Ryan Smith, co-founder of Qualtrics, discusses why tech founders must maintain a source of personal identity and fulfillment outside of their corporate success.
0:00 / 0:44exact quote · 44.5s
720p mp4 · rendered on demand · StarZero watermark
“If your happiness is tied up in your business, you're never going to be happy because it's nothing but problems, whether it's customer problems, whether it's Employee problems, whether it's just frustration, like, you've got to find happiness outside, and it's one of the biggest problems I see in tech is we're all so good at what we do, and what makes us great will also kill us, and so whatever that center of gravity, whatever that piece, whether it's family, whether it's spiritual, whether it's who you are, like, that's got to carry the day, and you've got to bring that with you to what you do in tech and your job. If you don't have that, You are going to be a miserable human being, because tech will eat you up, because it's a constant state of innovation.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Ryan Smith
AssertionContradicted
Smith claims every higher education institution worldwide uses Qualtrics
“It's just not a good business model, but if you look at it now, every single academic higher ed institution in the world uses Qualtrics.”
Ryan SmithDec 16, 2016▶ 8:0420VC: Qualtrics' Ryan Smith on Building A $Bn Company & Raising The Largest Series A Since 2008 From Sequoia & Accel
Insight
Smith: Capital constraints are a necessary forcing function for startup creativity
“And so I believe that creativity comes from resource construction. You know, you're never clipping coupons if you'got fifty million dollars in your bank account, and I think that that's the necessary forcing function to be able to actually do something great.”
Ryan SmithDec 16, 2016▶ 10:1520VC: Qualtrics' Ryan Smith on Building A $Bn Company & Raising The Largest Series A Since 2008 From Sequoia & Accel
Disclosure
Qualtrics rejected Series A term sheets $100M-$150M higher in valuation
“We never optimized funding for economics. We had term sheets at a hundred and a hundred and fifty million dollars more than what we went with.”
Ryan SmithDec 16, 2016▶ 14:3920VC: Qualtrics' Ryan Smith on Building A $Bn Company & Raising The Largest Series A Since 2008 From Sequoia & Accel
AssertionNot checkable as stated
Ryan Smith had two hours to decide on SAP's $8B offer
“I had two hours to decide whether we're selling to SAP for eight billion dollars cash.”
Ryan SmithMay 11, 2021▶ 17:5620VC: Qualtrics Founder, Ryan Smith on The 2 Hour Decision Whether To Sell Qualtrics for $8Bn in Cash, Why Tying Your Identity To Your Company Will Never Make You Happy and His Relationship To Risk, Wealth and Responsibility as a Result
Insight
Qualtrics raised venture capital to de-risk after rejecting a buyout
“We actually raised venture capital because we turned down an offer, and we wanted to be able to live with ourselves.”
Ryan SmithMay 11, 2021▶ 20:3420VC: Qualtrics Founder, Ryan Smith on The 2 Hour Decision Whether To Sell Qualtrics for $8Bn in Cash, Why Tying Your Identity To Your Company Will Never Make You Happy and His Relationship To Risk, Wealth and Responsibility as a Result
Opinion
Ryan Smith: Receiving SAP's $8B cash payout was underwhelming
“The day that the wires hit, I remember sitting, we were at a president's club, so we were at a sales retreat with all of our people, and you could kind of look around, and you could see everyone's phones, right? Like, people were, like, with their spouses, lik…”
Ryan SmithMay 11, 2021▶ 21:0720VC: Qualtrics Founder, Ryan Smith on The 2 Hour Decision Whether To Sell Qualtrics for $8Bn in Cash, Why Tying Your Identity To Your Company Will Never Make You Happy and His Relationship To Risk, Wealth and Responsibility as a Result
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 1,200 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.