A Quote by Ben Horowitz
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 really think the acoustics that Gibson's been making for the last ten years or so are as good as any the company has ever produced and that's saying a lot.
Even when I ran my bar I followed the same policy. A lot of customers came to the bar. If one in ten enjoyed the place and said he'd come again, that was enough. If one out of ten was a repeat customer, then the business would survive. To put it another way, it didn't matter if nine out of ten didn't like my bar. This realization lifted a weight off my shoulders. Still, I had to make sure that the one person who did like the place.
When there is some fear about accounting and growth and the economy, food stocks are a decent place to be, ... This company has been through a bit of a restructuring the last couple of years. Management is doing a great job. The company is improving and people are buying chocolate. So, what a great week to buy it.
My favorite bar in New York City is called Milk and Honey, a great cocktail bar.
When you're in a start-up, the first ten people will determine whether the company succeeds or not. Each is 10 percent of the company. So why wouldn't you take as much time as necessary to find all the A players? If three were not so great, why would you want a company where 30 percent of your people are not so great? A small company depends on great people much more than a big company does.
As the company grows and about this 25 or so employee size, your main job shifts from building a great product to building a great company.
For instance, let us say that a new stock has been listed in the last two or three years and its high was 20, or any other figure, and that such a price was made two or three years ago. If something favorable happens in connection with the company, and the stock starts upward, usually it is safe play to buy the minute it touches a brand new high.
At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company.
In the realm of pop celebrity, the bar has been lowered so far that there is no bar. People can be famous for being famous, famous for being infamous, famous for having once been famous and, thanks largely to the Internet, famous for not being famous at all.
I think because of my name and my dad, two things I am so proud of, the bar has always been so high in people's minds. But my bar has always been higher than that.
Engel & Volkers is unlike any other real estate company I have known and I am proud to be part of an organization that raises the bar to such high levels.
A jazz tune, melody, or composition is usually based on either a traditional twelve-bar, eight-bar, or four-bar blues chorus or on the thirty-two-bar chorus of the American popular song.
You simply can't be tentative in a startup. You have to go for it at every chance you get. And if the leader of the organization is anxious, his or her fear pervades the organization. Everything comes from the top in a company. So if you are starting a company or building one, face your fears and move past them. It's critically important to your company.
Expectations shouldn't be lowered, even if Donald Trump was just telling stories to impress the crowd around him and never grabbed as many women as he suggested. Lower the bar for what you can talk about, and you lower the bar for what is acceptable behavior.
People like to set the bar high. I like to put the bar on the ground and barely step over it. I like to keep the expectations really low.
You know, I'm behind my company. My company has been a big part of my life. And it's not that I been buying a company or that my father bought a company and tried to do something out of it. You know, it's not the same thing. It's my name, it's my company, it's my signature.
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