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"We talk in Silicon Valley about never quit. But that is complete, absolute, venture capital bullshit. The incentive of venture capitalist is to put money into your company and milk you dry. The only logical desire that they would have is for you to keep trying against all odds....

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Lenny Rachitsky

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109,203 Aufrufe • vor 7 Monaten •via X (Twitter)

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David Sacks: Debt makes your company more fragile Friedberg: “I hate this business. I think venture debt's the worst vulture-like business in Silicon Valley. “ Sacks: “Right. I've always hated when founders take on venture debt. Part of it is that founders forget that they have to pay it back. They treat it like venture capital and they forget about that, and then they get surprised. But the other thing I've never liked about it is it makes you more fragile. It basically subjects you to a bunch of business covenants, and it makes it harder for you to do an abrupt shift in your business, because now you've got a bank looking over your shoulder and they want to make sure they get paid, and they have to review your financials and all the rest of it. And to your point, J Cal, the companies that have free cash flow right now are the ones that again, have the most maneuverability. I hate taking away maneuverability from founders, and that is what debt does because it subjects you to a fixed schedule of payments. And so this is always a thing to remember, whether you're a business or you are an individual, when you put on that debt, it makes you more vulnerable to big disruptions in the market.”
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David Sacks: Debt makes your company more fragile Friedberg: “I hate this business. I think venture debt's the worst vulture-like business in Silicon Valley. “ Sacks: “Right. I've always hated when founders take on venture debt. Part of it is that founders forget that they have to pay it back. They treat it like venture capital and they forget about that, and then they get surprised. But the other thing I've never liked about it is it makes you more fragile. It basically subjects you to a bunch of business covenants, and it makes it harder for you to do an abrupt shift in your business, because now you've got a bank looking over your shoulder and they want to make sure they get paid, and they have to review your financials and all the rest of it. And to your point, J Cal, the companies that have free cash flow right now are the ones that again, have the most maneuverability. I hate taking away maneuverability from founders, and that is what debt does because it subjects you to a fixed schedule of payments. And so this is always a thing to remember, whether you're a business or you are an individual, when you put on that debt, it makes you more vulnerable to big disruptions in the market.”

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Fantastic breakdown from Ben Horowitz on the history of venture capital and how the industry has evolved over time If you are building a VC firm or an entrepreneur thinking about raising money from venture capital, this is worth a listen "In venture capital, the fundamental thing you have to be is top tier. If you are not top tier, the best entrepreneurs will not take your money. There are times when the market is so blazing hot that you can be a not-important VC firm and jump into good deals to make money. But most times, if you are not top tier, you will go out of business."
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Fantastic breakdown from Ben Horowitz on the history of venture capital and how the industry has evolved over time If you are building a VC firm or an entrepreneur thinking about raising money from venture capital, this is worth a listen "In venture capital, the fundamental thing you have to be is top tier. If you are not top tier, the best entrepreneurs will not take your money. There are times when the market is so blazing hot that you can be a not-important VC firm and jump into good deals to make money. But most times, if you are not top tier, you will go out of business."

Boring_Business

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"It's not given to you. You have to go out there and put in the time. You have to go out there and earn it. You have to pay your dues. You have to do it when no one is looking-when no one is there." It's never about what you want. It's about what you're willing to do.

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"It's not given to you. You have to go out there and put in the time. You have to go out there and earn it. You have to pay your dues. You have to do it when no one is looking-when no one is there." Success is never about what you want. It's about what you're willing to do.
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"It's not given to you. You have to go out there and put in the time. You have to go out there and earn it. You have to pay your dues. You have to do it when no one is looking-when no one is there." Success is never about what you want. It's about what you're willing to do.

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"Every software product you build, fate has already decided the outcome. The market is either going latch onto your product and run with it, or it's not. Do not ship a product, find a lack of success, and then try to market your way through that. Because the binding receptors likely don't exist. Once you recognize that the market is immutable, that no amount of tweeting, LinkedIn posting, advertising is going change whether the market wants your product, then you take a different mindset." — Matt MacInnis, COO/CPO at Rippling
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"Every software product you build, fate has already decided the outcome. The market is either going latch onto your product and run with it, or it's not. Do not ship a product, find a lack of success, and then try to market your way through that. Because the binding receptors likely don't exist. Once you recognize that the market is immutable, that no amount of tweeting, LinkedIn posting, advertising is going change whether the market wants your product, then you take a different mindset." — Matt MacInnis, COO/CPO at Rippling

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This Labour government is rebuilding our NHS so that it is there for you when you need it. When you fall ill, you should never have to worry about the bill.
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This Labour government is rebuilding our NHS so that it is there for you when you need it. When you fall ill, you should never have to worry about the bill.

