A Quote by Walter Isaacson
On Startups: "I hate it when people call themselves "entrepreneurs" when what they're really trying to do is launch a startup and then sell or go public, so they can cash in and move on.
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I hate it when people call themselves 'entrepreneurs' when what they're really trying to do is launch a startup and then sell of go public, so they can cash in and move on. They're unwilling to do the work it takes to build a real company, which is the hardest work in business.
There are two companies that the AI Fund has invested in - Woebot and Landing AI - and the AI Fund has a number of internal teams working on new projects. We usually bring in people as employees, work with them to turn ideas into startups, then have the entrepreneurs go into the startup as founders.
A lot of entrepreneurs hate big companies. But if you hate them so much, why are you trying to build a new one? The truth is, as soon as a startup has any kind of success whatsoever, it will face big company problems.
Once you start moving [market] lower, then you trigger of all sorts of things. You trigger people who have to sell because they're over-levered. So they sell their winners and their losers. They're just trying to raise cash. So, what you then get is spreading malaise throughout the global markets.
Generally speaking, experience counts for something. So you'd expect entrepreneurs who've been through the ups and downs of a tech startup to have an advantage over the newcomers. Or at least have an equal chance at success. But in fact the opposite may be true. A number of venture capitalists I've spoken with have said that too many "old guard" entrepreneurs are not being bold enough in their business decisions, and it's hurting their startups.
When it comes to starting startups, in many ways, it's easier to start a hard startup than an easy startup.
I think whether it's a good idea or not to take the startup plunge comes down to the responsibilities of the individual. If you have a family to care for or a huge mortgage payment, then quitting your steady day job to launch a startup probably isn't the best decision to make.
As a serial entrepreneur, angel investor and public company CEO, nothing irks me more than when a startup founder talks about wanting to cash in with an initial public offering.
Founders have continually struggled with and adapted the 'big business' tools, rules, and processes taught in business schools when startups failed to execute 'the plan,' never admitting to the entrepreneurs that no startup executes to its business plan.
I do think there's a difference when you see a book where you can tell the creator's doing something they really love or are really passionate about as opposed to an artist or a writer who is just doing a particular job or trying to sell a product or trying to cash in on a popular trend.
I hate pork rinds. I couldn't imagine how anybody would ever get the idea of taking skin from a pig and frying it and then trying to sell it to people. And then people actually buy it to eat it. That is the true sign of the decline of the human race.
I hate pork rinds. I couldn’t imagine how anybody would ever get the idea of taking skin from a pig and frying it and then trying to sell it to people. And then people actually buy it to eat it. That is the true sign of the decline of the human race.
That’s why people who seek out group flow often join startups or work for themselves. Serial entrepreneurs keep starting new business as much for the flow experience, as for the additional success.
As a kid growing up, I really hated being alone. I was always that kid that was like, 'Do you want to hang out? Let's go to the mall. Let's go to the movies. Let's go to the park.' I would call people and call people and call people. If I was alone when I wasn't at school, then there was something wrong.
Games take years to make, and it's important that when we launch, it can't just be a great launch catalog and then a desert for a really long time. To be honest, for a lot of developers, they'd rather not be competing at launch with all this other software.
Call-time has renewed my faith in the need for public financing of elections. Call-time is where I as the candidate, sit in a room with my “call-time manager,” and a phone. Then I call people and ask them for money. For hours. Apparently, I’m really good at it.
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