QUOTES

It's the person, not the business that you're backing.

If it's special to you, hold onto your equity. Take the risk, get more financing, but keep it yours, because you'll always be able to protect your baby.

The person who's just starting out is probably incredibly enthusiastic and will put everything behind it and work all hours to make it work.

You never sort of want to go over into the arrogant zone because that's really a dangerous place to be.

Don't try to be all things to all people or you're going to be nothing to anybody.

Quality in people is rare. Quality in ideas is rare.

You can diddle-daddle through life, and just kind of sleepwalk, and then die, or you can live life, you can embrace life, you can have big dreams, and go all in and find your passion.

People talk about, 'Oh, yeah, we rank our engineers by how many tokens they're spending.' Well, let's try and rank people by how much output they're actually producing or how much good work is actually getting done.

The biggest flip in my hiring was when I went from looking for positives, which is what you do when you're trying to grow talent, to looking for negatives, which is what you do when you're trying to select talent.

When you're creating a new business in an area that has never been done, or with some new technology, or new business model — there's no playbook. And if you hire the people from the adjacent industry companies and ask them to go do it, they're just going to go do what they were doing before.