Stripe

“And Sequoia has been, you know, the top firm or in the top three firms, obviously it's a subjective ranking, but call it, you know, a top, unquestionably a top three firm for essentially its entire existence. And there was no other VC firm that has been a top …”

“Roughly speaking, we invest most of our effort, we don't have a precise number on it, but let's just say 70 or 80% in optimizing that which we already have, that which we already know is producing, which Turns that which there's a sort of roughly clear line of…”

“I think the three that kind of really stand out to me are this kind of rigor and clarity of thought, this sort of hunger, appetite, willfulness, determination and this, again, Warmth and desire to make people around them better off.”

“When we survey companies started with Atlas, 60% of them tell us they would not exist if not for Atlas.”

“If you can make, like, if you can make twice as many decisions at half the, kind of half the precision, that's actually often better. And then given the fact that sort of the rate of improvement of decision making with additional time almost necessarily tends …”

“I think that sort of getting that kind of rigor and clarity of thought requires sort of a joy of discovery at like, ah, this thing I believe, this rule that I thought existed, like it's actually not good in this place. And having that be an enjoyable discovery…”

“And when we thought about it and just like looked at the kind of macro figures, we saw that, you know, about at the time, two percent of all consumer spending in the world happened on the internet.”

“I think the things to optimize are the incentive structures and the, Mindsets, and the definitions of the goals, and the feedback mechanisms from the outcomes to the inputs, and the work, and the operations themselves, and all of those things, and less the bin…”

“I think so many organizations prize sort of Smoothness and smoothness of sort of interactions and trying to reduce, minimize the number of sort of ruffled feathers. And they kind of at least sort of inadvertently, if not deliberately prefer cohesion over corre…”

“There are some decisions where if I'm making it or if I have to make it, that probably suggests that something else organizationally or institutionally has broken. And I think the need for a decision from anyone, not just from me is often like only a sort of a…”

“I think disagreement over sort of instrumental efficacy, you know, well, that's rarely that problematic a disagreement because, well, if you're right, then we'll soon learn that. If you're wrong, reality will probably sort of make that pretty clear in short or…”

“I'm inclined to say, I don't know if I actually believe this, but I'm inclined to say in response to that question that decision making in organizations is slightly overrated in that organizations are not like investment entities or funds or managers in that o…”

“If you can make, like, if you can make twice as many decisions at half the, kind of half the precision, that's actually often better. And then given the fact that sort of the rate of improvement of decision making with additional time almost necessarily tends …”

“And I did this a lot at Stripe, for instance, when we were working on B to B products, that, you know, in some cases, they took a year or year plus to show direct revenue impact or volume impact, is I would call out some very big customers that we were able to…”

“When you have a writing culture, it becomes more of a permissionless environment. You know, say non-writing culture where perhaps the way big decisions are made or proposals are shared, it's usually in some meeting where perhaps you know, we have a discussion …”

“Patrick and John, until a very, very long time, as the company was scaling, and to a point where you wouldn't expect the founder to do so they were talking to customers. They were talking to users, and not only that, in many cases, they would kind of, you know…”

“I invested in Airbnb when it was probably around eight people. Stripe was probably around the same size. And then Coinbase only got involved with much later when it was a billion dollar plus company.”

“And I think the Collinson brothers are two of the smartest guys in the business.”