American - Businessman | September 12, 1982 -
A deep concern of mine is that leaders in the technology sector have not developed a culture that insists upon courage, honor, duty, and humility - what we might call a culture of virtue.
Joe Lonsdale
TechnologyCourageCultureHumility
A true leader must strive towards a grand vision of human progress, but remember that the minor details of her everyday life really matter to those who look up to her as a role model.
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Creating a billion-dollar company is hard, but being a truly great leader is even harder.
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It always struck me as pretty cool that people who changed the world often knew each other. After reading them separately, hearing that David Hume and Adam Smith were friends made sense.
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Success gives you a platform for further success - suddenly everybody wants to work with you, and your opportunities and possibilities open up. But at the same time, success is also immensely challenging - it ultimately often creates pride, stubbornness, and sloppiness that beget failure, taking down people and organizations.
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Inasmuch as there is a useful purpose to what we do as VCs, I tend to think it's our duty not only to mentor entrepreneurs and executive teams, but also to learn from them and the others involved. We can then pass on lessons to aid the startup ecosystem and help businesses succeed and grow their impact.
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Marketing is your battle plan for the sales team - it's about defining the landscape. Marketing is doing cohort analysis and understanding exactly what possible customers are out there. It's understanding not only which customers will respond to what messages, but also how customers will become clients if you include certain product features.
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The inability of middle-class people to receive loans in developing countries has had a stifling effect on economic growth and prosperity around the globe.
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There are hundreds of millions of people around the globe who could safely repay loans but nonetheless do not have access to a line of credit. Financial institutions in developing economies are broken and inefficient, and hard-working people have not been given the chance to establish a credit history.
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Top technologists have a tremendous capacity - and, therefore, a tremendous responsibility - to build things that make a positive impact on the world.
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Inexperienced entrepreneurs often want to keep their plans secret, but this is never how I've seen any of the great companies get built.
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Government officials and citizens care about many causes - and they all require resources. For example, I am personally passionate about ending the human trafficking that still occurs within our borders.
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