HOW DO YOU FEEL WHEN THE PEOPLE WHO RUN A COMPANY THAT YOU BUILT, KILL THE COMPA

HOW DO YOU FEEL WHEN THE PEOPLE WHO RUN A COMPANY THAT YOU BUILT, KILL THE COMPANY YOU BUILT?

Like you lost a child.

You know, most of my companies still either exist or were acquired by companies that still exist. I love best the ones that are still independent, even if they’re not very big.

One of the virtues of leaving that company, was that it became clearer that the problem was the board. If investors divide your board, two things need to be true a) they need to understand your business, b) they need to be able to liquidate your business.

If (a) or (b) is true, the company will degrade. If both are true it will die.

</Diary Moment On>

I love it when people are more knowledgeable than I am. I hate it when people assume that they are smarter than I am. The first is true almost all the time. the second false almost all of the time.

</Diary Moment Off>