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.
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 b... See more
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“Until we know we are wrong, being wrong feels exactly like being right.”
Collab Fund • Respect Each Others' Delusions
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.
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 di... See more
Lenny Rachitsky • Hiring your early team
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
“all alpha in vc is basically a derivative of having a variant view on TAM”
... See moreTelling me your product is “email”, makes me assume it’s similar to other email solutions. I will expect your competitors to be GMail or Outlook and your pricing will be similar. I will expect it to have an inbox and a way to filter spam. On the other hand, if you tell me your product is “chat” I will make completely different assumptions and I wil
"Every product in the world, the quality at the end of the day is simply a reflection of how much the people who created it gave a shit about the product."
-Tobi, founder of Shopify