Most people should probably be running quarterly businesses unless they’re not. If they’re not, they need to tell that story and just be open and transparent about it and build the credibility to tell a broad narrative and then back it up with facts. Stay small and really tight, or go really, really, big. It goes back to the reverse-implied odds of raising all this money and creating all these false expectations and turning out to be a middleman business that’s actually going to have compressing margins over time.
There’s a lot of them that are like that. Right now, what’s great about the last few months is that, for the first time in probably 17 years, Silicon Valley is forced to explore and introspect around all this rhetoric, which was just dripping in all of this self-righteousness. For the first time we’re realizing that all of that was a crock of bullshit.
What’s good about that is that we can now become like everybody else. I think what we need to internalize is that we are as much stewards of the status quo as everybody else. That’s a healthy place to be for the long term fluidity of what we’re trying to do.
https://www.youtube.com/watch?v=Nqy6CcU84Xs (40:35)