What a terrific video! It is wiser to own 0.01% of a billion dollar company ($100,000) instead of 1% of a million dollar company. ($1,000). It's not only the three extra zeroes, being associated with billion dollar ventures is much more exciting than being associated with a million dollar venture. We have to focus on making the pie bigger instead of asking for a bigger slice 🥧
What a great interview. Sam never interrupted, vinod made great points. Point about investors not being qualified to advice entrepreneurs is very relatable
Man! , when you listen to these types of conversations you easily find out there is a next level of human being than those who encounter on a daily life . I wish I'd listen to this couple years ago ....
STEPHAN FEIBISH i feel overwhelmed as i am young and going into business.trying to increase my learning rate asap so i would never have to be in your position where i would have to look back at life and say i wish.I understand that now.thank you so much for unknowningly giving me this guidance. Now i KNOW what i love to do and that i will never regret this decision even if i fail at the end.
@@capitalreckless5516 as someone who is that type of person, the best advice I can give is to find those people. Excellence can be learned. You’re capable of more than you think.
This is probably one of the best interviews I've ever seen. @Sama built up on the set of questions that he continued to ask. And he did that by going deeper into the schematics of how the entrepreneurial portion of Mr. Khosla's mind is structured. This is a really awesome education and I know that I am going to keep coming back to this interview. Thanks!
Ha ha, my founding advisor said something similar. The business plan basically ensures that you have sat down and thought deeply enough about your venture and covered at least the most obvious bases.
insightful interview. funny how 95% of the comments are positive here vs on Twitter 95% were negative (Vinod said something controversial as usual). People love to hate rather than learn.
Yes, great. I have gone through through the process of Trust and Decision making by being in hot seat. We are fortunate to learn the insight of as big as Vinod Khosla who was from great IIT Kanpur in India. It brings out strength. Thanks to Superb Altman.
This is an amazing talk. Vinod Khosla really shows the difference in both his scale of thinking and experience vs almost every other "me too" GP by comparison. He is a great example of the cream of Silicon Valley and possibly arguably it's peak from the men that were part of building it and why the US still has a far better quality of investors at the top vs competing ecosystems. However these are all the benefits of inertia from a golden era long since past vs the relatively simpler ambitions of what many startups are doing today.
"They advice the company, when they havn't earned the right to advice the entrepreneur" - Vinod Khosla , beautiful so many hostile takeovers nowadays with random companies or angels, that give demands.
Rarely do I listen to someone who I've never heard before but who has so many fresh new ideas. Love his thinking from the first principles approach nicely captured in this talk by e.g. questioning the assumption behind the regular 15-20 or less % for the employee pool when building an AI company
well that was inspiring. Sam is such a good interviewer, he's a good listener vs talker. what i didnt like is that Khosla says: Give out more equity from the start... tell that to facebook, its conflicting, as you quickly lose control if you're so diluted, and if you are ambitions, and end up being in the 70% negative and greedy investor pool, ur fucked as theyll want to just flip as he admitted... so .. apart that, the advice was golden, thanks Vinod Sam and YC
Great interview, great advice. One suggestion: it would be great to see more blog posts from Vinod. It's the kind of content I love spending time on and not feel guilty about it after. 😊
Sam literally spoke about how a company's board should be "A board that you feel is calming you down, is supporting you, is not adding you stress. And most board members tell you, you're going to die, then they send you press clippings of competitors to prove a point". The ex-OpenAI board clearly didn't watch this video LOL!
At the start, when he pronounces "vision", he says "wision". Hindi only has one letter to pronounce the sound of 'V' or 'W' (व) so there's not much distinction made when pronouncing one or the other. Thanks Quora.
26:29 Gene pool engineering that Mr. Khosla is referring to: www.khoslaventures.com/gene-pool-engineering-for-entrepreneurs 27:09 'The art, science, and labor of recruiting' by Vinod Khosla : www.khoslaventures.com/the-art-science-and-labor-of-recruiting Note: I realized that the links are documented in the description section of this video.
I watch these guys and i feel my heart tick, this is where i want to be.....but i look at where i am, everything looks extremely tough. Seems too ambitious and a fairy tale, feels like it would be fantasy!
Why someone will want to make a business and invest his time and effort and life for it ? It may seem a stupid question but please, try to answer it extensively and accurately.
𝐌𝐲 𝐭𝐨𝐩 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬: 💡 A company becomes the people it hires and not the plan it makes 💡 Experience doesn't matter, the rate of learning matters: For eg. pick the best athlete and not the most established wide receiver who only knows how to run one pattern! 💡 Give a unique/new problem to an entrepreneur/person to solve and the way they would tackle that problem from scratch is the best indicator of how fast they will learn! 💡 When hiring a VP of Marketing get to know what will be the questions they'll ask and how will it help make the CFO and the VP of Engineering better! And to evaluate this, put them in a specific scenario of thought process. For eg. If I gave you $10 million, what 3 startups would you consider, and what are the reasons you would/wouldn't invest in? 💡 In recruiting for your venture, a no is a maybe and a maybe is a yes! And its our job to turn that into a yes! 💡 Early Employee equity: Try to keep 15% for yourself and hire one or two people at 15%, eventhough they came in later or did not come up with the idea but they would especially be magnets to attract others For eg. Andy Bechtolsheim became a magnet to bring Eric Schmidt to Sun Microsystems 💡 Instead of hiring for specialized roles, you hire for non-linear people! For eg. a VP of Marketing who would also make the VP of Engineering better! 💡 An investor is an employee who you can't fire: Find an investor who cares about your vision, and for this talk to other founders about the key questions of how they think about hiring! If an investor is just trying to get to liquidating asap then that's the wrong direction! 💡 Have a big vision and know the first one, two and three steps: The first three steps are identifying the problems, what is hard to do and how you are going to do it!
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