The Labour Party

56,140 Aufrufe • vor 1 Jahr

Naval Ravikant’s checklist for starting a company “The most important thing is there are no formulas. At the end of the day, you have to do what you love, and you have to do it even though people tell you it’ll never work. But that being said, if there was a formula [for starting a company], I would put it something like this.” Naval started seven companies before AngelList and this is the checklist he recommends running through before starting a startup: 1. Pick a great cofounder. This is most important: “You can do a company on your own, but it’s like you can raise a child on your own, but you probably shouldn’t. You need someone who’s going to be there with you.” This has it’s own checklist. Your cofounder should be: a. Very high intelligence (”hopefully they make you feel dumb, or they’re not smart enough”) b. Very high energy (”They should be extremely hardworking. A founder is someone who never has to be motivated. You should not have to be telling them to do their job.”) c. Very high integrity. (”a smart, hardworking crook who’s going to cheat you is the worst kind of person to be paired up with.”) 2. Pick a very large market. “Notice I don’t talk about the idea. I think ideas are almost irrelevant… The more important thing is that you pick a large space that you’re knowledgeable and passionate about. And then you will figure out what the right thing to do within that space is.” You want to be able to say to investors: “This is a space where there’s a huge market. I’m really knowledgeable and passionate about it. Here’s the great person that I have doing it with me. And here’s the minimum viable product that we have built. That will show that we can test in the marketplace… You iterate until you get to product/market fit… And then you go and you raise money from people you trust. And you use that money to scale.”
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Naval Ravikant’s checklist for starting a company “The most important thing is there are no formulas. At the end of the day, you have to do what you love, and you have to do it even though people tell you it’ll never work. But that being said, if there was a formula [for starting a company], I would put it something like this.” Naval started seven companies before AngelList and this is the checklist he recommends running through before starting a startup: 1. Pick a great cofounder. This is most important: “You can do a company on your own, but it’s like you can raise a child on your own, but you probably shouldn’t. You need someone who’s going to be there with you.” This has it’s own checklist. Your cofounder should be: a. Very high intelligence (”hopefully they make you feel dumb, or they’re not smart enough”) b. Very high energy (”They should be extremely hardworking. A founder is someone who never has to be motivated. You should not have to be telling them to do their job.”) c. Very high integrity. (”a smart, hardworking crook who’s going to cheat you is the worst kind of person to be paired up with.”) 2. Pick a very large market. “Notice I don’t talk about the idea. I think ideas are almost irrelevant… The more important thing is that you pick a large space that you’re knowledgeable and passionate about. And then you will figure out what the right thing to do within that space is.” You want to be able to say to investors: “This is a space where there’s a huge market. I’m really knowledgeable and passionate about it. Here’s the great person that I have doing it with me. And here’s the minimum viable product that we have built. That will show that we can test in the marketplace… You iterate until you get to product/market fit… And then you go and you raise money from people you trust. And you use that money to scale.”

Startup Archive

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The biggest scandal is that top Silicon Valley VC firms went to China and “taught them how to do early stage investing.” Venture capital is American Dynamism. “It is the thing that allows America to be dominant in the global economy.” And we just gave it away. “VCs went over there and shared information, shared limited partners, shared all of the aspects and the functions of how you build an incredible legacy defining venture firm.” Twenty years later, China has a full-stack tech ecosystem aligned with the CCP. The real scandal is not just Apple but Silicon Valley itself. Katherine Boyle
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The biggest scandal is that top Silicon Valley VC firms went to China and “taught them how to do early stage investing.” Venture capital is American Dynamism. “It is the thing that allows America to be dominant in the global economy.” And we just gave it away. “VCs went over there and shared information, shared limited partners, shared all of the aspects and the functions of how you build an incredible legacy defining venture firm.” Twenty years later, China has a full-stack tech ecosystem aligned with the CCP. The real scandal is not just Apple but Silicon Valley itself. Katherine Boyle

a16z

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"When you hot, make sure you take a little bit of that money and you put it up. You don't know when the algorithm might change. ... Take that money and invest it into something. Remember, this is not yours. It's your page, but it ain't your platform." - mojobrookzz
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"When you hot, make sure you take a little bit of that money and you put it up. You don't know when the algorithm might change. ... Take that money and invest it into something. Remember, this is not yours. It's your page, but it ain't your platform." - mojobrookzz

