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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.
Keith Rabois
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Keith Rabois
Age: 55
Born: 1969
Born: March 17
Businessperson
Executive Management
Investor
Edison Township
Everybody
Talk
Goal
Actually
Ascribes
Comes
Shove
People
Adhere
Transparency
Push
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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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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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The next thing you do is allocate resources.
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You want to start with the objective of everything should feel exactly the same.
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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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The job of an editor is to ensure a consistent voice.
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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.
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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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Basically this is what you want - a high performance machine that idiots can run.
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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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If the Martians took over eBay it would take 6 months for the world to notice.
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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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