… . when a company multiplies in size, the management jobs become brand-new jobs. As a result, everybody needs to requalify for the new job, because the new job and the old job are not the same. Running a two-hundred-person global sales organization is not the same job as running a twenty-five-person local sales team. If you get lucky, the person you hired to run the twenty-five-person team will have learned how to run the two-hundred-person team. If not, you need to hire the right person for the new job. This is neither an executive failure nor a system failure; it is life in the big city. Do not attempt to avoid this phenomenon, as you will only make things worse.
— Key piece of advice from Ben Horowitz’s excellent book, The Hard Thing about Hard Things: Building a Business When There are No Easy Answers. (via chaddickerson)

Another solid insight from Horowitz…

Reblogged from Fred Wilson Dot VC
parislemon:

vellmcfly:

Welcome Back LeBron !

Such a great graphic.

parislemon:

vellmcfly:

Welcome Back LeBron !

Such a great graphic.

Reblogged from Fred Wilson Dot VC
The story must explain at a fundamental level why you exist. Why does the world need your company? Why do we need to be doing what we’re doing and why is it important?
Ben Horowitz. (via peterspear)

Kickin science…

Reblogged from Fred Wilson Dot VC
It would be so much easier to get trapped in incrementalism but that’s not what startups are about.
— by Albert Wenger  (via marksbirch)

Probably the most important thing to watch out for in the growth stage.

Reblogged from Fred Wilson Dot VC
The rest of his life defined by a missed quarter? Few people understand just how difficult it is to be an entrepreneur.

Disappearing into the Fire | Jerry _

one of the greatest blog posts written about entrepreneurship. it’s almost four years old now and its getting better with age.

(via fred-wilson)

Solid stuff here for the entrepreneurial.

Reblogged from Fred Wilson Dot VC
Failing to make bold choices. That’s how you fail. You start to only focus on incrementalism instead of making bold choices.
— Dick Costolo, Twitter CEO http://pando.com/2013/12/05/how-twitters-ceo-closes-deals/ (via wmougayar)
Reblogged from Fred Wilson Dot VC