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The people that work with you should generally come up with their own initiatives.
Keith Rabois
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Keith Rabois
Age: 55
Born: 1969
Born: March 17
Businessperson
Executive Management
Investor
Edison Township
Initiatives
Initiative
Generally
Come
Work
People
More quotes by Keith Rabois
It's actually a good thing if you do reference checks on somebody and half the people you call say they are a micromanager and the other half say they actually give me a lot of responsibility. That's a feature not a bug.
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You are not going to do most of the work. You shouldn't be doing most of the work... and the way you get out of doing most of the work, is you delegate.
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The real thing you do is you ask a lot of questions.
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Delegate completely. Let people make mistakes and learn.
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Force yourself to simplify every initiative, every product, every marketing, everything you do.
Keith Rabois
The more you simplify, the better people will perform. People can not understand and keep track of a long complicated set of initiatives. So you have to distill it down to one, two, or three things and use a framework they can repeat, they can repeat without thinking about, they can repeat to their friends, they can repeat at night.
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Possibly the most important thing you do is actually edit the team.
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So that's your job too, to clarify and simplify for everybody on your team. The more you simplify the better people will perform.
Keith Rabois
Your goal over time is to use less red ink every day.
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As the company scales, everybody is not going to get invited to every single meeting, but they're gonna want to go to every meeting.
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Ultimately, I don't believe that you can build a company without a lot of effort, and that you need to lead by example.
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You want to start with the objective of everything should feel exactly the same.
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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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What you actually want to do with every single employee, every single day is expand the scope of their responsibilities until it breaks.
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I'd actually argue forging a company is far more harder than forging a product
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Don't accept the excuse of complexity. A lot of people will tell you, this is too challenging, this is too complicated, yeah well I know other people simplify but that's not for me, this is a complicated business. They're wrong. You can change the world in 140 characters.
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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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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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Where there are low consequences and you have very low confidence in your own opinion, you should absolutely delegate.
Keith Rabois
Building a company is basically taking all the irrational people you know... Putting them in one building and then living with them 12 hrs a day at least.
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