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Create tools that enable people to make decisions at the same level, ideally, of fidelity that that you would make them yourself.
Keith Rabois
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Keith Rabois
Age: 55
Born: 1969
Born: March 17
Businessperson
Executive Management
Investor
Edison Township
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Levels
Create
Decision
Ideally
Make
Fidelity
Would
Enable
People
Decisions
Tools
More quotes by Keith Rabois
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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Force yourself to simplify every initiative, every product, every marketing, everything you do.
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Delegate completely. Let people make mistakes and learn.
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If the Martians took over eBay it would take 6 months for the world to notice.
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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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The job of an editor is to ensure a consistent voice.
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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 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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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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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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The real thing you do is you ask a lot of questions.
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It's never a metric, it's where the person is going or not. Metrics are used to make things work better, but don't necessarily make a business better.
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It's easy to shortcut when you get busy explaining the why's of the world, but it's very important to try.
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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.
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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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Your goal over time is to use less red ink every day.
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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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Possibly the most important thing you do is actually edit the team.
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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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