A Quote by Ingvar Kamprad
The company will never go to the market. We want to keep strict self-financing.
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The purpose of a business is to get and keep a customer. Without customers, no amount of engineering wizardry, clever financing, or operations expertise can keep a company going.
If companies are able to raise equity from the market, then their problems for financing incomplete projects will come to end. Investment cycle in the capital market can kick-start with the money of savers and investors.
I caution you as I was never cautioned: You will never let go, you will never be satiated. You will be damaged and scarred, you will continue to hunger. Your body will age, you will continue to need. You will want the earth, then more of the earth-- Sublime, indifferent, it is present, it will not respond. It is encompassing, it will not minister. Meaning, it will feed you, it will ravish you. It will not keep you alive.
If any company goes and does something stupid, the market is going to address that, and the rest of the industry is going to go and address that and say that is not accepted behavior, that is not an accepted practice, and it will self-correct.
If you have a company that doesn't sell its goods or services abroad and focuses only on the domestic market, it will keep paying a price.
When you're starting a company, almost anything that can go wrong will go wrong, and it will probably look like and feel like you made the absolute wrong decision to start the company. If you're not absolutely determined to solve a problem or see something through, it might not make sense to keep going.
Basically my point of view on unicorns is that private companies which have sky high valuations, it doesn't really mean anything in the real world until it's marked to market. And there's only two ways things get marked to market in venture capital: Either a company is acquired by another company for cash or marketable security, or it goes public, and then it has reporting requirements and then the market will determine the value.
My father was a person who always allowed me to do what I wanted but he told me you want to go to a stock market, first get yourself qualified. So, I qualified myself as a chartered accountant and my dad said what do you want to do? I said I want to go to the stock market. He asked what will you do? I said I invest.
The reason the social-networking phenomenon is something that I invested in early and massively - I led the Series A financing for Friendster; I founded a company called Socialnet in 1997; I founded LinkedIn; and I was part of the first round of financing in Facebook - it sounds trivial, but people matter.
And so then, keep on growing, My son. Keep on becoming. And keep on deciding what you want to become in the next highest version of your Self. Keep on working toward that. Keep on! Keep on! This is God Work we're up to, you and I. So keep on!
I just want to continue adding walls to my craft as an artist and business man. I never want to cap off, I never want to seal it. I just want to keep adding walls and keep on going as high as it can go, but I'm never gonna be boxed in, can't. That's when you lose because when you box yourself in, you know you get comfortable, you start getting complacent. I can't be like that.
If the stock market does go through a crisis of confidence, which I think clearly will happen one of these days, no one can predict just like you couldn't the dot com crash or the Lehman crash, but when it goes down it will go down by thousands of points because everyone will panic. No one owns this market today because they believe there's a huge sunny future for the United States economy. They're buying because they think the Fed can keep the thing pumped up, the bubble expanding.
And at the place where time stands still, one sees lovers kissing in the shadows of buildings, in a frozen embrace that will never let go. The loved one will never take his arms from where they are now, will never give back the bracelet of memories, will never journey afar from his lover, will never place himself in danger of self-sacrifice, will never fail to show his love, will never become jealous, will never fall in love with someone else, will never lose the passion of this instant of time.
Whatever... you pretend... if any of you be a prayerless person, or a scoffer, or a lover of evil company, in a word, if you are not a holy, strict, and self-denying Christian, you cannot be saved.
Do not keep company with people who speak of careers. Not only are such people uninteresting in themselves; they also have no interest in anything interesting. . . . Keep company with people who are interested in the world outside themselves. The one who never asks you what you are working on; who never inquires as to the success of your latest project; who never uses the word career as a noun -- he is your friend.
I hate solitude but I am afraid of intimacy. The substance of my life is a private conversation with myself and to turn it into a dialogue would be equivalent to self-destruction. The company I need is the company which a pub or a cafe will provide. I have never wanted a communion of souls.
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