Quotes of All Topics . Occasions . Authors
Newscorp has always been, for us, very easy to work with and they respect our opinions and let us run the site we wanted to. And, in fact, they wanted to keep us on. They weren't saying, hey, let's throw these guys out. They were buying into what MySpace was and the founders, and so it's been very good for me.
Our Constitution exists to secure individual freedom, the essential condition of human flourishing. Liberty is not provided by government; liberty preexists government. It's our natural birthright, not a gift from the sovereign. Our founders upended things and divided power to enshrine a promise, not a process.
Every time a twenty-something CEO turns down a multibillion-dollar offer for a company that has little or no revenues, it hits a raw nerve in me. Unlike most professionals, I am not shocked by the seemingly bizarre behavior of those founders who pursue their vision beyond all rational thought or monetary reward.
From the very first inkling of a concept, founders need to gather a target group of five to ten potential users to begin the feedback loop. We all think we know how the market will react to new ideas, but actual users live with the pros and cons of the existing market conditions every day. They are the market experts.
The Founders recognized that Government is quite literally a necessary evil, that there must be opposition, between its various branches, and between political parties, for these are the only ways to temper the individual's greed for power and the electorates' desires for peace by submission to coercion or blandishment.
Many of Reagan's listeners thought he was dreaming. But Reagan had faith in freedom. He knew that communism, although militarily powerful, was ideologically dead. He knew what our Founders knew: that, in a truly legitimate government, power does not come out of the barrel of a gun, but only from the consent of the people.
State funds, private equity, venture capital, and institutional lending all have their role in the lifecycle of a high tech startup, but angel capital is crucial for first-time entrepreneurs. Angel investors provide more than just cash; they bring years of expertise as both founders of businesses and as seasoned investors.
AdNectar was born out of a class project at the Stanford Graduate School of Business in January of 2008. The founders are all avid social network users and we wanted to see if we could discover the optimal way for advertisers to reach consumers in a way that felt authentic and organic, and yet was scalable to a mass audience.
Our founders said that everybody mattered, everybody counted. But we all know that they didn't count everybody at the beginning. They did somehow have confidence that each generation of Americans would do a better job with it and would bring more and more people in from the margins and into the heart and soul of our democracy.
The United Nations' founders understood that decisions affecting war and peace should happen only by consensus, and with America's consent, the veto by Security Council permanent members was enshrined in the United Nations Charter. The profound wisdom of this has underpinned the stability of international relations for decades.
'Shark Tank' has been a sincere joy. As our traditional venture-backed companies get bigger, the investing side tends to get more political and complicated. 'Shark Tank' takes me back to my early days working with ambitious founders in their earliest and scrappiest days. The show reminds me of what I deeply love about this business.
When I was about 6, my cousin was very active in a Filipino repertory company, doing musicals and plays. Her aunt was one of the founders of the company, and she told my mom that there were these auditions for 'The King and I,' and that they needed kids. I auditioned, got in and the love affair started from there and just kept going.
Nowadays people talk about PayPal's founders as prescient geniuses who would inevitably change the world. It was, however, not so obvious that PayPal would taste its first major success by helping people sell Beanie Babies on eBay. But they had a vision, a hope, and the perseverance to try multiple iterations until they got it right.
You know what works in venture capital? A group of incredibly smart, connected people who have the financial wherewithal and risk appetite to make multi-million dollar bets on unproven ideas and inexperienced founders. People who can make decisions quickly, and who spend their time trying to help entrepreneurs make the most of that cash.
The middle ground in Congress has all but disappeared. The founders intended competing principles and interests to check excesses and create a balance in our politics that would benefit 'we the people.' Gerrymandered districts and a hyped-up fight-night media offer a partial explanation of why we seem to have neither checks nor balances.
In 2007, there weren't any other accelerators, at least that I was aware of. We were almost the prototypical Y Combinator founders: We were highly technical but had never done a startup before. We also didn't know anyone in the Valley - investors, other entrepreneurs, potential hires. YC seemed like a great way to bootstrap that network.
Many first-time founders fail to understand the difference between the potential of the Total Addressable Market (TAM) and the very finite subsection they can hope to capture. No company ever captures the entire market they pioneer. Innovation doesn't happen in a vacuum, and others will jump in from the moment you've identified the potential.
That first company I started made a lot of money for the venture capitalists - nearly $30 million - but next to nothing for the founders. The companies I started after that varied between failures and mediocre successes. But at no point did I ever consider getting a 'real job.' That felt like a black and white world, and I wanted Technicolor.
YouTube began as a failed video-dating site. Twitter was a failed music service. In each case, the founders continued to try new concepts when their big ideas failed. They often worked around the clock to try to overcome their failure before all their capital was spent. Speed to fail gives a startup more runway to pivot and ultimately succeed.
Religious liberty is misunderstood. It simply means that the Founders said that everyone in America should have the freedom to practice and exercise their religion. Not to believe it but to exercise our beliefs - to act on our beliefs. It's not about believing privately in your head, privately in that building, or simply about freedom of worship.
People assume that the executive branch has more power than it actually has. Only the legislative branch can create the laws; the executive branch cannot create the laws. So, if the executive branch tries to create a branch one side or the other... you go back to the founders of the nation. They set up a system that ensures that it doesn't happen.
