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Ben Horowitz on how to deal with “The Struggle”
Ben is asked about his famous blog post “The Struggle” and how to deal with it.
He recalls Business Week writing a cover story about his company Loudcloud titled “The IPO from Hell.” The Red Herring wrote an article speculating that Ben was taking the company’s cash and setting it on fire in his parking lot.
“These things hurt my feelings… But most of the stress doesn’t come so much from what people in the press and people on Twitter think. It’s more how people in the company start to feel about it. You’ve brought all these people in. They believed in you. Things aren’t going as sold. And you feel that, and it’s going badly. And then it’s amplified if they read that you suck in the press, as they did about me many times.”
He continues:
“I didn’t care that they said I was an idiot. What bothered me was people who work for me would go home and their spouse would go, ‘You know your CEO is an idiot? I just read it here in Business Week.’”
As an entrepreneur, Ben had never really found a great outlet for this. He vented to his friend Bill Campbell who had similar bad experiences running a company called Go. But that didn’t help that much:
“We’d talk about it and he would understand, but it didn’t help that much. It’s still a struggle. It’s still difficult. You just have to focus your mind on what you can do… You can’t focus on what’s going wrong and what that might imply.”
He recalls an analogy from a class Peter Thiel taught on startups:
“He says there are people who believe in statistics — they believe there are probabilities, that things happen, and all you can do is run a process and it is what it is… And then there are people who believe in calculus, and they believe there’s a right answer. If you’re a startup CEO, you have to believe in calculus. You have to believe you can find the answer and that’s all you can focus on… And trust me, there’s always an answer… But that’s really all there is. There’s not that much comfort out there.”
Video source: @StartupGrind (2014)
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Ben Horowitz on how to deal with “The Struggle”
Ben is asked about his famous blog post “The Struggle” and how to deal with it.
He recalls Business Week writing a cover story about his company Loudcloud titled “The IPO from Hell.” The Red Herring wrote an article speculating that Ben was taking the company’s cash and setting it on fire in his parking lot.
“These things hurt my feelings… But most of the stress doesn’t come so much from what people in the press and people on Twitter think. It’s more how people in the company start to feel about it. You’ve brought all these people in. They believed in you. Things aren’t going as sold. And you feel that, and it’s going badly. And then it’s amplified if they read that you suck in the press, as they did about me many times.”
He continues:
“I didn’t care that they said I was an idiot. What bothered me was people who work for me would go home and their spouse would go, ‘You know your CEO is an idiot? I just read it here in Business Week.’”
As an entrepreneur, Ben had never really found a great outlet for this. He vented to his friend Bill Campbell who had similar bad experiences running a company called Go. But that didn’t help that much:
“We’d talk about it and he would understand, but it didn’t help that much. It’s still a struggle. It’s still difficult. You just have to focus your mind on what you can do… You can’t focus on what’s going wrong and what that might imply.”
He recalls an analogy from a class Peter Thiel taught on startups:
“He says there are people who believe in statistics — they believe there are probabilities, that things happen, and all you can do is run a process and it is what it is… And then there are people who believe in calculus, and they believe there’s a right answer. If you’re a startup CEO, you have to believe in calculus. You have to believe you can find the answer and that’s all you can focus on… And trust me, there’s always an answer… But that’s really all there is. There’s not that much comfort out there.”
Video source: @StartupGrind (2014)
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Startup Archive
RT @mikemcg0: “[Peter Thiel] says there are people who believe in statistics — they believe there are probabilities, that things happen, and all you can do is run a process and it is what it is… And then there are people who believe in calculus, and they believe there’s a right answer.
If you’re a startup CEO, you have to believe in calculus. You have to believe you can find the answer and that’s all you can focus on… And trust me, there’s always an answer"
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RT @mikemcg0: “[Peter Thiel] says there are people who believe in statistics — they believe there are probabilities, that things happen, and all you can do is run a process and it is what it is… And then there are people who believe in calculus, and they believe there’s a right answer.
If you’re a startup CEO, you have to believe in calculus. You have to believe you can find the answer and that’s all you can focus on… And trust me, there’s always an answer"
Ben Horowitz on how to deal with “The Struggle”
Ben is asked about his famous blog post “The Struggle” and how to deal with it.
He recalls Business Week writing a cover story about his company Loudcloud titled “The IPO from Hell.” The Red Herring wrote an article speculating that Ben was taking the company’s cash and setting it on fire in his parking lot.
“These things hurt my feelings… But most of the stress doesn’t come so much from what people in the press and people on Twitter think. It’s more how people in the company start to feel about it. You’ve brought all these people in. They believed in you. Things aren’t going as sold. And you feel that, and it’s going badly. And then it’s amplified if they read that you suck in the press, as they did about me many times.”
He continues:
“I didn’t care that they said I was an idiot. What bothered me was people who work for me would go home and their spouse would go, ‘You know your CEO is an idiot? I just read it here in Business Week.’”
