A Quote by Barry Diller
There's no way you can predict what is going to happen in six months or two years in most businesses, and certainly not for businesses that are growing at the rate that we have grown.
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Because I work with entrepreneurs who own businesses, I have found Doug Tatum's No Man's Land to be a really helpful body of working knowledge. It's very applicable to most businesses that have the usual problems of growing businesses - managing people, capital, markets, etc.
There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.
And what's interesting, and I don't think a lot of Americans understand this fact, is that, one, most new jobs are created by small businesses; two, most small businesses pay tax at the individual income tax, or many small businesses pay tax there.
If you look at America, one of the great strengths of America is its university towns and the way a lot of their businesses and a lot of their innovation and enormous economic growth have come from reducing that gap, getting those universities directly involved in start-up businesses, green field businesses, new development businesses.
It's easy to grow 300% in your first year or two, when you're starting with nothing and people first hear about your service. What separates a potential colossus from other businesses is the capacity to keep growing at that rate in years four, five, and beyond.
Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.
Women are opening businesses at twice the rate of men ... Forty percent of businesses will be owned by women. Women are saying, I don't belong in this company. I'm sick of fighting this battle.
I'm not going to entertain something that took place not three months, not six months, not a year but two years ago. I'm not going to sit up here and say anything about it, whether I did or did not do it, because I don't want to beat a dead horse talking about it. It's not going to affect me any way, shape or fashion.
...we're going to be in an economic slowdown for a couple of years. So to take three months, four months, six months to spend this money the right way-we're not going to get a chance to spend a trillion dollars again! Ever. So let's do it the right way.
I think that today, more so than ever, corporate responsibility is the best strategic as well as financial path that most businesses can follow. For most businesses there are both compelling reasons to be responsible and compelling statistics that validate that responsible businesses do better according to traditional financial metrics. Of course, how you define "responsible" is somewhat of a conundrum.
Businesses once grew by one of two ways; grass roots up, or by acquisition... Today businesses grow through alliances - all kinds of dangerous alliances. Joint ventures and customer partnerings which, by the way, very few people understand.
I spent most of my career operating businesses and fixing businesses, not staring at a Bloomberg screen.
I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
Capitalism is the best way of organizing economic activity for a lot of reasons. It unlocks a higher fraction of human potential, it balances supply and demand, it's more consistent with higher levels of freedom. But the way we're pursuing it now, focuses on such short-term horizons, that a lot of businesses and investors are tempted to look at investments in terms of what's gonna happen in the next 90 days, what's gonna happen in one year. But the old phrase, "Good things take time," is true of successful businesses as well.
Businesses acting as businesses, not as charitable donors, are the most powerful force for addressing the pressing issues society face(s)
I think if you look at the commonalities between eBay, PayPal and OpenTable, all three are businesses that built a network in a vertical. Network effect businesses are very attractive businesses.
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