HIRE LEADERS

“And then everything changed when I went and served a two-year mission for my church. I went to Hungary. I learned Hungarian and I knocked doors and I approached people on the street. I was an extreme introvert for two years. And that just like completely rewired my brain to make me embrace failure, embrace embarrassment and just not care anymore.”

“I think they should try to find a customer first, a paying customer on any idea. Just steal an idea, honestly, like a burger restaurant. People try to think of a new idea. New ideas are more likely to fail than anything because it's new. I want an idea with precedent, right? I want a roadmap of someone that's gone before me and done that, and then I just want to copy that.”

“No. There's just a big asterisk by it. You have to work your way up to passive income, which takes a lot longer than most people think. ... So it takes active work to then create passive income at some point in the future. Yes, or money, or a lot of money. Because there's a lot of course creators that make a lot of money by putting those two words in the name of their course.”

“But there needs to be a big enough need there, and they need to have a bias for action. Like they need to just be impatient. Impatience can be a superpower. They need to just do things, not just research endlessly, but be willing to go out there and try to get a customer. If they're not willing to do that, then they probably don't want to be an entrepreneur.”

“Using natural language, just like we're using today, to build an app. Hey, build me a credit card dashboard where I can do travel hacking all in one place and see when my cards expire, so I don't pay the renewal fee on cards I'm not using, etc. One prompt to get one app. I mean, if you think about it, colleges are teaching students today what AI can already do better.”

“Using natural language, just like we're using today, to build an app. Hey, build me a credit card dashboard where I can do travel hacking all in one place and see when my cards expire, so I don't pay the renewal fee on cards I'm not using, etc. One prompt to get one app. I mean, if you think about it, colleges are teaching students today what AI can already do better.”

“But Mazzetti is building here. He he he was showing the full repertoire yesterday. I mean, it it really is. If you just wanna watch a a tennis match for an experience of a player having all the shots and and utilizing them and when to use them. He is a joy to watch. He's an artist on the court.”

“One of the things that this technology is kind of pushing is, like, the rise of generalists at the expense of specialists. And what we see is that the really narrow roles at Thumbtack are under pressure because, like, instead of having that, you know, designer who specializes in that one part of design, it's actually you can just lever Figma make or cloud code to help you do that when you need it every every so often. You know, the hyper specialized engineer, you know, I think that is the the thing that it may change the most where we might have fewer roles that are broader and more general and have fewer kind of specialists.”

“Probably by starting 80 side hustles. I've always said that the overlooked businesses are the ones that are the most profitable. Any side hustle can become a full-time business, anything. There is a million ways to make a million bucks. This is a business that nobody talks about. I've started 80 businesses. I don't have 80 today. Like 9 to 11. What you call like a business versus an investment, it's kind of fluid.”

“Don't share your ideas because people will copy them. That's total garbage. We should share ideas with everyone. ... I think what people don't understand is that when a new entrant joins an industry, in most cases, not all cases, it grows the entire industry, right? ... When you join a market, it grows the market. I knew a woman who made a million dollars decorating porches with pumpkins, right? That's all she does.”

“And I think one of the the just superpowers of this technology is how fast it lets you move, particularly when you lower the group size that's required to get anything done. You know? To the extreme of just one person, that's the fastest. But even taking a product team, like, at Thumbtack, historically, our pods were, like, 10 to 14 people. Now they can be, like, three to six, three to eight. I think that alone makes us faster.”

“It was Jim Courier that reported on the Tennis Channel that the shrimp tacos had been responsible, but the plot thickens because Coco Gauff, one of the most notable victims of this, this outbreak, she denies eating the shrimp tacos. So the investigative work continues. Jonathan Overend on Sky, said that the Madrid tournament have established that it did not come from official catering, but, quote, they would say that, wouldn't they?”

“It comes down to high gross margin. It's very, very hard to overcome a business that does not have high gross profit margin. And then leadership, like you can't, you put a good leader in a crappy business and you've got a good business. You can't sacrifice that. I don't spend a lot of time in interviews and like going back and forth and doing reference checks. I just look at this like a numbers game.”

“Portia Archer has informed us of her decision to step down from her role as CEO effective April 20 ahead of her contract renewal. We are working through a transition plan for the leadership of the WTA tour, and we'll share an update on this by mid May. Portia has made important contributions to our tournaments, our players, and the advancement of women's tennis.”

“After hiring people who are super talented, who fit with your organization, the last failure mode is that these execs don't appreciate their imperfections and are sort of stubborn or hard headed or defensive about it. And I'll tell you, like, I have hired extremely talented people exclusively, and yet they're all imperfect. And they all have, like, major blind spot. Particularly if you hire very spiky people, they often have deficiencies elsewhere. And that's fine so long as there's self awareness about it. And I care a lot about finding execs who are comfortable in their own skin and get it.”

“What it highlights though is that this purchase is mediated by something else. It's not simply about convenience or ease of use. It's much more about certainty and peace of mind. A, because the dollars are much higher here. Two, it's the opposite of a commodity. Right? You're you're getting the floors done in your house. Like, you walk on them every day. You care about that. Also, it's your house. So if it goes wrong, you gotta live with it, and it may be super expensive.”

