As the world emerged from the Pandemic, industrialists realized there weren’t enough microchips to go around. When the flow of chips stopped, so did factories. Supply-chains were crippled. The economy faltered and consumers were left scratching their heads wondering… how was it possible that no one was prepared for the great microchip shortage. Really, no really! Was COVID-19 to blame, or offshoring by US manufacturers, or maybe it was due to the suspicious fires that destroyed chip factories? And can we trust that the problem has been resolved? These questions… way too complex for Jason and Peter, resulted in a conversation with Steve Blank, considered one of the top Influencers in Silicon Valley and named by The Harvard Business Review as “One of 12 Masters of Innovation”. Some of the issues they delve into: Are microchips the ‘new oil’ of the 21st century? Globalization provides consumers cheap products and record profits while making our supply chain vulnerable. China’s control of rare earth minerals needed for electronics, clean energy, aerospace, automotive and defense. Supply lines complicated by the Ukraine war. Why venture capitalists invest in companies like Theranos and FTX Jason doesn’t use chips… micro or otherwise. Learn more about our guest: www.SteveBlank.com Online: www.ReallyNoReally.com Follow us on: Instagram @reallynoreallypodcast YouTube: @reallynoreallypodcast TikTok @reallynoreallypodcast Facebook @reallynoreallypodcast Twitter @reallynoreally_ Watch full episodes on YouTube www.youtube.com/@reallynoreallypodcast See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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