Volatility and length, that’s the value on an option. 10 years on a startup stock, that’s a big valuable thing.
BEN HOROWITZIt’s quite possible for an executive to hit her goal for the quarter by ignoring the future.
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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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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When raising money, you want to look through the lens of ‘What happens when things go wrong?’
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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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The bigger you get, the harder this gets because the more aggressive the people working for you are.
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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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Yeah, I became a successful entrepreneur… Eventually
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If you have never done the job, how do you know what to want?
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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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Relationships built from a business do better than the reverse.
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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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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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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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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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It’s pretty clear that [customers] know what their budgets are now, and what they want to spend it on.
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