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So @rabois has founded or invested in a unicorn every single year, for the last 23 years straight.
What makes the best, the best?
Today we sit down with Keith and @mike_sheb @Traba_Work to discuss:
- An olympian mindset to work
- Why remote does not work
Top 10 Lessons👇
What makes the best, the best?
Today we sit down with Keith and @mike_sheb @Traba_Work to discuss:
- An olympian mindset to work
- Why remote does not work
Top 10 Lessons👇
1. What is Required at Traba:
Monday-Thursday: 12 hours in office.
Friday: 10 hours in office.
Reachable outside of hours and on weekends.
No side projects.
To win, you need to have an Olympian mindset.
Monday-Thursday: 12 hours in office.
Friday: 10 hours in office.
Reachable outside of hours and on weekends.
No side projects.
To win, you need to have an Olympian mindset.
2. Linkedin Should Have Been More Valuable than Facebook:
We did not have an Olympian work ethic.
We had French engineers who worked 35 hours per week.
Reid could not get the stellar quality of talent Mike has been able to get and that propagates across the team.
We did not have an Olympian work ethic.
We had French engineers who worked 35 hours per week.
Reid could not get the stellar quality of talent Mike has been able to get and that propagates across the team.
3. The Best Start in Their Twenties:
The opportunity cost of not giving everything to work in your 20s is insane.
The best people I have worked with were all interns.
Delian, Tony Xu, they put themselves in a position to be challenged.
The opportunity cost of not giving everything to work in your 20s is insane.
The best people I have worked with were all interns.
Delian, Tony Xu, they put themselves in a position to be challenged.
4. Why First Time Founders are Better:
The best companies I invested in are first time founders.
You do not know what you do not know, you do not accept rules,
Pair yourself with investors/board members who can identify blind spots.
The best companies I invested in are first time founders.
You do not know what you do not know, you do not accept rules,
Pair yourself with investors/board members who can identify blind spots.
5. Why Culture is Like Concrete:
Culture is like concrete in liquid form. Concrete's really malleable. But once it solidifies, it takes like a jackhammer, which is disruptive and painful to break.
I was too passive in letting the culture formulate, I have struggled to fix it.
Culture is like concrete in liquid form. Concrete's really malleable. But once it solidifies, it takes like a jackhammer, which is disruptive and painful to break.
I was too passive in letting the culture formulate, I have struggled to fix it.
6. Why Venture is Like Baseball:
If you're world class, you're right 40% of the time.
Partially because it's such a big challenge. Reinventing an industry is a heroic effort.
Being 40% right and 60% wrong is what you're signing up for.
If you're world class, you're right 40% of the time.
Partially because it's such a big challenge. Reinventing an industry is a heroic effort.
Being 40% right and 60% wrong is what you're signing up for.
7. Why Founders Fund Do Not Invest in Remote Companies:
Over the last 50 years, there are almost no examples of people building companies successfully that way.
I led Gitlab @ KV, open-source mode enabled that style of work.
Otherwise, it is very obvious why it does not work.
Over the last 50 years, there are almost no examples of people building companies successfully that way.
I led Gitlab @ KV, open-source mode enabled that style of work.
Otherwise, it is very obvious why it does not work.
8. Biggest Change Needed at Founders Fund:
We need to be younger, we need to cultivate up and coming talent.
The problem and challenge is projecting who's likely to be a great investor.
It is even harder than detecting who is a great founder.
We need to be younger, we need to cultivate up and coming talent.
The problem and challenge is projecting who's likely to be a great investor.
It is even harder than detecting who is a great founder.
9. Where do Interest Rates Go From Here:
They are not going much down.
We have sustained inflation for structural reasons for a decade.
There's many strong reasons why this low interest rate environment was a one time in history kind of world.
They are not going much down.
We have sustained inflation for structural reasons for a decade.
There's many strong reasons why this low interest rate environment was a one time in history kind of world.
10. Why Side Projects Do Not Build Great Companies:
Google has the 20% side project rule but if you are a normal company that does not have 99% gross margins and a monopoly business, then having your team spend 20% of their time on side projects will mean you do not win.
Google has the 20% side project rule but if you are a normal company that does not have 99% gross margins and a monopoly business, then having your team spend 20% of their time on side projects will mean you do not win.
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