Volatility and length, that’s the value on an option. 10 years on a startup stock, that’s a big valuable thing.
BEN HOROWITZGroupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.
More Ben Horowitz Quotes
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You’re better off being The Beatles than The Monkees, as a startup.
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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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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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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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Yeah, I became a successful entrepreneur… Eventually
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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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Your employees know each other better than they know you.
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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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It’s quite possible for an executive to hit her goal for the quarter by ignoring the future.
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In a company, hundreds of decisions get made, but objectives and goals are thin.
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A manager can’t act like a role model. They need to BE a role model.
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You know what the difference between a vision and a hallucination is? They call it a vision when other people can see it.
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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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In my experience as CEO, I found that the most important decisions tested my courage far more than my intelligence.
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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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