Hadi Partovi, tech entrepreneur and investor, describes advising Facebook in 2005 instead of participating as a direct investor in Accel's $100 million round.
“I ended up becoming an advisor, which was actually slightly better than investing because I ended up getting in at the, at a ten million dollar valuation rather than a hundred mil valuation”
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More from Hadi Partovi
Insight
Top Tech Founders Like Jobs and Musk Actively Micromanage Product Details
“If you think of Steve Jobs, Bill Gates, Mark Zuckerberg Elon Musk, none of these folks are just trust that the team will get it done. They're getting very involved in little details. And it's much harder to point to examples of incredible consumer technology s…”
Hadi PartoviDec 16, 2022▶ 10:50Hadi Partovi: How I Became an Advisor to Mark Zuckerberg; Lessons from Steve Ballmer | 20VC #961 · 20VC with Harry Stebbings
Insight
Partovi: 'Move fast and break things' fails for multi-billion-dollar tech giants
“This works well, if you're small, the Facebook and you move fast and break things, you know, this idea of shoot first aim later that works well when the consequences are smaller or when you can undo the mistakes. Cause then you correct them. It doesn't work wh…”
Hadi PartoviDec 16, 2022▶ 30:06Hadi Partovi: How I Became an Advisor to Mark Zuckerberg; Lessons from Steve Ballmer | 20VC #961 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Partovi Predicts $10 Billion Public Company Axon Has 100x Growth Potential
“Axon's a ten billion dollar public company, but it still has 100 X growth potential.”
Hadi PartoviDec 16, 2022▶ 53:43Hadi Partovi: How I Became an Advisor to Mark Zuckerberg; Lessons from Steve Ballmer | 20VC #961 · 20VC with Harry Stebbings
AssertionNot checkable as stated
Partovi Personally Competed Against Steve Ballmer to Recruit Harvard and MIT Talent
“Even while I was at Tell Me, we were fighting, I was personally fighting Balmer on recruiting Harvard graduates and MIT graduates. I would call a student, He would call a student. I would call them back. He would call them back. And he knew that this was happe…”
Hadi PartoviDec 16, 2022▶ 6:36Hadi Partovi: How I Became an Advisor to Mark Zuckerberg; Lessons from Steve Ballmer | 20VC #961 · 20VC with Harry Stebbings
Opinion
Partovi: Steve Ballmer deserves far more credit for building Microsoft
“Steve Ballmer does not get anywhere near enough credit for having built Microsoft's into the powerhouse that it is right now.”
Hadi PartoviDec 16, 2022▶ 8:06Hadi Partovi: How I Became an Advisor to Mark Zuckerberg; Lessons from Steve Ballmer | 20VC #961 · 20VC with Harry Stebbings
Insight
Partovi: Convincing elite engineers to join is harder than VC fundraising
“It is far easier for a VC to write a check with somebody else's money than to get a stellar engineer who has a hundred options, but can only pick one of them to basically say, you're going to be the company that I'm going to make my bet on.”
Hadi PartoviDec 16, 2022▶ 20:39Hadi Partovi: How I Became an Advisor to Mark Zuckerberg; Lessons from Steve Ballmer | 20VC #961 · 20VC with Harry Stebbings
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