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.
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Consumers, conditioned by heavy promotion and by habit, did not bolt even as prices of some of their favorite soaps and cereals increased by 5% or 8% a year. And so profits increased much faster than that. Heinz's earnings climbed by an average of 13% a year during the past decade, Clorox's by 15%. Their shareholders and owners reaped a treasure.
Gretchen Morgensen
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?
Ben Horowitz — The Hard Thing About Hard Things
"It was obvious to us that 10,000 other people were going to go do the content thing," he says. For Ghetti, those "flashiest" uses missed the most important questions: how could we use technology to truly understand our own digital footprint, our own precious data? More importantly: if we got there, how would we control those treasure troves, so that we weren't putting the big AI labs like OpenAI in charge of our own "personal worlds"?
Alex Konrad