Everything Anand Sanwal said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Sanwal: Best practices produce average results and will not build exceptional companies
“Best practices are for losers, full stop. They're for people who want to be average. Like, nobody who follows best practices builds great companies or builds exceptional companies.”
Sanwal: Investor push that more funding increases success is unsupported folklore
“One of the most cancerous things that some And I wouldn't say it's all, but some prominent investors in sort of emerging tech companies have done is to push a narrative that more funding increases your likelihood of success. That idea is not supported by data.…”
Sanwal: Elite pedigree in hiring is overrated for challenger startups
“For us, right? But I think for us, like, pedigree has sometimes led us astray. We are, because of how we've grown and how we've sort of been brought up, we like people who are hungry and ambitious and, you know, who have a bit of the chip on their shoulder. An…”
Sanwal: Building an IMG Academy-style entrepreneurship school for 6th-to-12th grade
“What I'm trying, what we're working on is building a school of entrepreneur-ing, so it's a in-person, sixth to 12th grade school, you know, if you know the IMG Academy, right, like, for sports, right, like, the basic idea is, like, people go pro in sports at a…”
Sanwal: Education should enforce proven teaching scripts rather than artisanal improvisation
“We still treat education very artisanally, right? It's like, you know, it's like everybody's an artist. Like, oh, Sam likes teaching history this way, and Sean likes teaching it this way, and Anand likes teaching it this way. It's like, hey, just go and, like,…”
Sanwal: Odds that VC alone changes startup trajectory are close to nil
“The odds that a VC alone is going to change the trajectory of your business is close to nil.”
Sanwal: Giving early employees C-level titles causes organizational friction later
“If somebody's gonna be a CTO when you're three people, and then you get to 30, and that person no longer is relevant in that role, then you're gonna have to top them, they're gonna look like they took a demotion, it just creates all sorts of agita and anxiety …”
Sanwal: Consensus-driven culture results in a 'shit brown culture'
“If you give everybody input into what the culture's gonna become, you're gonna have a shit brown culture. And so what you got to do is say, nope, this is our culture, and we're going to spike on these two colors, and that's it”
Sanwal: Do not hire candidates with a track record of startup failures
“When you see somebody who's taking a lot of L's, like, you know, hey, I was at a startup, it failed, my prior startup had this problem, and you look at their resume, and it's just like a string of losses, like, don't hire that person.”
Sanwal: Revenue funding beats VC on cheap capital, clarity, and speed
“There are three main reasons before that I think revenue funding is the cheapest form of capital, and I'll kind of dial into these. Two, it provides clarity on where you as an organization and your team should focus, and then third, I think it helps achieve pr…”
Sanwal: VC funding would have locked CB Insights into 1000x smaller TAM
“And I think if we were not revenue funded, we'd have not seen that opportunity. I'm pretty sure that we'd have raised a bunch of money. We'd have burned time and effort on that. It's ultimately a total addressable market. For that first segment of dealmakers, …”
Sanwal: CB Insights raised $10M, untouched, and out-earns heavily funded rivals
“You know, we've raised 10, haven't touched any of it, and are doing more revenue than all of those.”
JPMorgan is avoiding blockchain and digital currency, unlike Goldman Sachs
“When you compare that, for instance, to JP Morgan, you don't, you see JP Morgan has sort of avoided the digital currency space, right? They're not doing anything in blockchain or Bitcoin you know, like Goldman is, right?”
Unfunded corporate partnerships with startups are always a waste of time
“Oh god, yeah so big companies will come to you. If you're a startup here, they'll come to you and say, hey, we don't have any money, but we want to do a partnership, and like, they'll use terms like joint value creation. Like, you should just run fast from the…”
CB Insights sees a bigger opportunity competing with McKinsey than Bloomberg
“I, you know, I really think of us more, to some degree, going after, like, McKinsey, right? So if you think about McKinsey services as a pyramid, there's sort of that bottom layer, which is sort of, you know, what are my competitors doing, and where are market…”
Sanwal: Dave & Buster's enables peer-to-peer gambling on arcade games
“I think Dave & Buster's now allows gambling on, like, Top Shot. Like, you know, Sean and I are playing against each other, like, I can literally bet Sean, like, hey, I'm gonna get 10, and you're gonna get less.”
Sanwal: None of 80 surveyed teachers use proven daily quizzing methods
“Like, it's, like, proven stuff that says, you know, if you want a young person to, like, learn something, you should quiz them daily. Like, it's shown to work, but, like, if you talk, I've talked to probably 70 or 80 teachers, not a single one can, does it.”
Sanwal: Focusing on personal branding as an entrepreneur is nonsense
“You know, if you care about your personal brand, and you really, if that's what, you know, like, all that shit is nonsense, so it won't be good for y'all.”
CB Insights has reached ~$100M ARR without a PR firm
“We're kind of in that hundred million ARR category, and we don't have a PR firm still”
Sanwal: CB Insights' outfunded competitors all failed or are struggling
“We've been outfunded by numerous competitors. They've all they've all failed or aren't doing very well. So, money is just oxygen. It doesn't buy you the ability to execute, and I think that's really important.”
Sanwal: Selling SaaS products to startups is 'the perfect SaaS hell'
“We used to sell the startups in the early days, and maybe this has evolved, but, you know, they die, they churn, they require lots of support, they don't have a lot of money, so it's kind of like the perfect SAS hell.”
Sanwal: Early-stage founders should prioritize revenue before fixing tech debt
“Don't worry about perfecting your tech too early. So again, this one changes with scale, but in the beginning, I remember we used to have conversations about, like, oh, we got tech debt, and I was like, hey, we don't have any fucking revenue. Like, I don't car…”
Sanwal: Hacker News Front Page Is Useless for Non-Developer SaaS
“Unless you sell developer tools, like, totally useless, right? We would get, we did get there a couple times. Our Google Analytics traffic spiked, and then we just got, you know, a bunch of people who said our product sucks in the comments, so that was fun.”
Sanwal: Startups Should Innovate in Product, Not HR
“Don't try to innovate in HR. So your focus is to build a product, and your innovation should be in the product.”