QUOTES by Joe Lonsdale
Find most favourite and famour Authors from A.A Milne to Zoe Kravitz.
Government officials and citizens care about many causes - and they all require resources. For example, I am personally passionate about ending the human trafficking that still occurs within our borders.
Quote by -Joe Lonsdale
Inexperienced entrepreneurs often want to keep their plans secret, but this is never how I've seen any of the great companies get built.
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Marketing is your battle plan for the sales team - it's about defining the landscape. Marketing is doing cohort analysis and understanding exactly what possible customers are out there. It's understanding not only which customers will respond to what messages, but also how customers will become clients if you include certain product features.
Quote by -Joe Lonsdale
Inasmuch as there is a useful purpose to what we do as VCs, I tend to think it's our duty not only to mentor entrepreneurs and executive teams, but also to learn from them and the others involved. We can then pass on lessons to aid the startup ecosystem and help businesses succeed and grow their impact.
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One of the fun things about venture capital is you are constantly learning new ideas and strategies from one business and then applying them to others.
Quote by -Joe Lonsdale
Creating a billion-dollar company is hard, but being a truly great leader is even harder.
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A deep concern of mine is that leaders in the technology sector have not developed a culture that insists upon courage, honor, duty, and humility - what we might call a culture of virtue.
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Great leaders inspire incredible loyalty in their followers and subordinates.
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I have seen a lot of now-great companies at their earliest stages, and these early-stage startups are not built by the senior people who know how to run and scale big-company machines.
Quote by -Joe Lonsdale
A recipe I've seen work in early-stage startups is a small tight-knit group of passionate people who are obsessed with their vision of how to fix a particular industry. Conversely, teams composed of people with a lot of specialized experience at running a large business are not as likely to do very well in the first year or two of a startup.
Quote by -Joe Lonsdale
In their infancy, startups need geniuses who fit their current tight-knit culture and will iterate quickly as they push towards an ambitious vision - and they need a scaffolding of advisors, strategists, early users, and product-thinkers around these savants to guide them.
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A policy of knowing your replacement is one of the best ways to drive a growth culture. It anticipates and eliminates the most harmful politics in leadership for an expanding company and instantly sets the right tone for a high-talent, growth-mindset executive team.
Quote by -Joe Lonsdale
One of the most important jobs of a great leader is to attract great talent.
Quote by -Joe Lonsdale
I am not by any means a philosopher, although I have worked with some talented people in the discipline. But certain philosophical concepts deeply inform the way I think about the world. The idea of 'opposing truths at extremes' is a powerful concept that I came to appreciate in my twenties.
Quote by -Joe Lonsdale
Because the private sector has evolved processes and metrics for growth over many generations, for-profit models are more likely to efficiently accomplish their goals.
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Our philosophy at 8VC is that many of the companies that present the greatest economic opportunities also create the greatest value for society.
Quote by -Joe Lonsdale
In an increasingly competitive technology world, VCs must work more and more closely with portfolio companies to develop superior technology, talent, and operations.
Quote by -Joe Lonsdale
Great VCs are more than mere investors; they are often seasoned leaders who have built companies themselves.
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A common mistake among new entrepreneurs who have raised large rounds is that they have essentially infinite resources.
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CEOs shouldn't worry about their budget all the time - on a day-to-day basis, they should work on managing their company, building an awesome product, developing key relationships, identifying distribution channels, etc.
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The convertible note is a useful and common financing structure in Silicon Valley. It's a form of debt that is really more a type of equity - one where the valuation hasn't been determined yet.
Quote by -Joe Lonsdale
Addepar not only helps improve private wealth management workflows so that advisors can do a better job at what they currently do, but it also helps build a data-driven and integrated view on top of the many important financial decisions within a client portfolio.
Quote by -Joe Lonsdale
In a well-run tech company, small, elite groups who have ownership in the company are given the freedom to define and achieve their tasks in line with a broader mission that they have internalized as their own.
Quote by -Joe Lonsdale
A lot of the companies that I am inclined to get involved in have a mission to fix something that is 'broken' in the world.
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Being able to access that Stanford alumni network was huge - I actually interned at PayPal while I was at Stanford and learned a lot. Being in that environment and learning about it as a student was really fun.
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There will be trillions of dollars under Addepar. You will have tons of money and information flowing through it.
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I think I was really lucky to work as a little kid at PayPal, grew up in the Valley as a coder.
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The degree to which society creates wealth, I think, is largely determined by government and financial systems.
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If our society was a lot wealthier, I think we'd also probably have better education systems - this is pretty intuitive, I think, to make as a claim.
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I believe we live in a positive sum world and wealth isn't just taken or moved around; it's mostly created.
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Basically, I think society functions thanks to how certain key industries work - government, finance, healthcare, education, energy. Pretty much all of these have a huge impact on everything else.
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For me, seed investing isn't just a good return area but a big part of how we network in Silicon Valley. A lot of our best deals have come from being active in the seed stage.
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Our family is very, very competitive. But it's a fun and inspiring sort of competitive. It makes you proud of what you do and makes you want to work hard and do all your homework so you can win.
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I was really lucky about two things about my life as a kid: I had awesome parents, and I had awesome peers.
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Private equity investors are an integral part of the economy and should be celebrated for making our country wealthier.
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Our best and brightest must conceive of themselves as stewards of our society and confront the critical challenges of our time. It's the best bet for our society, for entrepreneurs, and for the investors who believe in them.
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Not everybody has to work on the big problems, but if nobody does, they don't get solved.
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Applying smarter IT to genomic data may offer the potential to cure many types of cancer and other diseases.
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Fear is the wrong response to technological unemployment. Focusing on economic flexibility and adaptability - with special attention to eliminating the barriers we've accidentally created to the mobility of the working classes - is the right response to technological disruption.
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Those who serve in our armed forces do so from a profound sense of duty to secure liberty for their fellow Americans. They enlist to serve their fellow citizens who express their will through elected representatives, not an unaccountable defense establishment.
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