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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
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Keith Rabois
Age: 55
Born: 1969
Born: March 17
Businessperson
Executive Management
Investor
Edison Township
Consequences
Lows
Consequence
Absolutely
Confidence
Opinion
Delegate
Delegates
More quotes by Keith Rabois
Possibly the most important thing you do is actually edit the team.
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The people that work with you should generally come up with their own initiatives.
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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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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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The real thing you do is you ask a lot of questions.
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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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You generally know when someone asks you to do something- am I more writing, or am I more editing? The editor is the best metaphor for your job.
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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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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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The next thing you do is allocate resources.
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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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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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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'd actually argue forging a company is far more harder than forging a product
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Your goal over time is to use less red ink every day.
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You want to start with the objective of everything should feel exactly the same.
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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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Force yourself to simplify every initiative, every product, every marketing, everything you do.
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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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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.
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