The Wisdom Wall

“never dismiss a good idea because of poor execution. And five people could have gotten it wrong in a row. It doesn't mean it's bad. They just may have gotten it wrong.”

“one of the ways to wreck new product development is to get too many opinions too early. Everyone's got an opinion, and especially when something's new, they're gonna tell you what they think, and then you end up having to sort of field and explain your reasons For doing what you're doing to too many people and it slows…”

“the ambition typically, or ambition is typically a word used to talk about, like, amassing, and collecting, and growing. You know, it can also mean, in my opinion, like, it should mean existing, sustaining. I'm ambitious at that level, but I don't need to go destroy the competition. That doesn't interest me.”

“one of the reasons why I don't go looking at other people's work is because once I have their work in my head, it's hard to have original ideas. Um, I actually prefer the newbie approach. Like, I don't know what the hell I'm doing. Uh, I think people who, who go into something not knowing anything about it tend to make…”

“taking cash out of a business, I think is a really healthy thing. Um, in our industry, it seems like people are always pouring money back into the business. You know, shit can hit the fan at any time, and a lot of businesses that were worth something aren't worth anything a year later, and if you keep pouring it all…”

“Don't give things away and think that volume is going to, going to help you. Like, you know, the pizza shop in the corner is not giving away pizzas for free.”

“software businesses that have, you know, basically humans and Some tech, which is cheap, either in the cloud or, you know, people just need a few laptops here and there. And there's not much that you need to get going and building a software business or tech business in most cases. So I think in those cases, um,…”

“I think a lot of tech companies act as if they are companies with huge capital expenditures, and they're not, and they put themselves in a hole. Because now they're beholden to someone else on someone else's time frame. Um, they have to become a certain kind of company. There's really like only one option. It's like…”

“So yeah, that's an exception, but like your, your B to B accounting software, you know, whatever, like, no, not that that can't be a great business. It can be, but it doesn't need the same kind of approach as, as Airbnb or Uber.”

“I think businesses really, truly just unfold. And I'm here for that. I'm not here to predict where we're going to be in three years. I don't know, don't care, frankly. There's no real advantage to me predicting that.”

“when you're that involved in every decision, and this, by the way, is very common for founders, right? You're like, this is my baby, this is my thing, I want it done this way. What you end up doing is you just create a bunch of people who are waiting to hear what you have to say about something. They're not thinking…”