were all banks if you think about it (@ambitiousginger) profile picture

one word. two words. job title. personal relationship. something quirky.

Joined October 2009
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Is one of your investors openly calling you an unethical liar good or bad?
You are a struggling second tier competitor that is more unethical and lying just because you have no decency or sense of proper behavior and shows your desperation. Straight out lying about if Chris being fired I thought would be below even you.
Readers added context they thought people might want to know
Khosla is an investor in both Cognition and Factory. khoslaventures.com/category/enter…
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To Dolly Parton: rest now, sister. We have the watch. And I will see you in Valhalla.
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Hustle culture ruining the youth smh
UPDATE: Attorney General Dave Sunday announced that Agostino Abbatiello, the leader of a cocaine-trafficking ring involving Penn State University students and two student fraternities, surrendered Tuesday morning: attorneygeneral.gov/taking-a…
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Rory: β€œBryson does stuff for attention!” *Here’s nearly 1 minute of Rory doing stuff for attention.
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Venture capital is craaaazy because wdym middle aged men with low T who have never achieved anything form a cartel to give other middle aged underachievers giant pools of capital to gamble with and underperform public equities on a risk adjusted basis, as part of the Spenglerian-
Venture capital is crazy because VC firms frequently give 20-30 year olds hundreds of millions of dollars. But what’s even crazier is that those 20-30 year olds sometimes turn that into billions of dollars.
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Rory would never do something performative
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Consultant says β€˜to get promoted price you can do the job you want to get promoted into’. Riveting stuff. That’ll be $4.6MM for the engagement
10 years in IB and PE consulting has taught me that every accelerated promotion is the same move: replace the level above you. Here's exactly how, at every level - from intern to director. 1. INTERN Your job is to get a return offer - listen often - speak up, you have zero to lose, ask many questions - Ask for clarity, do a great job, think for yourself - A good measure of success is the Senior Associate / Manager treats you as the Analyst on the file 2. ANALYST Your job is to act as the Associate from Day 1, there is little difference except time - Ask for clarity, but do not ask questions you could reasonably make an assumption on - Use your judgement. It's your job to start to find solutions - but I have no experience, how do I find solutions? Google, AI, ask for prior materials, watch excel tutorials, whatever. Nothing is new under the sun - Do NOT put your pen down just because you are waiting for clarity, keep pushing, solve it yourself - Be the 'yes' man / woman. (you'll learn when to say no later) - Related, outwork others. Say yes, say yes often, say you have more time. Because you do. You're the analyst, and you are 22. You have nothing to lose, the downside is a rough week. The upside is compounding knowledge over the next 40 years - A good indication of success is people want you on files, you often get called before your file is over for the next one, little bench time 3. ASSOCIATE Your job is to eventually not have managers on your files because you are acting as Manager - Start to manage analysts and interns when the opportunity comes - Own your delivery stream end to end - This is worth repeating again, ownership means YOU actually own it. You are in control, you know it best, you have the answers at your fingertips, you speak to the client, you are the subject matter expert within your perimeter - Always think of the wider context you play in (Who is my client, both the organization and individual. What is the entirety of the engagement letter? What are my teams objectives? What other work could this lead to?) - A good measure of success, as mentioned, is there is no Manager on your files, and you are juggling multiple files at once 4. MANAGER / VP Your job is to make the Senior Manager / VP irrelevant over time, and get noticed by your Partner. (Notice the consistent theme here?) - You now own end to end delivery of an entire engagement / file - Sometimes you own delivery of multiple files at once - The Senior Manager / Director TRUSTS you (this means you are in control, they don't take control from you) - Learn to be really good at delegating down and managing up (this is where you start saying no) - Being detailed and proactive is key. If your reports are waiting for direction, or your boss asks how [x] is going, you aren't proactive enough - You are not the bottleneck. You also remove bottlenecks - Create followership. Juniors want to work with you because you add value to their learning and career - Build internal relationships (you've been doing this all along, only now you have a clear mandate and some pedigree to grow your internal network) - Become known for something internally (what do others call only you for) - A good measure of success is a Partner / MD calling you directly instead of routing through a Director 5. DIRECTOR Your job is to build a business / book (this breaks from the previous pattern, what got you here won't get you to Partner) - Manage your engagement economics - Intensely focus on personal relationships, internal and external - Solicit the help of your colleagues (below and above) to create space for you to build a business to partnership - If there is no space, change the room you are in - Fight for your people - Become a mentor - Specialize in function and industry (generally, niche down, but make sure the pond is still large enough) - A good measure of success is when people come to you first to solve a particular problem
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CEO of β€˜hottest company in the world’ shocked to find out money is not unlimited
JUST IN: Sam Altman says AI budgeting has suddenly become a β€œhuge issue” for companies.
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The best thing about the SMB/ETA world is you get definitive proof that the guys who traded their entire lives on being ex-Google / McKinsey / whatever can’t actually do shit when they’re on their own and no one is coming to save them
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san francisco in one picture
πŸ€– Made with AI
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It's early, but Konnor Griffin (+2) already has 164 more career Defensive Runs Saved than Derek Jeter (-162).
THAT'S MY 19-YEAR-OLD SHORTSTOP Gold Glove. Now.
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been an O’s fan for almost 32 years and it has been fun for maybe 8 months of that
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I think I’m going to intentionally regress as a baseball fan. I was never supposed to know a hitters split numbers or the whiff rate of a certain pitch, or xBA & stuff. I’m supposed to drink precisely 7 beers & root for my guys. Going back to basics.
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Episode 7567 of β€˜I could build a multi million dollar business I just don’t want to’
If I wanted to build another dumpster company, I would be able to do it within 50 cities and not own a single piece of equipment..... I wouldn't buy a truck. I wouldn't buy a single dumpster. I wouldn't lease a yard. I wouldn't hire a CDL driver. I'd build a dumpster rental BROKERAGE. The roll-off dumpster industry does $5 BILLION a year in the US. 99% of operators are stuck in ONE city because they're chained to their trucks and cans. I'd own ZERO equipment and operate in 50 markets before they figure out how to open a second location. Here's the full playbook why brokering beats owning, the exact match domain play, startup costs, and the math to scale coast to coast. πŸ§΅πŸ‘‡
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Hahaha these dudes are beyond parody
Opendoor's aim is to be the most pro-American family tech company. That's why every Opendoor home will come with an American flag and a flag pole.
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Even a16z didn’t beat Nasdaq-100. At least not for LPs, once I converted TVPI into IRR. @a16z raised $15bn and disclosed performance across its 29 funds since 2009. So I took the reported TVPI/DPI for each fund and converted them into implied net IRRs for LPs. I then benchmarked an average LP IRR across all a16z funds against the @Nasdaq-100. The result surprised me: a16z delivered a 22.2% net IRR for LPs, while the Nasdaq-100-equivalent IRR was 22.9%. I unpacked the full methodology and what LPs should actually look for in a VC fund beyond headline returns in my new Forbes article. Comment "MODEL" if you want me to send you the Excel benchmarking model behind the article.
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