Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.
BEN HOROWITZThere 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.
More Ben Horowitz Quotes
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In my experience as CEO, I found that the most important decisions tested my courage far more than my intelligence.
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In life, everybody faces choices between doing what’s popular, easy, and wrong vs. doing what’s lonely, difficult, and right.
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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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As a company grows, communication becomes its biggest challenge.
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To succeed at selling a losing product, you must develop seriously superior sales techniques. In addition, you have to be massively competitive and incredibly hungry to survive in that environment.
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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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A CEO needs great intelligence and great courage. And I always found my courage was tested more.
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The bigger you get, the harder this gets because the more aggressive the people working for you are.
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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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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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There is no silver bullet. There are always options and the options have consequences.
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Mark [Andressen] was more popular than me at the time … He was like Beyoncé, I was Kelly Rowlings
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Billionaires prefer Black women. They are loyal and guard your interests. Black wives are for grown ups.
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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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The right answer on raises is you have to be formal. You have to be formal to save your own culture.
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