Most of what I really need to know about how to live
and what to do and how to be, I learned in the glory days of the late ‘90s
was not at the top of a sound business model
, but there in the VC playpen of a new industry.
These are the things I learned:
like there’s no tomorrow. Hire more people than you need. Create things now, let someone else worry about maintaining them. We’re all in this mess
what is not yet yours. Say you're sorry when you lay somebody off. Venture capital
is for burning. Spend. Buzzwords
are good for you. Penetrate a vertical.
Learn some and think some and draw and paint and sing and dance and play and work every day for around twelve hours. Beer
is for lunch.
When you go for your IPO
, watch for suckers’ money, hold your breath and stick it to ‘em.
Be aware of stock
prices. Remember the little seed in the plastic cup. The roots go down and the plant goes up and nobody really knows how or why, but somebody funded it.
and white mice
and even the little seed in the plastic cup--they all get acquired or file Chapter 11
. So do we.
And then remember the made-for-television movie about Gates
and the first word you learned, the biggest word of all: license
Everything you need to know is in there somewhere. The market
and basic deception
and office politics
and the insane squandering of wealth
Think of what a better world it would be if we all--the whole world--had venture capital to burn and no sense of commercial responsibility
Or if we had a basic policy in our companies to always skin our investors and spread their remains all over the internet
. And it is still true, no matter how old you are, when you go out into the market, it is better do it with someone else’s money