There's a handful of exceptionally good companies, but there's always one company that's the best.
It's important to understand the compensation equation that a CEO and a founder has with his or her employees.
The goal of a private company is, first, zero to one: Get past the product-market fit; figure out whether people actually care about what you're trying to build and someone will pay you money for that. That's the zero to one problem.
I feel like a lot of entrepreneurs hear all this talk about profitability and realize they need to lower their burn. So, they just start chopping off perks and people.
Companies are transcending power now. We are becoming the eminent vehicles for change and influence, and capital structures that matter. If companies shut down, the stock market would collapse.
My first job was at a Burger King.
I'm a living testament to the value of immigration. I escaped a civil war, and I came to Canada as a refugee, and they gave my family protection. I did my best to pay that country back, and I think I did that.
Zuck is unemotional. He doesn't get influenced by ego.
Startups should be - if you graph their financial performance, it should be what's called a J curve. You start out at zero. you're not making any money; you're not losing any money.
The point of Silicon Valley, at least when I moved here, was we're all trying to do stuff, and none of us quite felt like we fit in anywhere else. But we were all trying to do good things. And the money was just the byproduct of good things.
I've found that a lot of successful poker players grew up poor. And I'm convinced that poor people have a risk tolerance that rich people don't have because poor people fundamentally don't value money that much because they're used to not having it.
Being a tech company has to be about a pattern of repetitive innovation.