Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.
BEN HOROWITZBusiness ends up being very dynamic and situational.
More Ben Horowitz Quotes
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I think theres a lot to be said about just enjoying your work. It can be very contrived when people say their work is for the good of mankind.
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The only thing that prepares you to run a company is running a company.
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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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Leadership is hard to train on.
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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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Sometimes an organization doesn’t need a solution; it just needs clarity.
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In a company, hundreds of decisions get made, but objectives and goals are thin.
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For example, the vast majority of security break-ins occur as a result of problems with known fixes. With an automated system, you can keep up to date.
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Over the last ten years, technological advances have dramatically lowered the financial bar for starting a new company, but the courage bar for building a great company remains as high as it has ever been.
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There are no silver bullets.
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Business ends up being very dynamic and situational.
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Early in my career as an engineer, I’d learned that all decisions were objective until the first line of code was written. After that, all decisions were emotional.
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A manager can’t act like a role model. They need to BE a role model.
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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’s pretty clear that [customers] know what their budgets are now, and what they want to spend it on.
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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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One of the great things about building a tech company is the amazing people that you can hire.
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The one thing with stress is, you’ve got to keep your focus on what you can do, not what happened to you.
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I emphasize to C.E.O.s, you have to have a story in the minds of the employees. It’s hard to memorize objectives, but it’s easy to remember a story.
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As a startup CEO, I slept like a baby. I woke up every 2 hours and cried.
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Don’t punk out and don’t quit.
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The person they’re working with, is going to be the person they’ll know more. So if that person leaves, they’re going to go – well, should have I left too? What did they get and how does that compare to my deal.
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I don’t believe in statistics. I believe in calculus.
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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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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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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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