Club Shay Shay

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BREAKING: President Trump calls on Republicans to terminate the filibuster to pass the SAVE America Act: "We should have voter identification—voter ID. We should have proof of citizenship. We should have mail-in voting for the military and people who need it, but not for everybody. "In all fairness to the Democrats, when you have men in women's sports, when you have open borders, when you have transgender mutilation—don't listen to this, kids..." "When you have policies like that, you have to cheat. It's the only way they can win. And we shouldn't allow them to cheat. And we should terminate the filibuster because if they get the chance, they'll do it in the first hour back."
0:52

BREAKING: President Trump calls on Republicans to terminate the filibuster to pass the SAVE America Act: "We should have voter identification—voter ID. We should have proof of citizenship. We should have mail-in voting for the military and people who need it, but not for everybody. "In all fairness to the Democrats, when you have men in women's sports, when you have open borders, when you have transgender mutilation—don't listen to this, kids..." "When you have policies like that, you have to cheat. It's the only way they can win. And we shouldn't allow them to cheat. And we should terminate the filibuster because if they get the chance, they'll do it in the first hour back."

Fox News

378,825 Aufrufe • vor 3 Monaten

It's not important that your partner is an identical copy of you. It's important that they're not, that they bring something else to the table that you don't have. Now, in the context of entrepreneurship, because that's what I'm associated with, you need to find somebody that's willing to put up with the fact that you're just never there. I mean, that's very difficult because if you're running a business and you can't have a balanced life when you're an entrepreneur. It's really about finding that person that understands what you're about, that you're going down that journey and that you're not gonna stop doing it.
2:20

It's not important that your partner is an identical copy of you. It's important that they're not, that they bring something else to the table that you don't have. Now, in the context of entrepreneurship, because that's what I'm associated with, you need to find somebody that's willing to put up with the fact that you're just never there. I mean, that's very difficult because if you're running a business and you can't have a balanced life when you're an entrepreneur. It's really about finding that person that understands what you're about, that you're going down that journey and that you're not gonna stop doing it.

Kevin O'Leary aka Mr. Wonderful

17,254 Aufrufe • vor 8 Monaten

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0:29

ELON: DON'T LET THE RISK OF FAILURE STOP YOU “I think failure is bad. I don't think it's good. But if something's important enough, then you do it, even though the risk of failure is high. And so, my advice if somebody wants to start a company is they should bear in mind that the most likely outcome is it's not going to work, and they should reconcile themselves to that strong possibility. And they should only do it if they feel that they are really compelled to do it.” Source: Computer History Museum, January 2013

Mario Nawfal

107,555 Aufrufe • vor 1 Jahr

Matt Damon says fame changes your reality forever because everyone treats you differently “The experience of becoming famous, what's the most bizarre about it is, you know, intellectually, that the world is exactly the same as it was yesterday because it is. The same things that matter still matter. Except your subjective reality is altered forever because everybody treats you differently” “So the world is the same, but your world is absolutely different and never will be the same again” “I'd always heard people say, ‘You can't prepare for it. You can't. It's just something that you have to kind of deal with.’ Everybody just deals with it with whatever tools they have, whatever their foundation is” “I was very lucky to have the family that I had and the people around me that I had who just never drank the Kool-Aid because you have to be a little more vigilant about keeping the dynamic, the power balance, in all of your primary relationships exactly the same because the world is trying to tell you that you should have more power, even in those primary relationships” “Of course you can't, or else you destroy those relationships. They have to remain the same”
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Matt Damon says fame changes your reality forever because everyone treats you differently “The experience of becoming famous, what's the most bizarre about it is, you know, intellectually, that the world is exactly the same as it was yesterday because it is. The same things that matter still matter. Except your subjective reality is altered forever because everybody treats you differently” “So the world is the same, but your world is absolutely different and never will be the same again” “I'd always heard people say, ‘You can't prepare for it. You can't. It's just something that you have to kind of deal with.’ Everybody just deals with it with whatever tools they have, whatever their foundation is” “I was very lucky to have the family that I had and the people around me that I had who just never drank the Kool-Aid because you have to be a little more vigilant about keeping the dynamic, the power balance, in all of your primary relationships exactly the same because the world is trying to tell you that you should have more power, even in those primary relationships” “Of course you can't, or else you destroy those relationships. They have to remain the same”

