The venture business is a strange one because you're making decisions about things that don't yet exist, trying to figure out whether the founder has the capacity and the ability and the drive and the intelligence and the resilience to do something with an idea that hasn't yet been tested in the marketplace.
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Capitalism is a system for generating testable hypotheses about value. Most hypotheses fail. The error isn't in failing — it's in refusing to run the experiment cheaply enough that failure remains survivable.
Michael Mauboussin — More Than You Know: Finding Financial Wisdom in Unconventional Places
Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.
Jeff Bezos
A personality-driven business is somehow both powerful and fragile at the same time. Witherspoon's whole 'homecoming' narrative is complete PR, in my opinion. She sold control of Hello Sunshine when money was dumb.
Polina Pompliano