A Quote by Joe Lonsdale
CEOs shouldn't worry about their budget all the time - on a day-to-day basis, they should work on managing their company, building an awesome product, developing key relationships, identifying distribution channels, etc.
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I've always wanted to see what Egypt was like when they were building the pyramids or Rome at the height of the empire or Greece - more specifically, Crete before it was destroyed. Why? Because I'm curious how we all hung out on a day to day basis, what was the chit chat, etc. Reading things in a book never gives you the feel.
Having to think so much about fictitious relationships that work or don't work, and with each relationship between characters managing to do one or other of those in its own peculiar way, I spend a lot of time thinking about relationships, real and imagined.
I was not a project manager who was managing and executing the day-to-day operational work of building HealthCare.gov. I didn't have the kind of comprehensive, detailed, deep knowledge of that project that a manager would have.
It occurred to me that building a company was the best way to align a group of people towards building something great. And its really... it's a good organizational structure where you can really reward people. If they're building something that's good, you can you work with partners and reward them if the product that you're developing work well. It's a good way to get the best people involved to build something very good.
It's all about having a product that you're proud of and coming to work every day. Those basic building blocks are the same in any business.
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.
I work out every morning for an hour while in front of the news channel or business channels, then I'll ride for four, five hours a day. So I'm on the move all the time, and I think that's the key. A body in motion tends to stay in motion. That's the law of physics.
I think you have to work with people, and when I talk about managing relationships, don't think the derogatory ''managed relationships''. It is a question of sharing emotion and feelings. The common denominator of everything can't be money, and it should not be money.
In my first start-up, I had an initial advertising budget of $5 per day total. That would buy us 100 clicks per day. At $5 per day, marketing people scoffed and said that is too small to matter. But if you think about it, to an engineer, 100 real humans everyday giving your product a try means you can really start improving.
There's no single company in the whole world that has a big-scale production base and at the same time has screening and distribution channels. Wanda Group is the first one in the world.
Building a product is easy. But building the company that builds the product is hard.
A good friend of mine once told me that each morning when you wake up, think about winning the day. Don't worry about a week from now or a month from now - just think about one day at a time. If you are worried about the mountain in the distance, you might trip over the molehill right in front of you. Win the day!
The key to success in any organization is identifying, developing, and empowering the right people.
Gone is the day where you work at a job for thirty years and retire. Millennials jump around and switch careers. I think it's important for CEOs to highlight career mobility within a company, so that employees don't get bored and continue to be stimulated.
Don't worry about people stealing your design work. Worry about the day they stop.
We live in a society of social networks, with Twitter pages and Facebook, and that’s fine, but we have contact with our work associates, our family, our friends, and it seems like half the time we are more preoccupied with our phone and other things going on instead of the actual relationships that we have right in front of us. Hopefully, people can learn from this and try to actually help if someone is battling something deeper on the inside than what they are revealing on a day-to-day basis.
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