“But there needs to be a big enough need there, and they need to have a bias for action. Like they need to just be impatient. Impatience can be a superpower. They need to just do things, not just research endlessly, but be willing to go out there and try to get a customer. If they're not willing to do that, then they probably don't want to be an entrepreneur.”

“Don't share your ideas because people will copy them. That's total garbage. We should share ideas with everyone. ... I think what people don't understand is that when a new entrant joins an industry, in most cases, not all cases, it grows the entire industry, right? ... When you join a market, it grows the market. I knew a woman who made a million dollars decorating porches with pumpkins, right? That's all she does.”

“I continue to think that Silicon Valley underrates leadership, and I really care about it. I think leaders have tremendous leverage. ... Leadership to me aspire? Yeah. Well, to, set a set a vision, galvanize people towards that vision, motivate them towards that, provide the courage and moral authority to take risks and sort of venture something. That's all lead. That's the hard part. Like, how do people yeah. Organizing a meeting, like, staffing. Like, you can do that poorly or well, but that's not the hard part.”

“The trades and things that interface with the real world, in particular, in ways that are hard to automate, are very durable. OpenAI put out a paper, I think, with Chet g b t four that came out about sort of the jobs most at risk and least at risk. And the least at risk was, like, filled with home service jobs. It was, like, oil and gas jobs and, thumbtack jobs, like, things that you gotta be there.”

“No. There's just a big asterisk by it. You have to work your way up to passive income, which takes a lot longer than most people think. ... So it takes active work to then create passive income at some point in the future. Yes, or money, or a lot of money. Because there's a lot of course creators that make a lot of money by putting those two words in the name of their course.”

“Four years is the maximum, term of ban that von Droshova could be subject to because it is a fundamental part of any testing program in sport, in any sport that you cannot refuse a test. Of course, the panel will look at any mitigations, and they will make the ultimate decision on the level of fault and therefore the appropriate sanction.”

“I think they should try to find a customer first, a paying customer on any idea. Just steal an idea, honestly, like a burger restaurant. People try to think of a new idea. New ideas are more likely to fail than anything because it's new. I want an idea with precedent, right? I want a roadmap of someone that's gone before me and done that, and then I just want to copy that.”

“And then everything changed when I went and served a two-year mission for my church. I went to Hungary. I learned Hungarian and I knocked doors and I approached people on the street. I was an extreme introvert for two years. And that just like completely rewired my brain to make me embrace failure, embrace embarrassment and just not care anymore.”

“He says that there is no tear, that it is just inflammation in the risk, and the target at the moment is to return, for Queen's to prepare for Wimbledon. I've also heard a lot of other noises about the fact that, you know, they're very aware, the Alcaraz team, of the cautionary tales out there about wrists, and you don't you don't mess around with wrists.”

“Probably by starting 80 side hustles. I've always said that the overlooked businesses are the ones that are the most profitable. Any side hustle can become a full-time business, anything. There is a million ways to make a million bucks. This is a business that nobody talks about. I've started 80 businesses. I don't have 80 today. Like 9 to 11. What you call like a business versus an investment, it's kind of fluid.”

“Seeing these two meet for the first time is such a it's such a fun stage to watch them at. You know, there's no there's no real baggage there for them. They're both they're both explosive, powerful hitters and they and they play with that sort of youthful exuberance and going after the ball like that. And, I was laughing at the audacity of some of the shot making from from both of them, really, in those in those first two sets.”

“The worst situation we can be in is when our job is just good enough to cover our bills. If they were to get a 50 percent cut, then that could be the best thing that ever happened to them. ... sometimes when the boats are burned for us, we talk about the metaphor of burning your boats, not looking back, no plan B. When that choice is taken from us, it can be the best thing that ever happens to us.”

“I think the other big thing that we're all gonna be living through is forever in building a technology business, we've been limited by the amount of software that we could create. The rate limiter was writing code, and all the apparatus was to feed that machine as a effectively and efficiently as possible. I think that's going away. Right? Not instantly, but over time, I think It's in the last, like, three months, it seems seems like there's been a huge shift. And, you know, when you kinda play that forward, you get to a world where you become sort of idea, vision, prototype, hypothesis limited.”

“When she sat down and she just looked so sad and unwell and miserable really because she was puking in a bin in the middle of a tennis match. Like, you're gonna be miserable. I thought we might see an eager swiatek from her and she might just retire. But actually just as she was puking, that was actually kind of the catalyst for turning the match around.”

“The worst situation we can be in is when our job is just good enough to cover our bills. If they were to get a 50 percent cut, then that could be the best thing that ever happened to them. ... sometimes when the boats are burned for us, we talk about the metaphor of burning your boats, not looking back, no plan B. When that choice is taken from us, it can be the best thing that ever happens to us.”

“It comes down to high gross margin. It's very, very hard to overcome a business that does not have high gross profit margin. And then leadership, like you can't, you put a good leader in a crappy business and you've got a good business. You can't sacrifice that. I don't spend a lot of time in interviews and like going back and forth and doing reference checks. I just look at this like a numbers game.”

“The trillion dollars in spend or 800,000,000,000, however you wanna cut it, is bigger than any other consumer vertical. So you take groceries, it's way bigger than that. You take gas, you take apparel, you take any of these. ... The thing you have to appreciate is our pros have typically not that much of a cost of goods sold. It's really just their time.”