A Quote by Sarah Lacy
It's almost a cliche that great Silicon Valley entrepreneurs don't go sit on a beach when they make a lot of money; they get back to work building another company or at least investing in other people's companies.
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One of the great things about Silicon Valley is, irrespective of how competitive you might be with another company or how closely you might be working with that company, there's a great sort of give and take, and camaraderie from - between - some of the executives in the valley and some of the other investors in the valley.
Investors do not like losing money. They do not like companies that fail. They do not like entrepreneurs that fail. There is not a culture of celebrating failure in Silicon Valley or anyplace else. That is a myth. Recognize this, and if you start another business, get it to a successful point before approaching outside investors again.
The reason we have so much talent in Silicon Valley building and investing in for-profit technology companies is that markets richly reward successful ideas, no matter who invents them. But to remain competitive in a free market, companies must exercise discipline to meet quantitative goals and eventually become cashflow positive.
My friends are people who like building cool stuff. We always have this joke about people who want to just start companies without making something valuable. There's a lot of that in Silicon Valley.
There's been entrepreneurs working in the Valley for probably 50-60 years. It's not to say that you can't create that in other places, but I think people are a little bit impatient about creating the next Silicon Valley.
Just the number of people - 'Silicon Valley''s a relatively small, core cast, whereas 'The Office' was enormous. Also, I feel more of a sense of ownership of 'Silicon Valley' because I've been there from the get-go.
When I was in high school and college, I'd always been into websites, and when you'd read about sites and the companies and people behind them, they were always in Silicon Valley. This one's in Mountain View, this one's in Palo Alto. They're all right here. I knew I wanted to move out here, whether it was to work at Google or some other company.
Go work until you can get the job you that want to have. And I'm really lucky to get to work with a lot of entrepreneurs that are building some of the coolest, new stuff in the world and these guys and girls work really hard and they put in the hours and they're generous and care about other people and it's what led to their success.
You are spending millions and millions of dollars of other peoples money when you make a movie. You have to at least approach it in a way where you can see how you can make that money back for the people who are investing.
Silicon Valley does not breed great technology. Instead, the smartest people from around the world tend to move to Silicon Valley.
If you want to build a great company, get the hell out of Silicon Valley.
The worst that could happen is I lose my company and go back to being a waitress. I don't think money's a great aspiration for a lot of people that succeed. They they have other motivations that turn them on. And money was not one of mine.
Current ethos in Silicon Valley is that if you build a website that people keep coming back to and is changing the lives of millions, you can eventually make money.
There are a lot of billionaires in Silicon Valley, but in the end, we are all heading to the same place. If given the choice between making a lot of money or finding a way to make people live longer, what do you choose?
It's happening: Lou Dobbs' dream come true and Silicon Valley's worst nightmare. We're already seeing the reverse brain drain as smart immigrants take their U.S. educations and experience building companies and creating technology back to their home countries.
If you want to invest in early-stage technologies, putting a timeframe on it does behold you to Silicon Valley economics. You've got a certain time period where you have to make the money. And you have to invest that money whether you find good companies or not.
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