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Why networking makes you richer than talent! I interviewed a Private equity MOGUL in Palm Beach, and I asked: -Where the richest people invest their money in today’s world -What he looks for when buying a company And how important it is to follow up in business.

12,732 görüntüleme • 5 gün önce •via X (Twitter)

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Palmer Luckey on the question he asked his billionaire group chat Palmer is asked how he feels about billionaires who have sold their companies and are now cruising the Mediterranean on their yachts, rather than betting their fortune to make the world a better place. He responds: “I’m in a group chat called ‘The B-Boys Club.’ It’s all boys who have sold a company for at least a billion dollars… It doesn’t exclude women. Women would be allowed. It’s just thus far only boys have applied. And for years — all the way back to when I sold my company and got invited to the B Boys Club — I’ve tried to shame people: ‘You have so much money. Why are you not doing what you know is the right thing to do with this capital?’” He asks them: “Are you going to be Batman or are you going to be you?” Palmer has succeeded in changing the thinking of some members. Others have replied that racing old vintage race cars is extremely fun. “I’ve paid my dues Palmer,” they say, “I’m not in it to stress like used to when I started my company.” To Palmer, money is just a small part of it though. These people could leverage their intelligence, network, and reputations to affect tremendous change: “Why was I able to start Anduril? Money was a small part of it… People believed in me because I was proven founder who had started a multi-billion dollar company that successfully exited. That makes it easier to recruit people. You’re in a position to do what no amount of money alone could do. You could take some guy off the street and give him $10 billion, but he won’t be able to accomplish half of what some of these people would be able to accomplish… [Reputation] is a free resource. You don’t even have to spend you’re money.” This is why Palmer hasn’t done The Giving Pledge: “When you pledge to give away your money, what you’re really saying is, ‘I think other people can do more good with my money than I can.’ and ‘I think my view of the world will be more competently executed by others than myself.’.. Maybe there are people who are truly mentally and physically not what they used to be. But for many people, I think they could absolutely achieve their goals better than handing it to a non-founder or NGO.” He continues: “My thinking is I’ve got a view as to how the world should be, and I don’t think that there’s anyone else who’s going to more-faithfully execute on that than me. When I’m all old and used up, maybe I’ll change my mind.” Source: Peter H. Diamandis, MD (May 2025)

Startup Archive

128,756 görüntüleme • 2 gün önce

Palmer Luckey on the question he asked his billionaire group chat Palmer is asked how he feels about billionaires who have sold their companies and are now cruising the Mediterranean on their yachts, rather than betting their fortune to make the world a better place. He responds: “I’m in a group chat called ‘The B-Boys Club.’ It’s all boys who have sold a company for at least a billion dollars… It doesn’t exclude women. Women would be allowed. It’s just thus far only boys have applied. And for years — all the way back to when I sold my company and got invited to the B Boys Club — I’ve tried to shame people: ‘You have so much money. Why are you not doing what you know is the right thing to do with this capital?’” He asks them: “Are you going to be Batman or are you going to be you?” Palmer has succeeded in changing the thinking of some members. Others have replied that racing old vintage race cars is extremely fun. “I’ve paid my dues Palmer,” they say, “I’m not in it to stress like used to when I started my company.” To Palmer, money is just a small part of it though. These people could leverage their intelligence, network, and reputations to affect tremendous change: “Why was I able to start Anduril? Money was a small part of it… People believed in me because I was proven founder who had started a multi-billion dollar company that successfully exited. That makes it easier to recruit people. You’re in a position to do what no amount of money alone could do. You could take some guy off the street and give him $10 billion, but he won’t be able to accomplish half of what some of these people would be able to accomplish… [Reputation] is a free resource. You don’t even have to spend you’re money.” This is why Palmer hasn’t done The Giving Pledge: “When you pledge to give away your money, what you’re really saying is, ‘I think other people can do more good with my money than I can.’ and ‘I think my view of the world will be more competently executed by others than myself.’.. Maybe there are people who are truly mentally and physically not what they used to be. But for many people, I think they could absolutely achieve their goals better than handing it to a non-founder or NGO.” He continues: “My thinking is I’ve got a view as to how the world should be, and I don’t think that there’s anyone else who’s going to more-faithfully execute on that than me. When I’m all old and used up, maybe I’ll change my mind.” Video source: Peter H. Diamandis, MD (2025)

Startup Archive

421,693 görüntüleme • 6 ay önce

Q: Why is company culture important? In the clip below, a16z cofounder Ben Horowitz argues that culture drives how people in your company behave on a daily basis—and particularly, how they behave when you’re not looking. Is that phone call so important I need to return it today or can it wait until tomorrow? Can I ask for a raise before my annual review? Is the quality of this document good enough or should I keep working on it? Do I have to be on time for that meeting? Should I stay at the Four Seasons or the Red Roof Inn? Should I go home at 5 p.m. or 8 p.m.? Should we discuss the color of this new product for five minutes or thirty hours? If I know something is badly broken in the company, should I say something? Whom should I tell? Is winning more important than ethics? None of these things are in your mission statement or OKRs, but they determine many important things for your company, such as how people experience your company, what you’re like to do business with, what your company is like to work at, etc. And as Ben describes, what drives the culture is all of the little behaviors and cues people take on: “this is what I have to do to succeed in this company.” Culture can feel abstract and secondary when you pit it against a concrete result that’s right in front of you, but it’s a strategic investment in the company doing things the right way when you are not looking. It’s the set of assumptions your employees use to resolve the problems they face every day. It’s how they behave when no one is looking. If you don’t methodically set your culture, then two-thirds of it will end up being accidental, and the rest will be a mistake. If you’re looking for a more in-depth guide to culture and how to build a great one, I’d recommend Ben’s book: What You Do Is Who You Are.

Michael McGuiness

180,634 görüntüleme • 2 yıl önce