A Quote by Sam Altman
I don't invest in companies where my mental model is that they need to get themselves acquired in the next few years - or ever.
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Today, companies have to radically revolutionize themselves every few years just to stay relevant. That's because technology and the Internet have transformed the business landscape forever. The fast-paced digital age has accelerated the need for companies to become agile.
If you were to take the lessons and experiences you've acquired in the past one year, five years or 10 years and skillfully invest that into your future, how powerful would that be? Where would you find yourself at the end of the next year?
All companies have a culture, some companies have discipline, but few companies have a culture of discipline. When you have disciplined people, you don't need hierarchy. When you have disciplined thought, you don't need bureaucracy. When you have disciplined action, you don' t need excessive controls. When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great performance.
I believe that we will see cases like these that will continue because we're talking about companies that are doing business with a tyranny and a dictatorship. And when they do business with a dictatorship, a tyranny, they will have problems like this. This, I believe, is the beginning of several problems that there will be over the next few years because we are talking about American companies that now want to get cozy with this regime, and they will find themselves in very serious problems such as those we're seeing at this time with the Carnival Company.
What is too popular may not be profitable. Don't invest in B2C companies, instead invest in B2B companies.
You don't need anyone's approval and in fact, you probably won't get it, so don't even try. Build, release and iterate. Make a list of the features you want to create over the next six months and get going! For small companies, once a week; for larger companies, maybe twice a month.
We're the only developed country in the world that doesn't have paid maternity leave. Paternity leave is just as important. Paid family medical leave so that you can take care of a parent, a child, a grandparent, whatever you need to do. I think we're shortsighted when we don't invest in our employees as companies, and as an economy, because we invest in them and they invest back in us.
I know one thing - very few writers in Southern California get to write what they want to write. We are more or less worker ants, working for either film companies or tv companies or Internet companies. We do a lot of assigned work. Feelings hardly ever enter into it. If they do, they tend to be on a sort of soap opera level.
We don't have any kind of sponsors. The players invest themselves. They need money. They need resources... That's why, in sports and teams, they have sponsors - in soccer, in the NFL. Everyone has sponsors who invest and help to pay daily expenses.
There would really be no reason to get up in the morning if Founders Fund was not willing to invest in companies that were doing important things, great businesses that very few people believe in.
Insurance companies don't necessarily want to invest in your wellnes because you're likely to switch insurance companies within 10 years. They don't benefit from their investment in you.
When the trust is high, you get the trust dividend. Investors invest in brands people trust. Consumers buy more from companies they trust, they spend more with companies they trust, they recommend companies they trust, and they give companies they trust the benefit of the doubt when things go wrong.
Never, ever invest money that you will need prior to three to five years - minimum.
Companies will need to pursue a more diversified business model, but I think those companies that have what I call a focused diversified business model will be more successful.
The next few years are going to be horrendous in the UK. The last thing we need is a Somali pirate-style raid on the few wealth creators who still dare to navigate Britain's gale-force waters.
The electric grid powers the lives of all Americans - we need to invest in the research to ensure our constituents, companies, and defense installations have electricity when they need it most.
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