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One thing that is worth mentioning about pg because he is brought up in these conversations: many investors talk about investing in the team and not the product
by rgrieselhuber 16y ago
One thing that is worth mentioning about pg because he is brought up in these conversations: many investors talk about investing in the team and not the product, but this is often just lip service.
PG not only actually invests in people, but is also willing to overlook his own criteria when he finds people he believes in. It's one of the things that really sets him apart.
- mgkimsal 16y agoI remembered hearing that - definitely good to know people understand when to bend their own rules (more like 'guidelines we know when to break' than rules, really).
- skowmunk 16y agoYep, thats good to know there are people who have the wisdom to know when to bend or break their own rules. Somehow the word 'rules' is more constraining, 'guidelines' seem more apt.
- kranner 16y agoBeing willing to overlook your own criteria is normally just plain inconsistent.
- StavrosK 16y agoA foolish consistency, hobgoblin, blabla.
- skowmunk 16y agoI am big fan of consistency (not saying I am), makes for great team members, employees and advisors. But consistency with no regards to the outcome or circumstances, thats plain crock!
- kranner 16y agoOf course. What I meant was: when a rule no longer applies, remove it and declare so publicly.
- skowmunk 16y agoI would say that every rule has exceptions. And the degree of exceptions to each rule may vary from rule to rule. But if one were to eliminate all rules that has at least one scenario where it could be considered as an exception, this world would have no rules at all. If one were to make a list of all scenarios where a one line rule has exceptions, one would have long documents like 'Terms and conditions' instead of easy to comprehend one line rules that would provide reasonable guidance in a majority of situations. Thats why it is good to apply a bit of wisdom in applying a rule/advice to a scenario and see if that rule applies to that situation or not, irrespective of from whom that advice comes from and not follow them blindly.