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Managing Partner at Compound Michael Dempsey explains why the human side of founders may matter more in the AI era. “I think it’s never been that the smartest founders are the best ones. I think you have had to be pretty smart, but I’m sure there are people smarter...

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Delphi Digital

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37,205 просмотров • 7 дней назад •via X (Twitter)

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Sequoia's Carl Eschenbach on the founder traits that matter most when scaling a company: "One of the things I absolutely look for is self-awareness in founders, and are they honest about what they’re good at? Because a lot of these founders are just incredibly intelligent human beings, and sometimes they think they can do everything. Do they have the self-awareness to say, 'I need to go get other people as part of the company to help me scale so I can focus on what I’m really good at?'" "There are attributes and characteristics of people that I look for that are way beyond the intelligence side of the equation. You can’t teach grit. You can’t teach drive. You can’t teach a great attitude. You can’t teach determination." "All of those are things that are innate and part of people, and you want to see that in these founders. When you find someone who has that passion, drive, desire, and relentless ability to fight through challenges, issues, and opportunities — and then they have the intellectual horsepower on the other side — when that comes together, that’s a beautiful thing."

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If I have to do a startup accelerator today, I will select more failed or struggling founders to be the mentors. This is why Village Capital does so well because founders mentor each other. This is the best message I have heard from an African preacher.

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William got margin called and pledged over $1B of his own stock to fund Column. He explains why extreme personal risk is what makes great founders, and why we see less of it today: "I think that the good founders bet on themselves and take an extreme amount of risk to do that. The extreme amount of risk part is something that we no longer have. But when there's literally only one door in front of you. You don't have a choice, and that fear and innate desire creates another part of you. It creates creativity, it creates inspiration. It's extremely valuable part of the founder journey. And in many ways, Silicon Valley we've actually removed that. I don't know why we don't talk about it more. If you go back to pre 2008, you're on the edge of the knife. We don't create environments where a founder has to bet themselves. I think starting companies are just too f**king safe. It's caused a lot of companies to be super safe companies like, we're gonna pivot to AI...that's not bold, that's not ambitious. It's because we are attracting founders that actually want to be employees. They don't think if I don't pull this off, I'm going to become bankrupt. My life is over and I think that's pretty healthy. That's when you bring out the rawness of humanity and I don't see that very much anymore. The weird thing is an early stage employee takes way more risk than an early stage founder. And I don't think we should actually de-risk the early stage employee. I just think we need to increase the risk for founders. I think we need to make failure much more expensive."

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.Sam Altman says without YC, OpenAI never would have existed: “The degree to which Y Combinator totally influenced everything that has happened in the last 20 years of the tech industry, startups, and entrepreneurship, I think, is only sort of understood.” “The changes that YC induced in the whole ecosystem—more leverage going to founders, young technical founders having the ability to raise lots of capital, the ability to work on ambitious things without a very proven resume—I don't think OpenAI would've been possible.”

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Former Google CEO Eric Schmidt: “The great founders are frugal” When Eric joined Google as CEO in 2001 — two years after the company had raised a $25 million Series A — he shared an office with four engineers. He even had to lend one of the founders his car when theirs broke down. He believes this frugality is common attribute of the best founders: “I can always tell when we’re dealing with a proper founder by how they are spending their money… Whenever I go to startups that have beautiful offices and really nice chairs, I cringe.” Eric continues: “The great founders are frugal. They understand that the money needs to be used precisely for certain areas. Many of the most successful founders begin with no salary at all… If you’re not prepared to live that, you don’t really understand what being a founder is like.” Video source: Startup Grind (2016)
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Former Google CEO Eric Schmidt: “The great founders are frugal” When Eric joined Google as CEO in 2001 — two years after the company had raised a $25 million Series A — he shared an office with four engineers. He even had to lend one of the founders his car when theirs broke down. He believes this frugality is common attribute of the best founders: “I can always tell when we’re dealing with a proper founder by how they are spending their money… Whenever I go to startups that have beautiful offices and really nice chairs, I cringe.” Eric continues: “The great founders are frugal. They understand that the money needs to be used precisely for certain areas. Many of the most successful founders begin with no salary at all… If you’re not prepared to live that, you don’t really understand what being a founder is like.” Video source: Startup Grind (2016)

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Former Google CEO Eric Schmidt: “The great founders are frugal” When Eric joined Google as CEO in 2001 — two years after the company had raised a $25 million Series A — he shared an office with four engineers. He even had to lend one of the founders his car when theirs broke down. He believes this frugality is common attribute of the best founders: “I can always tell when we’re dealing with a proper founder by how they are spending their money… Whenever I go to startups that have beautiful offices and really nice chairs, I cringe.” Eric continues: “The great founders are frugal. They understand that the money needs to be used precisely for certain areas. Many of the most successful founders begin with no salary at all… If you’re not prepared to live that, you don’t really understand what being a founder is like.” Video source: Startup Grind (2016)
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Former Google CEO Eric Schmidt: “The great founders are frugal” When Eric joined Google as CEO in 2001 — two years after the company had raised a $25 million Series A — he shared an office with four engineers. He even had to lend one of the founders his car when theirs broke down. He believes this frugality is common attribute of the best founders: “I can always tell when we’re dealing with a proper founder by how they are spending their money… Whenever I go to startups that have beautiful offices and really nice chairs, I cringe.” Eric continues: “The great founders are frugal. They understand that the money needs to be used precisely for certain areas. Many of the most successful founders begin with no salary at all… If you’re not prepared to live that, you don’t really understand what being a founder is like.” Video source: Startup Grind (2016)

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