Note to self: It’s a good idea to ask, “What am I not doing?
BEN HOROWITZThe only thing that prepares you to run a company is running a company.
More Ben Horowitz Quotes
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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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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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As companies move to web-based computing they get a lot more servers, which are difficult to manage and control. All kinds of problems can arise – security, quality and worms.
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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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It’s hard in daily life. It’s even harder in management because it’s the stress of the moment.
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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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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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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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A lot of it is on the job training, combined with excellent mentorship.
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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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In my experience as CEO, I found that the most important decisions tested my courage far more than my intelligence.
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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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There are no silver bullets.
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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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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.
BEN HOROWITZ