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At first when you start a company, everything's gonna feel like a mess and it really should. It should feel like everyday there's a new problem, and what you're doing is fundamentally triaging.
Keith Rabois
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Keith Rabois
Age: 55
Born: 1969
Born: March 17
Businessperson
Executive Management
Investor
Edison Township
Feels
Everyday
Really
Company
Like
Start
Problem
Firsts
Everything
Fundamentally
First
Mess
Feel
Gonna
More quotes by Keith Rabois
If the Martians took over eBay it would take 6 months for the world to notice.
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Most people will solve the problems they know how to solve. Roughly speaking they will solve B+ problems instead of A+ problems. A+ problems are high impact problems for your company but they're difficult problems.
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Delegate completely. Let people make mistakes and learn.
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Usually when you hire more engineers, you actually don't get that much more done, you actually sometimes get less done.
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I don't believe ever in shared office spaces. Peter talks a little bit about this, every good startup is a cult. It's very hard to create a cult if you're sharing space with people.
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The people that work with you should generally come up with their own initiatives.
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The next thing you do is allocate resources.
Keith Rabois
Create tools that enable people to make decisions at the same level, ideally, of fidelity that that you would make them yourself.
Keith Rabois
You kinda want to look for the anomalies. You don't actually want to look for the expected behaviour.
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The most important job of an editor is simplify, simplify simplify, and that usually means omitting things.
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The real thing you do is you ask a lot of questions.
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Any executive, any CEO should not have 1 management style. Your management style needs to be dictated by your employee.
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I'd actually argue forging a company is far more harder than forging a product
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You want to start with the objective of everything should feel exactly the same.
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Your goal over time is to use less red ink every day.
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If people start going to a desk, some one individual employees desk and they don't report to them... it's a sign that they believe that person can help them. So if you see that consistently, those are your barrels. Just promote them, give them more opportunity as fast as you can.
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Basically this is what you want - a high performance machine that idiots can run.
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Transparency people talk a lot about, it's a goal everybody ascribes to but when push comes to shove, very few people actually adhere to it.
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Being a venture capitalist to me is like being more of a psychologist. So if you come to my office we have two chairs with a table in the middle. And we sit down and it's like, Tell me your problems.
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When you start a company everything is going to feel like a mess. And it really should. If you have too much process, too much predictability, you are probably not innovating fast enough and creatively enough.
Keith Rabois