And the type of risk that we are asking investors to take is um, we know the physics works. We know that there's infinite demand and how we go from here to there is technology execution. And guess what? Venture capital in the United States is the best at underwriting tech risk of anywhere in the world.
Progressive slopulism really fucked us with this "Private equity is buying up all the houses" argument. It's a fractally stupid concern AND an excuse for deferring zoning reform.
PE funds optimize for a 4-7 flip and typically resort to aggressive cost-cutting and near-term optimization at the cost of the "soul" of the business or what made it successful in the first place.
Product managers must learn to give and receive feedback with candor and kindness, and without withholding. This book, also from the Harvard Negotiation Project, will teach you how.
if you look at the history of banks from up until 2007, a lot of banks were earning 30% equity. Most of them went bankrupt. We never did that much. Okay, but in '08 and '09, we were fine, and they weren't.
The definite book about giving good and candid feedback - and a very useful read for new(ish) managers. The book is a list of ideas around the theme of caring personally and challenging directly.
Employees don't want what you want. Customers don't want what you want. Uh you know, that that one of the challenges of the whole stock option thing is entrepreneurs and founders think that other people will be as motivated by owning part of the company as they are. They are not. Not even close.
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