, 17 tweets, 4 min read Read on Twitter
🙌"A company becomes the people it hires, not the business plan it makes" - @vkhosla interviewed by @sama #FoodForThought youtube.com/watchv=TYt5yui…
(👉a thread with some of the core ideas)
🗻"If you have a large vision, you are climbing Mount Everest... and it is never a straight line. You have to be obstinate about your vision, but flexible about the tactics"
🛠️"Many investors want to get revenue and meet the plan, as opposed to collect assets for the longer ascent to Mount Everest"
💸"You can set a basecamp where you get revenue, stability, cash flow, breakeven, the ability to raise more money... but maybe you are doing it in the wrong place. Does it really help you to get to Everest?"
👊"90% of investors add no value. 70% of investors add negative value. They do advise a company when they haven't earn the right to advise an entrepreneur"
🤔About trade-offs: "I hate board members that sit in a board meeting and say 'Can you improve quality?', and 5 min later say 'Can you ship faster?' and 5 min later say 'Spend less money'"
⚡️"It is really about how the entrepreneur thinks about the problem, about how it approaches to the problem. The main success indicator is how fast they learn and evolve their plan, their rate of change"
❓"One of the best questions I use to see how someone thinks is to ask 'If I gave you 10million dollars today, what 3 startups would you consider to invest, and what are the reasons why you'd prefer to invest in those'"
👉"A business plan is totally irrelevant, other than to judge how somebody as thought about a problem"
👥"In recruiting, a 'no' is a 'maybe', and a 'maybe' is a 'yes'. The best people I've recruited in my career, they all took months to say 'yes'"
🏆"If you want to achieve a really ambitious vision, then you have to get a think tank of unreasonable people together, and below that layer, set up the reasonable people who micro optimize within the macro ideas"
🧩"Nowadays people aren't allocating equity widely enough to cofounders and team. You can use that equity (as much as 30% for non-founders) to get on board top talent and 'magnets' that can attract the best people"
🧲"If you believe a company becomes the people it hires, then your key task becomes attracting the people"
🥟"Most investors and founders prefer to set the smallest option pool, because they want to own as much as possible... but that way the pie becomes smaller. You have to work to maximize the size of the pie plus, so it doesn't matter which percentage you have"
🧬"Being generous is the single most important thing in the first 6 months of a company to engineer the best 'gene pool' for your company"
🧠"An investor is an employee you can't fire...that's how you should think about them"
@vkhosla @sama (fixed Youtube link --> )
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