Lanzone: Accept Edge Inefficiencies to Let Product Units Move Faster
“And I'll accept Inefficiencies at the edges in order to let them own the relationship with their customer and be able to develop quickly and with the expertise developed, you know, for that.”
Lanzone: AI answers expand search rather than replace traditional search one-for-one
“Number one, because I do believe it's growing the category. I don't think it's a one for one replacement for every type of search that's happening. I think that what we used to call smart answers, what Google calls one box is already bringing that directly int…”
Lanzone: Tech Turnarounds Succeed by Focusing Strictly on Existing Users
“If you have a large user base, That's product has seen better days where the you know, the team could probably be improved, where the brand had seen better days. If you just focus on crushing it for your users, for the users you already have. That that actuall…”
Lanzone: Ask Jeeves 50x'd its stock after adopting Google AdWords in 2002
“And in 2002, we switched to Google AdWords where I think we're the first ones to do that, which helped us become profitable and set our stock on a, I mean, I think we, 50 X that thing from there. And then we sold I see in February of 2005.”
Lanzone: Yahoo Is One of Apollo's Fastest Returning Deals Ever
“One of the benefits for us has been that's one of the fastest returning deals they ever had.”
Lanzone: Yahoo Cost Cuts Were Strategic as Company Remains Highly Profitable
“The costs have been naturally reduced here in a strategic way, not to save money because we didn't, you know, we've been making a lot of money. So we don't, it hasn't been for that reason.”
Lanzone: First startup raised $50M before crashing and selling to Ask Jeeves
“We raised fifty million dollars. We're going to go public. And then we crashed like you wouldn't believe with the crash. We sold what was left to ask Jeeves which is pretty much the only company that wanted us.”
Lanzone: High-performing teams require domain expertise, EQ, ambition, and passion
“And I really, when I'm hiring people, I really hire for four things. The first is I really want domain experts, right? I do not want people who are faking it till they make it. And if you are an expert, you tend to be able to understand what one looks like. An…”
Lanzone: Standard interview questions signal interviewers don't know what they want
“So I think people hide behind standard interview questions if they don't really know what they're looking for.”
Lanzone: Company values are defined by hires and tolerated behavior
“I truly believe your company values are the people you hire. Like that is 90% of it. It's also, you know, what you accept and condone, what you criticize and don't allow it's, it is.”
Lanzone: Rigidly avoiding doubt prevents leaders from taking enough risks
“I think people who are Can, ah, you know, or go by that. They just won't take risk often enough. And I actually think doubt can inform risk.”
Lanzone: Tinder neglected consumer-facing feature innovation before his arrival
“Tinder hadn't evolved in quite a long time on the consumer front. They'd done a lot on the business model front. But they had not, you know, you being a big subscriber, but on the consumer feature side, not a ton.”
Lanzone: Visionary prototype videos are the easiest tool to unblock velocity
“And so once you have that, it's really easy to get the company unblocked and moving.”
Lanzone offered to return venture capital after 2008 financial crash
“I accepted money and the crash of 2008 happened two weeks later. I offered to give the money back. And they said, no, just go ahead because some of the best companies can be created in times like this.”
Lanzone: Startup with 10k users demanded $150M Yahoo acquisition
“We just came through this period where I swear to God, a company with only 10,000 registered users wanted me to pay one hundred and fifty million dollars for them. A company with 79,000 users want someone to pay five hundred million dollars for them.”
Lanzone: Twitter was my 'white whale' company that got away
“For a long time, you know, Twitter was that company for me. It's always been my white whale. I love the product, but I always felt it could have been a lot more than it was. And so I've, I always, you know, look side-eye at Twitter as the one that, that got aw…”