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DLD Conference - DLDnyc 15: 'The Fifth Horseman' with Scott Galloway
<BR>Amazon, Apple, Facebook, and Google are the four horsemen, companies who are collectively the size of Lexington, ...
2015-05-06 17:20:00 -0400
2015-05-06 17:35:00 -0400
PT15M
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555 W 18th St, New York, NY 10011, USA


The Fifth Horseman


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IAC Building, DLDnyc Stage
555 W 18th St, New York, NY 10011, USA

The Fifth Horseman


Amazon, Apple, Facebook, and Google are the four horsemen, companies who are collectively the size of Lexington, Kentucky and have the GDP of Australia. Can any other company join their ranks? In his talk at DLD NYC, Scott Galloway discusses the contenders for the fifth horseman position and ranks their likelihood to join their top tier based on an eight-piece algorithm.


The fifth horseman must have a differentiated product, cheap access to capital, a global consumer-base, a maternal attitude towards employees, inventory control through vertical distribution, knowledge consumer identities, a strong brand used as a vanity play and technical literacy. Seven companies (Uber, Alibaba, Starbucks, Linkedin, Tesla, Nike, and Walmart) come close, but none have demonstrated all of the above characteristics. Walmart, Linkedin, and Alibaba don’t have a brand people want to associate with. Starbucks spends more on its employees than on coffee beans, but does not have access to cheap capital. Tesla has a finite consumer base rather than a global one. And although Nike is a prestigious global brand and a fantastic place to work, its product is not all that differentiated from competitors.


Uber was the closest brand to the four horsemen. One million people ride the service every day, which is more than the Chicago CTA or Boston T. At 162,000 drivers, Uber’s employee base is triple that of Delta Airlines. So where does Uber lag in the algorithm? It does not have a maternal attitude towards employees, as it has access to the cheapest source of on-demand labor without unions or health insurance. While that is good for users and the company, Scott Galloway questions its benefits for society.

SPEAKERS

Quad scott
Scott Galloway
L2 Inc.
Founder & CEO, NYU-Professor
L2 Inc.
https://dld-conference.com/users/scott-galloway
New York
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