How to Build an Iconic Company – Keith Rabois [audio]
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Re: How to Build an Iconic Company – Keith Rabois [audio]
#2An investor taking credit for founder's work is probably NOT the way to build an iconic company.
Re: How to Build an Iconic Company – Keith Rabois [audio]
#3I find that longer content works better for me when trying to understand important concepts. I generally need repetition and context (why is this a valuable concept? how'd you get here?). While it's quicker to digest bite sized audio, I tend to forget the takeaway easily.
Have found these links to be helpful in understanding the concepts here:
* https://startupclass.samaltman.com/courses/lec14/
* https://www.youtube.com/watch?v=9HGRap1cJ3k&feature=emb_titl...
Re: How to Build an Iconic Company – Keith Rabois [audio]
#4Sounds like someone with a good SV network is starting the Twitter of podcasts
Re: How to Build an Iconic Company – Keith Rabois [audio]
#5Usually it's 50% hard work, and 50% being at the right place at the right time. Nothing is guaranteed.
Re: How to Build an Iconic Company – Keith Rabois [audio]
#6An investor taking credit for founder's work is probably NOT the way to build an iconic company. https://twitter.com/rabois/status/1260257254957215749
Your comment is misleading. In no way is he taking credit for the founders’ work. He clearly says he was looking to fund someone in that space.
Re: How to Build an Iconic Company – Keith Rabois [audio]
#7To his point about finding undiscovered talent, VCs are obsessed with finding people they can underpay via selling them on their “vision” and “impact”. They claim they can’t compete with Google and Facebook on comp, but the truth is they don’t even try to do so by offering fair equity deals. Instead they use rigged instruments like common ISOs with liquidation preference and 90 day exercise windows to intentionally screw early employees over. If they offered fair terms, many talented people would love to be involved in small companies over FAANG, but these types insist on screwing people over and paying them with speeches about “visions.” The vision of these VCs is always enriching themselves.
It’s also absolutely hilarious that his example of finding undiscovered talent at PayPal was by looking at Stanford students. He’s trying to make a point that you should do out of the box thinking on recruiting and his best example is recruiting from the most prestigious university in Silicon Valley. It’s almost difficult to distinguish from satire.
Re: How to Build an Iconic Company – Keith Rabois [audio]
#8An investor taking credit for founder's work is probably NOT the way to build an iconic company. https://twitter.com/rabois/status/1260257254957215749
How is that tweet "taking credit for founder's work"?
Also have you seen this guy's resume? https://en.wikipedia.org/wiki/Keith_Rabois#Business_career Yeah -- he's in no need to take credit for other people's work.
I love taking advice from people like Keith Rabois because you know (unlike 99% of other VCs) he actually has experience building mega-unicorns himself.
Re: How to Build an Iconic Company – Keith Rabois [audio]
#9To his point about finding undiscovered talent, VCs are obsessed with finding people they can underpay via selling them on their “vision” and “impact”. They claim they can’t compete with Google and Facebook on comp, but the truth is they don’t even try to do so by offering fair equity deals. Instead they use rigged instruments like common ISOs with liquidation preference and 90 day exercise windows to intentionally s…
Opendoor was founded by Rabois and has a 3-year-exercise window if you're there for 3 years.
Re: How to Build an Iconic Company – Keith Rabois [audio]
#10To his point about finding undiscovered talent, VCs are obsessed with finding people they can underpay via selling them on their “vision” and “impact”. They claim they can’t compete with Google and Facebook on comp, but the truth is they don’t even try to do so by offering fair equity deals. Instead they use rigged instruments like common ISOs with liquidation preference and 90 day exercise windows to intentionally s…
There was a very good talk (which I can't find right now) by Ben Horowitz about why companies have to use certain instruments for equity-based compensation. There are a number of legal and 'fairness' (HR and morale) issues which limit what companies can and should do.
edit: found it, starts about 16:30 in https://www.youtube.com/watch?v=uVhTvQXfibU