"'Stay close to the money.' If you're not close to the stream of cash flow, if you're not directly responsible for winning the bread, and bringing in cash, you're expendable... Cash flow is a lifeblood."
"Time is the most important thing our brain uses to perceive causality. Anything more than 2 seconds has been shown to inhibit our ability to see a cause and effect relationship - unless a reason is given."
"And in most businesses... people end up being the most important thing you've got. Remember that more often than not you're betting not on a business, but on a person that will build, evolve and adapt a business"
"the two most important things that kids (especially inner-city kids) require for a successful education are (1) picking the right heroes and (2) developing a deep desire to learn"
"Today, we still need liquid fuels to power our cars - but soon enough we'll have electric fleets and the most important question won't be the price of oil but the price of electricity to run our cars"
"A phenomenal individual is... a spinning force that pulls people in. The most important thing we can do as a firm is have the good judgment in finding and picking these people and convincing them that Lux is their partner for the next 5 or 10 years"
"'Edge' is the most important thing any competitor in any arena must possess... Overt or covert, widely signaled or held as trade secret, it is a competitive advantage that makes playing unfair"
"Yahoo founder Jerry Yang told me he thought the market had jumped the shark... with Snapchat, Oculus, and WhatsApp. But he said the most important thing I heard: he capitulated. Now, he said, he thought it could go on for two more years and maybe more"
"the two most important questions [were/are]... Number one: Why should you exist?... Number two: If your hypothesis is right that these are the next waves, what is going to stop Kleiner, Sequoia, Benchmark, Accel from blowing you out of the water?"
"I think the most important thing in business... I am psychotic about competitive advantage. What can you do, or what can you assert that you can do that will scare competitors that nobody else can do? From that flows good unit economics"
"The most important conversation, the most memorable, was when we went to Bill... all these crazy areas of emergent tech, and I said, 'I want to put our money where our mouth is now in this space, actually I want to put your money where our mouth is'"
"Survive is number one... To me, it is the most important thing in life. Some people don't want to have kids, and some, but I just, to me it's everything."
"today, the technology, and this is actually a really crazy thing. There are tools, like something called generative design. This to me is one of the most important areas of technology that I want my kids to understand"
On the most important things that people don't know about him: "I love heavy metal and hardcore. I grew up going to a mosh pit in Brooklyn... And I like skateboarding and I like people that just have this sort of gritty rebel side"
"I think the single most important thing for anybody is to build your brand, be differentiated, be indispensable, stay close to the money, find where the capital is flowing and stay close to it"
2/ Highlights from @joe_philleo’s answer to “Why did Peter Thiel and Joe Lonsdale found Palantir?”
3/ The Straussian Moment, calls for a reevaluation of the post-Enlightenment worldview on the grounds that mainstream Western philosophy fails to understand and provide a response to the increasingly powerful and dangerous individuals driven by non-economic concerns
2/ Transistors, which are made from newly developed materials called semi-conductors, can be [substituted] for many types of vacuum tubes and, at their best, are more compact, more durable and require less electrical energy.
2a/ The public is most familiar with these remarkable electronic circuitry components through portable radios or hearing aids with a greatly extended battery life.
1/ Recently been on an @APompliano binge, and recently came across this article (from 2017!!) where he breaks down the genius of @stoolpresidente and shares why @barstoolsports will become the most powerful media org in the world.
Very relevant for today's media landscape.
2/ Barstool Sports is building the most valuable media company in the world
I say that in a sensationalist tone to grab attention, but there are real drivers behind the sentiment that make it possible. The relatively small team has built a large, hyper engaged audience
3/ The magic is driven by charismatic personalities, a cultural obsession with memes/humor, and a system level evolution in distribution platforms
2/ I focused on “all things tech, and it was at a time when nobody gave a shit about it because there was just no money in it. So I was cheap. I was young, and it was an opportunity to not have to sit in purgatory for a long long time. So I kind of made that my focus.”
3/ we ended up incubating companies like @funnyordie out of that ecosystem where Will Ferrell was the client. We said, hey here’s a great opportunity for us to build a business around a sort of seminal talent.