The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Hoffman: Founder CEOs are paid 5x less than external CEO hires
“Founder CEOs are very undercompensated. Like the go forward comp for a founder CEO today, once you, let's say you're there for over four years, your go forward comp is probably five X lower than if they hired an outside CEO.”
Hoffman: LPs will cease re-upping with non-performing VC fund managers
“Well, I do think there were a lot of VCs with subpar returns that were still raising their third, fourth, fifth, sixth, seventh funds. That is very unlikely going to happen in the future. So I think you're the, sorry, VCs that were doing that from LPs. And so …”
Hoffman: Managing vendors is the top skill for the next 20 years
“The number one skill to have over the next 20 years is the ability to select and manage vendors.”
Hoffman: Venture capital firms will increasingly specialize team roles
“You're going to start to see different firms start splitting the stack a bit, and they're going to have certain people who are going to be good... You're going to start to see that much more so with investing, where if you're going to have a team anyway, and i…”
Auren Hoffman: High employee impact strongly correlates with working the most hours
“The people I've worked with who have been the most impactful people, it is extremely high, highly correlated that they also put in the most hours.”
Auren Hoffman: Most companies get far less than 40 weekly productive hours per employee
“Most companies are not getting anywhere close to 40.”
Auren Hoffman: Fully committed founders never lose investor capital
“If you ever see a scenario where a founder is putting more than a hundred percent in, I have never seen that company do less than a one X ever. That company has always been successful.”
Hoffman: Almost every company today has more vendors than employees
“Almost every company today has more vendors than employees.”
Hoffman: A data breach will put a data company out of business
“And of course, keeping that data secure is, is a huge issue, and you're going to build a security team, run penetration tests, you know, or of course you're going to be out of business if you have some sort of breach.”
Hoffman: Google has location data on 70% of US mobile phones
“Companies like Google have great access to this data because they have 70% of the phones in the U.S. That they have data on, and probably even a higher percentage of phones worldwide that they get to see all this great location data on.”
Hoffman: Nutrition tech will see little progress over the next 20 years
“On the flip side, if you think about nutrition, likely, 20 years from now, we'll still have fad diets. Just be, it's just incredibly difficult to collect all the data of, you know, everything that goes into your body, you know, your eventual outcome, which cou…”
Hoffman: China may lead in healthcare machine learning due to data regulations
“And so we could see, it's very possible we could see more machine learning innovations, or at least in certain areas, Like maybe in healthcare, for instance. We might see more machine learning innovations that happen in China than happen in, in other places.”
Hoffman: Firing founder CEOs was commonplace in the 80s/90s but rare today
“Every VC today is founder friendly, right? It's pretty rare nowadays for a founder to get fired. Whereas like in the eighties and nineties, that was commonplace for a founder to get fired.”
Hoffman: 22 of Facebook's first 25 employees left within four years
“I think 22 out of the first 25 people at Facebook left after, within the first three or four years.”
Hoffman: Insight Partners deploys a 20-person team to evaluate deals
“If you think of like an insight which is one of the more successful late stage. Like they have like a 20 person team evaluate a deal. They don't just have like one person do the whole thing.”
Hoffman: Recent tech IPOs will not hold IPO prices by Halloween 2024
“If you're saying, are they all up? I would say, I will say no. I say the chance that they're all up would be very, very would be very low.”
Hoffman: Machine learning engineers spend up to 99% of time organizing data
“So now, you know, you have these great machine learning engineers, and they thought they were going to be spending You know, all their time predicting the future, but it turns out they're spending 95 to 99% of their time organizing the past.”
Hoffman: Google ML engineers spend 95% of their time building models
“As a machine learning engineer, now you can spend 95% of your time predicting the future, which is what you want to do as a machine learning engineer.”
Hoffman: Compute power access prices have dropped every single month
“And the price, because of things like containers, et cetera, the price of access and compute power has gone down every single month.”
Hoffman: Internal data represents under 0.01% of global data for most companies
“Most companies out there, their own data represents, like, point oh one percent of the world. It's, unless you're Google, Facebook, Amazon, Tencent, a couple of others, you have a very small sliver of what's happening in the world.”
Hoffman: Oncology will see huge innovation in the next 20 years
“So the probably oncology is a place where we'll probably will see some innovation because there's a defined data set. There's, there are definitely some vendors today that have access to really good oncology data. So I expect that we'll see a lot of really gre…”
Hoffman: Privacy-preserving data querying solutions will emerge by 2022
“But I expect within the next five years, we'll probably have answers to some of those problems.”