Mario
@stoev
Mario
VC business model isn't to build a traditional profitable business that beats the competition by providing a superior product/service for a competitive price. It is to dominate the competition by subsidizing the real cost to consumers, until you have taken over the market and can raise the price and lower the quality of the product/service.
On the time YC cofounder @jesslivingston tore me a new one and changed the future org structure of Ramp:
At YC, we attended weekly office hours where every startup shared 1/ their weekly growth %, 2/ their biggest problem, and 3/ what they were doing to solve it.
That week in summer 2015 our... See more
In order to be credible, you must be authentic and true.
om.co • Brunello Cucinelli
To be credible, you must be consistent in the way you behave. Someone can say to you, “Listen, two years ago, you said something different.” In a split second, they know. That’s where lies that wonderful future for mankind.
Creating the supply of an otherwise scarce resource will make you very rich. If you control the supply of something scarce, you control the economics associated with the resource, and can create monopolies of many kinds.
Alex Crompton • 21st Century Alchemy | Entrepreneur First
“A little learning is a dangerous thing”
People who know only a little do not understand how little they know and are therefore prone to error.
This quote is from a poem by Alexander Pope.
Altman increasingly argued that “AI could lead to resource abundance,” meaning it could eliminate massive numbers of jobs and concentrate resources in the hands of a few, said Matt Krisiloff, a friend and former colleague of Altman’s who spearheaded the universal income project and now heads a fertility start-up that Altman invested in. “He has a... See more
Article
“Until we know we are wrong, being wrong feels exactly like being right.”
Collab Fund • Respect Each Others' Delusions
Segment and Amplitude hired a customer success/support person as employee #1. Here’s Calvin French-Owen (co-founder of Segment) on why they did this:
“ There’s something really magical when you write in to a startup and they fix your issue within a few hours. It’s something you’d never, ever expect from a big company, and it was one way for us to... See more
Lenny Rachitsky • Hiring your early team
