Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.
BEN HOROWITZWhat do you get when you cross a herd of sheep with a herd of lemmings? A herd of venture capitalists.
More Ben Horowitz Quotes
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If you have never done the job, how do you know what to want?
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A CEO needs great intelligence and great courage. And I always found my courage was tested more.
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Generally the reason they fail in the job is, you made some mistake in the hiring process in that you didn’t match… them to the needs of your company accurately enough. That’s the #1 reason this fails. And that’s generally a good place to start.
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Here’s where we are and here’s what I didn’t recognize about us and about you when I made the decision, and now it is what it is.
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Hire sales people who are really smart problem solvers, but lack courage, hunger and competitiveness, and your company will go out of business.
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Your employees know each other better than they know you.
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There are no shortcuts to knowledge, especially knowledge gained from personal experience. Following conventional wisdom and relying on shortcuts can be worse than knowing nothing at all.
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It turns out that is exactly what product strategy is all about—figuring out the right product is the innovator’s job, not the customer’s job.
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How do you make your company a good place to work in general? That’s a really really really large and complex set of skills.
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When you’re making a critical decision, you have to understand how it’s going to be interpreted from all points of view. Not just your point of view, not just the person you’re talking to, but the people that aren’t in the room. Everybody else.
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The trouble with innovation is that truly innovative ideas often look like bad ideas at the time.
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It’s hard in daily life. It’s even harder in management because it’s the stress of the moment.
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Yeah, I became a successful entrepreneur… Eventually
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When I was CEO, and I’d listen to music, a lot of people listen to music and you get inspiration from it. And a lot of things in hip hop are very instructive for being in business. Particularly, hip hop is a lot about business, and so it was very useful for me in any job.
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One of the great things about building a tech company is the amazing people that you can hire.
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