Chanuki Seresinhe (Fractional Head of AI, PhD Data Science) — 'Nobody in the room could think of a company that got better after a significant investment'

Chanuki Illushka Seresinhe, PhD — Fractional Head of AI, co-founder of Beautifulplaces.ai — publishes a substantive Bookomi Books for Breakfast recap after hearing Eric at Soho House London. Walks through the Sol Price / FedMart / Costco story (14% markup rule, above-market pay, liquidated 1982 after the switch to 'best practice', Sinegal built Costco on the same two rules to $400bn), and cites Jack Dorsey cutting 4,000 Block jobs — followed by a 20% stock jump — as 'financial gravity at work.'

“Eric Ries, author of The Lean Startup, asked this at Books for Breakfast this morning, hosted by Richard K. Bookomi series at Soho House & Co. He was there to talk about his new book, Incorruptible. Nobody in the room could think of a company that got better after a significant investment. We all have stories where the company or the product just got worse.” — Chanuki Seresinhe on LinkedIn