Founders

#40 Insisting On The Impossible: The Life of Edwin Land and Instant: The Story of Polaroid

496 snips
Oct 2, 2018
Discover the riveting journey of Edwin Land, the visionary behind instant photography and Polaroid. The discussion dives into how his stubbornness and unique approach to innovation challenged traditional consumer demands. Explore the balance of perseverance and the necessity for disruptive creativity in technology. Hear how Land's principles resonated with Steve Jobs, shaping a new era of product development. Uncover the philosophy of making the impossible possible and the relentless pursuit of design excellence.
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INSIGHT

Monopoly Profits and R&D

  • Companies like Google, with monopolistic profits, can invest heavily in R&D, unlike smaller businesses.
  • Polaroid's 60% profit margin on film enabled such investments, similar to Google's approach.
ANECDOTE

Investment in Thinking

  • Land fostered a research-focused environment where Howard Rogers was expected to think for two years before starting color film development.
  • This approach requires substantial resources, enabled by Polaroid's high profit margins.
ANECDOTE

Inventing on Demand

  • When asked for a solution to a gun sight problem, Land told a general he'd have one by the next day, despite not having one yet.
  • He invented the ring sight overnight, showcasing his ability to invent on demand.
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