dank

206,209 Aufrufe • vor 1 Monat

The respect of capital. If you want to be wealthy, you have to respect money. You have to understand where it fits in your life. And you have to understand that the way to get rich is not to spend it, to save it and let it grow. This is the key to success. I've been saying it for decades. You save twenty percent of your income in perpetuity, put it into the market, and you leave it alone. You start doing it in your late twenties, even if you just got the average salary, by the time you're sixty-five, you have one and a half to two million bucks. Stock market does that. You do it. But the reason most people can't is they don't have the discipline to save. They buy too much stuff they don't need.
0:53

The respect of capital. If you want to be wealthy, you have to respect money. You have to understand where it fits in your life. And you have to understand that the way to get rich is not to spend it, to save it and let it grow. This is the key to success. I've been saying it for decades. You save twenty percent of your income in perpetuity, put it into the market, and you leave it alone. You start doing it in your late twenties, even if you just got the average salary, by the time you're sixty-five, you have one and a half to two million bucks. Stock market does that. You do it. But the reason most people can't is they don't have the discipline to save. They buy too much stuff they don't need.

Kevin O'Leary aka Mr. Wonderful

56,962 Aufrufe • vor 2 Monaten

Bill Gurley makes the case for why retail access to private equity and venture capital could result in bad outcomes "If you come into it with a public market mindset, thinking that every set of financials I have been handed is audited and correct, it's just not the case"
1:21

Bill Gurley makes the case for why retail access to private equity and venture capital could result in bad outcomes "If you come into it with a public market mindset, thinking that every set of financials I have been handed is audited and correct, it's just not the case"

Boring_Business

97,888 Aufrufe • vor 7 Monaten

🚨#BREAKING - MARITIME LAW - Ok, this is epic, and it will blow your mind, if you don't even know it. Those who are awake will know. That's great and this is what we should share. So, your birth certificate is where it all begins. This is where much of the corruption begins. The moment you sign your BC, it is Maritime law. You are actually signing a form that classifies you as dead at sea. You become a commodity of the system and honestly you Google it, you research it and you probably have to be fair like I said, but it's true. You become um... In a sense, they seize all the assets and go into what they call a trust fund and then you have 6 years to declare yourself alive. Declare yourself still here and then you can regain your sovereignty. But we didn't know that. It was a system they had set up so that you and I and everyone else were traded like cattle on the stock market. So each of us has a trust fund. And depending on how old you are, it depends on how much money is there. So if you're over 50 or something, you've got millions in there because that's how long we've been traded for. And this is another thing that is also crazy. That's why the mortgage system is absolutely ruined. So when you go for a mortgage, you basically sign the papers and they always tell you, "come back in 3 days and we'll have the money." They then take that money out of their trust fund to pay for the house. So, that comes out of your trust fund in your name, which has been growing since you were born. They then charge you interest on your money, but they don't care about the monetary side. They want the house. So if you miss a payment, they'll miss out immediately, because they can repossess your house. For them the house is a commodity, an asset. Wait to share what the banks do, but this trust fund is where much of your money will come from and be returned to you. This is their money that they have earned from you. So, that's just one thing. Then you also have the tax side. Taxes have never been taken from us, it is illegal. It is a corrupt system. So, all the taxes that we pay, it is not that they are going to return them to us, like the exact amount of taxes that we paid. What I have heard on the channels is the fact that it will be bond based, so at a certain age you will get so much money back, at a certain age this... I think the 62+ category was like 110k or something like that. But obviously they'll know more about that when it comes, but that's where more money comes from. Honestly, you are ready to live a life of abundance. This is money that was ours, that should be ours, that we should have been living with to create a better life. Instead, they have put us in this corrupt system where they have been fighting and they are taking all of our money and keeping it for themselves. for themselves. I hope I have shed light on this. Many people ask where this abundance comes from. Remember that the 1% controlled 99% of the wealth that now comes back to us to live a completely different life. They will give us what is owed to us because we should never have fought like this. Join, it's not too late! 👇 ✅️
4:47

