You know what the difference between a vision and a hallucination is? They call it a vision when other people can see it.
BEN HOROWITZIf you have never done the job, how do you know what to want?
More Ben Horowitz Quotes
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There are no silver bullets.
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These decisions intensify when you run a company, because the consequences get magnified 1,000 fold. As in life, the excuses for CEOs making the wrong choice are always plentiful.
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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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Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.
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The only thing that prepares you to run a company is running a company.
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A lot of it is on the job training, combined with excellent mentorship.
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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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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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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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What do you get when you cross a herd of sheep with a herd of lemmings? A herd of venture capitalists.
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Most large mistakes in organizational design come from putting the individual ambitions of the people at the top of the organization ahead of the communication paths for the people at the bottom of the organization.
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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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Every time you make the hard, correct decision you become a bit more courageous, and every time you make the easy, wrong decision you become a bit more cowardly. If you are CEO, these choices will lead to a courageous or cowardly company.
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Until you make the effort to get to know someone or something, you don’t know anything.
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There is no silver bullet. There are always options and the options have consequences.
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