“everything is tough” and you can grit your way through it and come out the other side, battle-tested, and with rings on your fingers
“It’s horrible how mismanaged most Silicon Valley companies are in capital.
Microsoft always wanted to have a lot of cash on hand. Apple had no cash 15 years ago in 2000. Who did the most innovation? The cash does not help. The cash insolates you in a bad way. It’s a bad thing that companies store cash.”
“Space isn’t remote at all. It’s only an hour’s drive away if your car could go straight upwards.”
…experience has shown that there is no innovation, however seemingly benign, that the finance sector cannot overcomplicate and overextend. Securitisation was a good idea when first adopted, but ended with the mess of subprime loans that were sliced and diced into a dog’s breakfast.
It’s very easy to be different, but very difficult to be better.
— Jony Ive
There are two ‘Finance To Value’ rules:
- Don’t raise more money in a given financing round than you can create in incremental value during that capital window.
- Don’t let the post-money value of your round get higher than you can grow into during the capital window.
Exercise is one of the few activities in life that is indisputably good for us—an undertaking that extends enormous benefits but extracts few costs. Exercise helps us live longer. It fends off heart disease and diabetes. It reduces our weight and improves our strength. And its psychological value is enormous. For people suffering from depression, it can be just as effective as medication. For healthy people, it’s an instant and long-lasting mood booster. Anyone who examines the science on exercise reaches the same conclusion: People would be silly not to do it.
—Dan Pink, in When