Organizational culture is not about perks or ping-pong tables. It is the answer to the question: what behavior gets rewarded and what behavior gets punished when no one is watching?
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The number one thing I've learned is that investors invest in people, not ideas. You can have the best idea in the world, but if people don't trust you, don't believe in you, and don't think you can execute, they're not going to give you money.
John Kim — Invest Like the Best with Patrick O'Shaughnessy
The number one thing I've learned is that investors invest in people, not in strategies. You can have the best strategy in the world, but if they don't trust you, if they don't believe in you, if they don't think you have the capability to execute, they're not going to give you capital.
John Kim — Invest Like the Best with Patrick O'Shaughnessy
Basically, your IPO is a branding event. once in a lifetime branding event. All people care about was that it was up. That gets enormous news. And essentially JP Morgan and Goldman Sachs are now really not bankers, they're engineers. And that is they engineer scarcity and manufacturer scarcity such that these things get 20%.
The Prof G Pod