Patrick Byrne
Founder & CEO, Overstock.com. On 1 show, 1 appearance. The Shows tab opens the full record on each.
1shows
1appearances
14statements
4resolved
1supported
3contradicted
25%fully supported
Everything Patrick Byrne said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Patrick Byrne claims the SEC is a captured regulator for Wall Street
“The SEC is what economists call a captured regulator. You know, society sets up regulators to protect us from certain industries, but it's a standard feature of regulations, since the first regulator, the Interstate Commerce Commission, that they become captur…”
Patrick Byrne believes the crypto revolution is bigger than the internet
“I think the crypto revolution is even bigger than the internet.”
Crypto will disrupt traditional political institutions and government functions
“The crypto revolution is going to disrupt all kinds of political institutions that, that you really, we just have to wake up and remember They didn't come out of the burning bush.”
Patrick Byrne predicts a 2008-level economic crisis within two to three years
“I also think there's going to be quite soon a big, in the next two or three years, a big disruption in our economy. I think in oh eight or worse is going to happen, and with each disruption, people will shift farther into online, and then it ratchets.”
Byrne: Overstock is 10% cheaper on average than Amazon
“In many ways, we're like Amazon, except I like to say about 10% cheaper on average, and with better customer service, as several industry groups have certified.”
Overstock ran a $500M+ business with just 13 developers in 2005
“We actually didn't have the skill sets back in Oh five Oh six. We had 13 developers. We were a five, six hundred million dollar company with 13 developers.”
Patrick Byrne removed Overstock tech leaders who resisted cloud adoption
“It really ultimately it was two or three years ago. I had to remove some people who were quite obstructionist to moving into the cloud. And the new leadership has been much more receptive.”
Overstock liquidated 19 startups funded by the VCs who rejected Patrick Byrne
“We went in and liquidated 19 companies that had been funded by the same Fellows who turned us down.”
Overstock launched a partner drop-shipping marketplace years before Amazon
“And thus began our partner program. We were the first to the market with it. Amazon followed a couple years later.”
E-commerce moats stem from supply chain logistics, not marketing or strategy
“Marketing is sexy, and people come out of business school, and they want to talk marketing, they want to talk strategy, but Clausewitz said, amateurs talk strategy, professionals talk logistics. And that was about war, but it's same thing is true for, it's rea…”
WSJ named Patrick Byrne among five people who foresaw the 2008 crisis
“The Wall Street Journal wrote a story at the end of a wait saying, okay, there were five guys who figured this out and, you know, Nassim Taleb and Patrick Byrne.”
Patrick Byrne was rejected by 85 VCs while pitching Overstock
“I was turned down by 85 venture capitalists. At the height of the dot-com boom, when folks were dropping out of Stanford Business School on a one-paragraph business plan, raising a hundred million dollars, here I had run some companies. I had, I thought I had …”
Patrick Byrne: Overstock should have prioritized tech over retail initially
“If I had to do over again, I was probably wrong, or at least my emphasis was on the wrong syllable. I should have been more focused on the technology to begin with.”
One line per show, most statements first. The link opens Patrick's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 a16zLEDGER | Founder & CEO, Overstock.com | 1 | 14 | 25% 1/4 | full record on the a16z Podcast → |