Everything Diane Greene said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Greene: Board directors should never directly make operational suggestions to management
“I don't ever suggest something. That's like a golden rule.”
Greene: VMware cofounders would have thanked her for not selling to EMC
“My co-founders wanted to sell, and I thought it would be selfish not to, although they would have thanked me had I not”
Greene: Enterprise tech will consolidate into four clouds immune to startup disruption
“Everything's going to be in just a few, maybe four clouds or so, you know, there's not going to be that many of them, because like, we spend about ten billion a year in infrastructure, and so it's not going to Get disrupted by a startup, unless they invent qua…”
Greene: Board members should never dictate strategy to company management
“You don't, you totally agree, you don't want to tell them how to do strategy. I would never do that. And they're going to be better at it. I actually like to think in an early stage company you shouldn't be telling them how to do strategy either”
Greene: Directors should master one business unit to calibrate overall management
“It's important for me to have depth in one part of the company, because the company has a uniform culture, and so I have a context for anything I'm hearing about, and in a few ways I can calibrate, because when they talk about the area where I have a lot of de…”
Greene: Startup boards are either unnecessary or ignored during crises
“The reason I don't go on startups is my experience with being on startup boards is either they don't need me at all because everything goes so great. Or they really need me, and they don't want to listen to me.”
Greene: Board members add value by asking questions from outside perspectives
“The board member frames things in their mind very differently from people inside the company, and so you can often ask a question that was just coming at such a different angle from people immersed in the day-to-day that it's really useful to them. So, and I t…”
Greene: Prescriptive board members require strong management teams to filter bad advice
“You need a really strong management team if you're gonna do things like that. You have to be really careful if the management team isn't strong enough to handle, you know, because they have even more context.”
Greene: Startup CEOs open up much more to non-board members
“Cause the CEO is much more likely to open up to someone not on their board for sure.”
Greene: VMware required board members to offer annual resignations
“Thing is that you make sure, and I did this in my startup, and I don't know if startups do this, but I adopted the big board practice of you resign every year. You offer your resignation every year.”
Greene: Larry Sonsini joined VMware board out of anger at Intel
“He got so, the reason he joined was I told him what was happening with Intel, and it made him so angry, he's like, okay, I'll join your board.”
Greene: Board audit committees should frame problems as company issues, not CEO failures
“In the audit committee, when you see something not going well, it isn't really a CEO thing. It's a company thing. So, so you're not, You know, when you're doing the readout, you're just saying, we see this problem at the company. You're not saying the CEO is m…”
Greene: Having three female board members makes a huge difference over two
“And so I'm the third woman to join that board, which is, it makes a huge difference to have three instead of two.”
Greene: Google spends about $10 billion annually on infrastructure
“We spend about ten billion a year in infrastructure”
Greene used written memos instead of slide decks for VMware board meetings
“My board meetings, I never wrote slides, I just wrote a document, and it had a few metrics about how we were doing, if, you know, we were doing well, but the whole rest of it was things I was worried about or trying to figure out.”
Greene: It took a full year to understand Google's board
“My first year at Google, it was just so much stuff. I felt like I didn't have anything to offer because I was in such absorption mode, and, ah, you know, it just, it almost took a whole year to get up to speed,”
Greene: VMware easily attracted engineers, but struggled to hire business talent
“It wasn't that hard to get engineers, because we were such deep technology, they understood what we did, but getting business side people was pretty much impossible.”
Diane Greene: Founders should target wealthy investors with deep domain expertise
“And this is sort of advice I've always given people is, you want to find investors that really deeply understand what you're doing. And so, and you want to get rich people that deeply understand what you're doing.”
Diane Greene: Andy Bechtelsheim invested $300,000 into VMware's seed round
“Yeah, we got 300,000.”
Greene: VMware raised from angels, Dell, and banks instead of VCs
“Well, we didn't have VCs. So, you know, we didn't have VCs. So I took money after, after we took the money from Andy and David And John, we, ah, we raised money from Dell, and from Dell and a few banks that were wanting to take us public.”
Marc Andreessen joined Bebop's board shortly before its acquisition by Google
“Yeah, we had just raised a lot of money from A-A-A-X-Teen-Z, and Mark had joined my board.”
Greene: Startups do not need formal board committees
“In a startup, you don't tend to have committees, but you know, there's just not much going on. You're trying to get a product out the door. One product.”
Greene managed global travel by hiring hotel nannies for her daughter
“Like, when we got more advanced and started having customers and partners all over the, you know, selling all over the world, ah, she went all over the world with me, and then I would just stay at a really high-end hotel and have them hire a really high-end na…”