How to Build an Iconic Company
Keith Rabois is a General Partner at Founders Fund. He's been a professional investor for the last seven years at Khosla Ventures and Founders Fund. Before that he spent thirteen years leading organizations such as PayPal, LinkedIn, and Square. He's served on the board of directors from inception to IPO of Yelp and Zoom. He's also an angel investor in Airbnb, Lyft, and other companies.
Great insights, almost revolutionary
2020/10/13
These are some fantastic, concise observations from someone brilliant who has been in the trenches. Sometimes the ideas could be fleshed out. For example, I liked the idea that startups can’t compete with google on hiring, so they have to find people who are “unassessable” or otherwise missed by the traditional hiring routes. He gives an example where PayPal hired people Peter Thiel knew from Stanford. These people were super talented and became very successful. Chances are these people would be working at corporate jobs if not for Thiel. Rabois could have taken this a step further and recommended how to take advantage of this untapped talent pool. And what if you want to join the next PayPal but don’t happen to be in the same school as it’s founder? Are there a bunch of future PayPal mafia types who are being overlooked? This seems like a billion dollar “secret” waiting to be discovered, and Rabois came so close to touching on it.
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