to have autonomous technology in 2016. Remember that? And it's still kind of a promise to be gotten because I think the technology is hard enough.

So if you think about autonomous technology, autonomous vehicle technology, I don't know about you, but we were going to have autonomous technology in 2016. Remember that? And it's still kind of a promise to be gotten because I think the technology is hard enough.

But when you're talking about something that's going to affect the everyday lives of potentially hundreds of millions of people, there is risk you have to sort out. There's ownership regimes, what roads are safe for these things to go on. And so there's a whole social dimension that needs to happen in addition to just getting the tech right. And that's hard enough.

But when you're talking about something that's going to affect the everyday lives of potentially hundreds of millions of people, there is risk you have to sort out. There's ownership regimes, what roads are safe for these things to go on. And so there's a whole social dimension that needs to happen in addition to just getting the tech right. And that's hard enough.