🚨#BREAKING - MARITIME LAW - Ok, this is epic, and it will blow your mind, if you don't even know it. Those who are awake will know. That's great and this is what we should share. So, your birth certificate is where it all begins. This is where much of the corruption begins. The moment you sign your BC, it is Maritime law. You are actually signing a form that classifies you as dead at sea. You become a commodity of the system and honestly you Google it, you research it and you probably have to be fair like I said, but it's true. You become um... In a sense, they seize all the assets and go into what they call a trust fund and then you have 6 years to declare yourself alive. Declare yourself still here and then you can regain your sovereignty. But we didn't know that. It was a system they had set up so that you and I and everyone else were traded like cattle on the stock market. So each of us has a trust fund. And depending on how old you are, it depends on how much money is there. So if you're over 50 or something, you've got millions in there because that's how long we've been traded for. And this is another thing that is also crazy. That's why the mortgage system is absolutely ruined. So when you go for a mortgage, you basically sign the papers and they always tell you, "come back in 3 days and we'll have the money." They then take that money out of their trust fund to pay for the house. So, that comes out of your trust fund in your name, which has been growing since you were born. They then charge you interest on your money, but they don't care about the monetary side. They want the house. So if you miss a payment, they'll miss out immediately, because they can repossess your house. For them the house is a commodity, an asset. Wait to share what the banks do, but this trust fund is where much of your money will come from and be returned to you. This is their money that they have earned from you. So, that's just one thing. Then you also have the tax side. Taxes have never been taken from us, it is illegal. It is a corrupt system. So, all the taxes that we pay, it is not that they are going to return them to us, like the exact amount of taxes that we paid. What I have heard on the channels is the fact that it will be bond based, so at a certain age you will get so much money back, at a certain age this... I think the 62+ category was like 110k or something like that. But obviously they'll know more about that when it comes, but that's where more money comes from. Honestly, you are ready to live a life of abundance. This is money that was ours, that should be ours, that we should have been living with to create a better life. Instead, they have put us in this corrupt system where they have been fighting and they are taking all of our money and keeping it for themselves. for themselves. I hope I have shed light on this. Many people ask where this abundance comes from. Remember that the 1% controlled 99% of the wealth that now comes back to us to live a completely different life. They will give us what is owed to us because we should never have fought like this. Join, it's not too late! 👇 ✅️

GP Q

616,617 Aufrufe • vor 2 Jahren

“We all have something we struggle with. You should never affirm the struggle, you should try to break free of the struggle, and only Christ Jesus is able to do that.” Charlie Kirk
0:47

“We all have something we struggle with. You should never affirm the struggle, you should try to break free of the struggle, and only Christ Jesus is able to do that.” Charlie Kirk

Turning Point USA

89,477 Aufrufe • vor 6 Monaten

Warren Buffett: "There is nothing about the price action of a stock that tells you whether you should keep owning it. What tells you whether you should keep owning it is what you expect the company to do in the future."
2:06

Warren Buffett: "There is nothing about the price action of a stock that tells you whether you should keep owning it. What tells you whether you should keep owning it is what you expect the company to do in the future."

unusual_whales

1,145,368 Aufrufe • vor 1 Jahr

Warren Buffett: "There is nothing about the price action of a stock that tells you whether you should keep owning it. What tells you whether you should keep owning it is what you expect the company to do in the future."
2:06

Warren Buffett: "There is nothing about the price action of a stock that tells you whether you should keep owning it. What tells you whether you should keep owning it is what you expect the company to do in the future."

Kevin Carpenter

134,037 Aufrufe • vor 1 Jahr

This is not funny, and I'll tell you why. This is what happens when you use government-subsidized Intel chips. You don't wanna put them inside a robot. We should have never funded that company. It should have died, and now any Intel chip in a robot, that's what happens when they get near fries. Maybe the idea of a kill switch is not a bad idea. Like, just pull one of its eyes out, it stops right there. That's the way it should be.
1:43

This is not funny, and I'll tell you why. This is what happens when you use government-subsidized Intel chips. You don't wanna put them inside a robot. We should have never funded that company. It should have died, and now any Intel chip in a robot, that's what happens when they get near fries. Maybe the idea of a kill switch is not a bad idea. Like, just pull one of its eyes out, it stops right there. That's the way it should be.

Kevin O'Leary aka Mr. Wonderful

56,065 Aufrufe • vor 4 Monaten