Surviving Success: Why Mishandling Growth Kills Businesses Despite Massive Demand

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The Watchtower - Mission Critical and Data Center Perspectives 31 min 2 speakers 5 chapters transcribed 1 month ago
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What is the main topic discussed in this episode?

Zach Pena 0:15
Hey everybody, welcome to another episode of The Watchtower by Empirics Partners, a strategic sourcing and procurement advisory specifically designed for the mission-critical space. I'm Zach Pena, CEO here at Empirics, and I'm joined by my Chief of Staff, Ethan Summers. We focus on conversations on the data center industry, providing perspectives and insights into what's changing and the mindsets required for long-term success at scale. Let's get into it.
Ethan Summers 0:45
Zach, I feel like every time we get on a podcast, we're talking about the wild times and the data center industry. And we've started talking more and more about fiber and power and all these different constraints. And the scale of it's just gotten so out of control. I mean, gigawatt canvases aren't even a joke now. They're taken for granted. And one of the trends that we're seeing emerge is these new failure modes that success brings. I mean, it used to be you'd go out and get a handful of megawatts, maybe a few dozen megawatts, and that was radically successful. And now you have people who are building their first or second data center taking down a gigawatt at a time. Success introduces new failure modes.
Ethan Summers 1:19
And I think that's what we should focus on today is understanding the challenges that come with that. What do you think?
Zach Pena 1:26
Yeah, it should be pretty interesting and applicable to almost anybody listening.
Ethan Summers 1:31
Cool. Let's get started. I think the place I'd want to start is talking about the idea that many businesses die not from lack of demand, but from mishandling growth. And I think that's definitely topical. That's thematic in this industry. But it's kind of a paradoxical idea, right? How do you possibly die from having too much success? I think it's weird, right? How do you die from having too much growth? Like my steak is too juicy. The lobster is too buttery. How does that happen?
Zach Pena 1:55
I mean, the first thing is that people don't understand that everything starts with a beginning point that people are comfortable with. And a business will start in a way that the founders are like, yeah, that makes sense, or we have a passion for this, or whatever. And then that idea, that passion, that setup, evolves. And if it evolves properly, you see growth. If it doesn't evolve properly, you either see stunted growth or you see failure. And when it does actually produce growth, that's when that great idea, that great function, that great thing either last five days, 10 days, a year, but eventually it breaks because it was based off a premise that no longer exists. And I think that's where a lot of people, if they're not proactive of understanding what's around the corner from how their business is interacting with the market or how the market's interacting with their business, and they don't see that breaking point of those cracks because they're so distracted by the success, that's when this can get real fun real fast.
Zach Pena 3:03
And that's type two fun, not type one fun.
Ethan Summers 3:05
Oh, as Scott, the SVP on our team, likes to say, sometimes that's just type three fun and that's just not fun. Exactly. I think for me, it's almost the transition from individual willpower and individual charisma and talent into do you have a system or not? Because there's so many things that scale, but your time, your attention, knowing where to focus. I won't say it's easy at a smaller scale, but it is simpler. In theory, yeah. There's the target in front of you.

How does rapid success create new failure modes in the data center industry?

Ethan Summers 3:32
You hit it or you don't. It's very scary and very hard, but that is the target. And as you scale, there's more targets that have to be hit.
Zach Pena 3:39
I mean, it's aim small. Aim small, miss small is really easy when you are either a sole practitioner, a small team, or a team that's so hungry regardless of the size that they can hyper-focus. But as soon as you start getting success, you either start adding team members You start getting distracted by the shiny things, right? Or your very large team starts focusing on multiple different products, avenues, approaches. And regardless, however you started isn't going to be the way that that is going to be handled.

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