The Wisdom Wall

“the way I think about it is an operator who's running a company is a, if they're good, is a grandmaster of chess. The VC, and by the way, that grandmaster of chess, this operator, entrepreneur, Is playing this chess match somewhere between 60 and 80 hours a week. And is like, really knows this thing. And it's like,…”

“Like if an antelope limps in the Serengeti, the lion will take it down even if it's not hungry. Can't even fucking help it. Uh, it's just what is, what he does. And that's kind of the nature of most VCs. This, the, the nature of it is they will, if the, if you are on the Serengeti and limping, you will, you will be…”

“And the only way to get progress In a democracy is for that, for that politician who seeks to be popular when he's under threat. When there is a threat of disruption or instability is the only time you'll get progress in Western democracy.”

“Anybody who's a small player in a market, Has a natural advantage if they're well-funded is that you can gain market share very quickly and you can force the big guy to burn money.”

“the other way where there's asymmetric going the other way is, uh, recruiting drivers. So for instance, I could give subsidies to drivers. If I'm the big guy, I can give subsidies to drivers that are like, uh, they're like, uh, thousand dollars. If you join Uber and you're, you know, you do a hundred trips in that…”

“If you just go take the first term sheet, Getting around done will actually take longer because there's no alternatives. You don't have alternatives. And then it gets weird. And then the VC will just keep pushing, pushing, pushing, pushing, getting more, more, more, more, and it gets weird to a point where it actually…”

“When it's average, it's super important To tell a beautiful story that's woven, like that, that, that's, that's like a story that numbers are woven through. It's a, it's a, it's a beautiful, entertaining, interesting story with analytical numbers woven through it. And you basically get to what I would call QED, which…”

“The right way to do it is to start with a low price... So a lot of entrepreneurs, they go and they say, they really have a, remember I said, attached to a process, not a price. So a lot of entrepreneurs will get attached to the price and not the process. And you have to be careful. It's very easy to get sucked into…”

“The problem was that I ran too close to the line in too many situations that it, it, when you are big and important, The scrutiny and the expectation is that you don't run that close to line, even if it's correct.”

“pricing in the transportation space is the sum of all strategy.”

“what you learn when you go and do what we did in China is you learn that when you go and take your business and go to China, you have to start over. So many people think that you can take your business and take it somewhere, which by the way, Uber kind of like trademarked that if there's such a thing... but China was…”

“being anti-competitive is illegal in the United States, unless you get a government official or regulator to do it for you, then it's legal.”

“You have to be careful of the ease at which you walk through it, because there is an extra power in being bothered by something that is wrong. You can get too used to wrong things happening.”

“humanoids have their place, which is let's call it low scale tasks in human design environments designed for humans.”

“Imagine if you have this equation, which is, uh, the derivative of problem solving DT. Uh, must always be greater than or equal to the derivative of problem creation DT. And if that's ever not true, you have a real problem. I call that the meta problem. So what's happening is, is that if you are creating problems…”

“Your network gives you efficiency, which then means you can get to a lower price point without subsidies that the competitor still has to subsidize.”