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> The question is what they do when those two wishes come into conflict. Which is the high-order bit? There were many cases when PG and Jessica chose the intere
by mbesto 6y ago
> The question is what they do when those two wishes come into conflict. Which is the high-order bit? There were many cases when PG and Jessica chose the interests of founders over optimizing their own money outcome—in fact this happened so often that it became proverbial, and many experienced people in the investment business were puzzled by it, as if there had to be some other explanation.
And I think this interpretation is incorrect or perhaps doesn't uncover the reality of the strategy. Sometimes in business you sacrifice short term gains for long term ones. That is basically what they did. PG/Jessica have infinite deal flow for life, how many VCs can say that?
> they simply wouldn't spend time on things that they didn't enjoy and didn't feel were essential.
Agreed, I think we're all saying that and was the essence of my point. I took ChuckMcM's point as if they were acting in some benevolent favor - which is a trope that needs to die.
> "because for them, it is all about the money"
This'll just eventually slide into a philosophical debate about what money really is. Either way, my point is that this is certainly a very nice position to be in when you already have money. To pretend that people who run a financial services firm (which is what an investor is) aren't geared towards making money is laughable. To be very clear - let's not pretend as if that this notion is evil or doesn't allow you to do things that you are truly passionate about. There's a subtext here that assumes that "being all about the money" is somehow inherently bad.