Company Outlook - Scale 可能无法从失去创始人中恢复，公司前景黯淡 [1] - 对某些公司（old guard）失去信心 [1] Market Dynamics - IPO 周期中，可能没有公司选择上市 [1] - Microsoft 拥有相当大的优势，因为这对他们来说不是生死攸关的 [1] - 另一方可能没有优势 [2]

How did Theronos happen. The big loss there was for me personally. We signed up to do a secondary at a really good price and met with management.Something didn't feel right. Can't say that I was like, "Oh, it's a great gigantic fraud." I didn't know what it was. Did you meet with Elizabeth.No. The kind of seauite without her. And something just didn't feel right.So, we went back and we had a that form I told you about binding to transact. Oh, no. One page. One page.Simple. Companies love it. So, I ripped it ...

Leadership & Expertise - The industry observes that OpenAI now has two non-technical CEOs, which is considered unusual [1][3] - The author believes non-technical CEOs often fail in tech companies due to the rapid pace of technological change [2] - The author suggests non-technical CEOs excel at sales, marketing, and financial adjustments but struggle to understand the product's core technology [2] Talent & Innovation - Despite losing personnel, OpenAI's CEO Sam Altman possesses exceptional recruiting abilities [1] - Sam Altman is considered an "S tier" talent, but the appointment of a second non-technical CEO remains surprising given OpenAI's technological innovation [3]

So, one of the first employees I hired, he was working as an analyst with me. This is like 2014. I was telling him this story about how my mind exploded when I was in college and I could download Metallica on Napster.And he's like, you know, you've heard of Spotify, right. And I'm like, yeah. He's like, well, maybe we should buy some shares in Spotify.And we started searching around and we found a celebrity that was going through a unfortunate change of life scenario and a divorce and he had like $4 million ...

I bought into the whole hook, line, and sinker of the entire problem in my opinion of Silicon Valley. What is that problem. Losing focus of what you're hired to do and paying more attention to the lifestyle that comes along with being a money manager and the circles that you roll in and about the deals that you're doing and the money that you're managing versus at the end of the day, the actual value you're creating for your people who have trusted you with their capital and making a difference for your und ...

We were the largest shareholder of Corsera through our strategy. We owned 16% of Corsera when it went public. What did it go public.Huh. We sold the stock at 36 bucks a share and it's $8. $800 million back to LP. ...

So when we go down to that first 35, that's how many companies give or take? Like seven. But most of it is Alibaba, Spotify, Palunteer, and Twitter. This is just dumb block. Come on. I'm not that smart. I mean, we made ridiculous sums of money for LPS in that period. We made a ton of money on Lyft and we lost money on Uber. What? Yeah. How does that work? 40% of my third fund went into Spotify. I went back to our LPs and said, "Listen, we weeded up. We need to pivot. We need another 300 million bucks becaus ...

One of the strategic opportunities was to create Only Fans many many years before Only Fans and we decided not to do it. How does that come as a strategic opportunity and why did you decide not to do it. The reason why I'm saying that we could have done it is because this was actually bubbling within the first versions of Fiverr organically.We didn't have a category for that. We started noticing this was happening behind the scenes. There were like code words that people spread on social and said, "Oh, go t ...

Some companies that were once worth a billion dollars can go to zero. Easily done. Rich Wong Excel said 20% of unicorns this week will just fail.This is pretty rough and tough, but my gut would be it's roughly 20% will be good enough to get public in the end. 20% will totally maybe 25 in each site just for arbitrary sake. And then 50% in the middle are meaningful enough to be valuable but not so meaningful that they'll get public and they'll be merged.They'll combine with someone else that'll be PE. But it' ...

So you're the guy who puts ads in my Dualingo. But I did that. Yeah.Jeem Canu, CPO at Dualingo. Gem leads product strategy for over 90 million monthly active learners. Consumer products live and die in the pixels.Product managers are sometimes viewed as I'm the mini CEO. I decide strategy and then people execute. That is like the worst definition of a product manager that I've ever heard.So if someone is actually creating more output with AI, well, they'll probably get promoted faster. Why would you write s ...