Eric Schmidt says that startups succeed because of a relentless work ethic, something he believes Google lost by prioritizing work-life balance over winning. Founders, though difficult to work with, are essential for pushing teams beyond their limits, much like Elon Musk, who works tirelessly to achieve results. Schmidt contrasts this with companies like TSMC in Taiwan, where even PhDs work in factories, highlighting a strong work ethic that’s often missing in the U.S. His key point: in business