Larry Page spoke the other day at the Fortune Global Forum Event. His talk was about “Alphabet”. Alphabet is a holding company – and that sounds pretty boring, right? Well, perhaps not.
Alphabet is the company that Larry Page wants to be dedicated to building things for the future – things that have great value added.
Under Page’s purview, Alphabet subsidiaries control the world’s largest search engine (Google), a smart home manufacturer (Nest), a self-driving car project, an internet balloon project, and a venture capital arm. And that’s just the beginning.
Very cool. Al Wenger wrote about how capital constraints are giving way to attention constraints. This example provides us with a glimpse of what this looks like. Th pitch is about the lure of the mission rather than the potential return to investors.