investor

“But when they actually accelerate that growth, they'll go into an even deeper negative cash flow, and then when they come back up to reach profitability, they'll start growing faster, and that's that, like, that balance that a lot of investors and sort of boar…”

“If for some reason investors decided, you know what, we're going to fundamentally change your attitude to what kind of returns we want from this business. We're going to stop thinking about it as a bridge. It needs to start spitting out cash to us right now to…”

“And then I think you're also seeing these really massive rounds because what I'm seeing is really competitive deals where investors feel like there's not that many super Unicorn potential startups. They want to pile into those, and so that drives up valuation …”

“Nothing will set up that relationship to be bad during bad times as if you over-promised when you were raising money and then disappoint, because now you've broken this bond of trust you need when you're, you know, weathering the inevitable storms that are goi…”

“Typically the people who have been investing in those communities don't look like the people in those communities.”

“An investor who only understands business isn't going to be a very good investor.”

“If the chapter on moats bores you, you're not going to be a good investor. If the chapter on moats bores you know, you, you're not going to be able to understand a good business from a bad business.”

“There is no formula, and there was a wide range of understanding and a wide range of beliefs among investors on even how Square should be valued from valuation framework.”

“In the end, you're still asking investors to put money behind a firearm, and if you're choosing between putting money behind a firearm or something else, it's easy to choose the something else.”

“The really radical thing here is there's alignment with the homeowner, alignment between the investor and the homeowner. Where when the homeowner does well, when their home goes up in value, that's when the investor does well. And that kind of alignment doesn'…”

“If you are a startup in a heavily regulated space, if you are a startup In healthcare, if you have a Washington lobbyist and know exactly what's happening in the agencies as well as what's happening on the Hill, that shows a certain sophistication and a certai…”

“I think very few investors and founders have the patience for the level of uncertainty that it takes to build a new category.”

“When everything goes great, you don't actually need it. Anybody can be okay, like any investor will be okay, and you know, it's the same with executives. The real question is when things go wrong, and they always go wrong, who's gonna, one, not hide under thei…”

“I'll tell you, it's so analogous to the way a founder and Will work with the investors, right? The VC, the board. It, it's up to you to manage that relationship. It's up to you to set the terms.”

“So much so, I don't think anybody right now actually understands how to build these, and as investors, we certainly don't understand how to evaluate them.”

“As investors, we are strongly biased towards funding project leaders since they own the project, they know the product roadmap and can lead the product roadmap and know the code base inside and out.”

“We used to do a thing in our monthly updates, back then we did monthly investor updates, where we basically had a referral leaderboard. We're like, thanks to these people for sending, you know, XYZ referrals this month. So we, like, tried to gamify it a little…”

“So, you know, socialism with Chinese characteristics also means to me investors and companies kind of lose. They're pretty miserable. Consumers win, and the national government wins.”

“It was such a hated, like, people were, man, when we started, like, figuring that out, people were just like, absolutely not. The field hated it so much. Investors hated it too. It's not the, it's somehow not an appealing answer to the problem.”

“And so if you're an investor and you're looking for diversification, there's no place to get it other than private markets.”

“The classic Question I'm sure you get that, you know, all investors get all the time is what's hot and what should I work on? And that's the wrong question to ask. Like the right question is like, what are you interested in? What do you know uniquely?”