Bryant Wu

Chen talks about how Network effects aren’t one singular effect, but rather made up of three distinct forces:- The Acquisition Effect which allows products to tap into their network to drive growth in users more cheaply as the network grows- The Engagement Effect which involves user engagement going up as the network grows- The Economic Effect whic... See more

Now juxtapose that against partnering with Altimeter, where our principal goal is long-term ownership in your company and to do whatever we can to enable your success. We don't act like agents. We act like owners. We're totally aligned with you. So I mean, we can get you public in a fraction of the time, reducing market risk. You set the price. You... See more

You have to continue to be adopting your decision framework. One was whenever I saw a bargain, I should run. It's a sign of no heat. Whenever I did a bargain, I regretted it later. Whenever I was forced to pay up, to date that has been a very good basket of companies

One of the most important lessons for me, another lesson learned, in the areas I invest in, which is largely consumer, I think it's critical you have a theory and defensibility. And for me, that defensibility typically has been network effect.

There are multiple ways an idea can fail at scale, and to achieve high voltage, you must check each of the Five Vital Signs: false positives, misjudging the representativeness of an initial population or situation, spillovers, and prohibitive costs. Any one of these alone can sink your ship.

Like you said, you examine the invention and then it tells you so much about the inventor. What that also tells me is if I were, instead of an investor at that moment at Y Combinator, if was trying to decide if I was going to go work there, that was going to be the way I could tell I wanted to work there

He doesn't much believe in massages and lattes. But not because he's against massages and lattes in Silicon Valley. It's more because he has lived through market cycles where things get really tough. And he knows that there are market cycles and product cycles where you will be able to push the advantage if you've had the discipline during the good... See more

What kinds of actions did that mean when you were at eBay operating to try to promote price discovery or price equilibrium or something like that? What were you literally doing? Jeff: The most interesting thing is early on we try all these initiatives that we baked on our own and debuted the community. And we found out the leverage was way more to ... See more