As an entrepreneur, Ben had never really found a great outlet for this. He vented to his friend Bill Campbell who had similar bad experiences running a company called Go. But that didn’t help that much:
“We’d talk about it and he would understand, but it didn’t help that much. It’s still a struggle. It’s still difficult. You just have to focus your mind on what you can do… You can’t focus on what’s going wrong and what that might imply.”
He recalls an analogy from a class Peter Thiel taught on startups:
“He says there are people who believe in statistics — they believe there are probabilities, that things happen, and all you can do is run a process and it is what it is… And then there are people who believe in calculus, and they believe there’s a right answer. If you’re a startup CEO, you have to believe in calculus. You have to believe you can find the answer and that’s all you can focus on… And trust me, there’s always an answer… But that’s really all there is. There’s not that much comfort out there.”
Video source: @StartupGrind (2014) tweet
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Librarian Capital
Zoetis $ZTS 24Q3
Total revenue +14% ex-FX, +11% in $, o/w:
US Companion Animal +18%
US Livestock +5%
Int'l CA +7%
Int'l Livestock +7%
Raises 2024 outlook
Now sees revenue +10-11% ex-FX (was 9-11%)
Adj. EPS $5.86-5.92 (was $5.78-5.88)
ZTS +5.5% pre-market (~$192, 32.6x P/E) https://t.co/4ntzzdoOwu
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Zoetis $ZTS 24Q3
Total revenue +14% ex-FX, +11% in $, o/w:
US Companion Animal +18%
US Livestock +5%
Int'l CA +7%
Int'l Livestock +7%
Raises 2024 outlook
Now sees revenue +10-11% ex-FX (was 9-11%)
Adj. EPS $5.86-5.92 (was $5.78-5.88)
ZTS +5.5% pre-market (~$192, 32.6x P/E) https://t.co/4ntzzdoOwu
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Librarian Capital
Elon Musk no longer calls the $1m payouts "random"
NBC: "Philadelphia DA Larry Krasner alleged that the selection of winners appears not to be random"
"The first two winners were present with Musk at rallies when their names were announced"
There is no honor among thieves https://t.co/t0Xz75PWcG
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Elon Musk no longer calls the $1m payouts "random"
NBC: "Philadelphia DA Larry Krasner alleged that the selection of winners appears not to be random"
"The first two winners were present with Musk at rallies when their names were announced"
There is no honor among thieves https://t.co/t0Xz75PWcG
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Quiver Quantitative
RT @InsiderRadar: 🚨 Massive New Purchase of $LCID
The Public Investment Fund of Saudi Arabia just reported purchasing $1 BILLION of the company's stock.
They are a >10% investor in the electric vehicle company, and hold a board seat.
This purchase took place through a private placement deal, which was announced in mid-October.
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RT @InsiderRadar: 🚨 Massive New Purchase of $LCID
The Public Investment Fund of Saudi Arabia just reported purchasing $1 BILLION of the company's stock.
They are a >10% investor in the electric vehicle company, and hold a board seat.
This purchase took place through a private placement deal, which was announced in mid-October.
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Dimitry Nakhla | Babylon Capital®
10 Attractively Valued Quality Stocks 💵
🗂️ Intuit $INTU
•NTM P/E: 32.15x
•NTM FCF Yield: 3.41%
🌐 MSCI Inc $MSCI
•NTM P/E: 34.92x
•NTM FCF Yield: 3.09%
🖨️ ASML Holding $ASML
•NTM P/E: 26.33x
•NTM FCF Yield: 3.30%
🖱️ Alphabet $GOOG $GOOGL
•NTM P/E: 20.03x
•NTM FCF Yield: 4.36%
📦 Amazon $AMZN
•NTM P/OCF: 14.13x
•NTM FCF Yield: 2.91%
🩻 Elevance Health $ELV
•NTM P/E: 12.35x
•NTM FCF Yield: 7.23%
🐕 IDEXX Laboratories $IDXX
•NTM P/E: 35.63x
•NTM FCF Yield: 2.80%
💳 Visa $V
•NTM P/E: 25.92x
•NTM FCF Yield: 4.17%
🔬 Thermo Fisher Scientific $TMO
•NTM P/E: 24.44x
•NTM FCF Yield: 3.96%
📸 Meta Platforms $META
•NTM P/E: 23.26x
•NTM FCF Yield: 3.27%
#stocks #investing
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10 Attractively Valued Quality Stocks 💵
🗂️ Intuit $INTU
•NTM P/E: 32.15x
•NTM FCF Yield: 3.41%
🌐 MSCI Inc $MSCI
•NTM P/E: 34.92x
•NTM FCF Yield: 3.09%
🖨️ ASML Holding $ASML
•NTM P/E: 26.33x
•NTM FCF Yield: 3.30%
🖱️ Alphabet $GOOG $GOOGL
•NTM P/E: 20.03x
•NTM FCF Yield: 4.36%
📦 Amazon $AMZN
•NTM P/OCF: 14.13x
•NTM FCF Yield: 2.91%
🩻 Elevance Health $ELV
•NTM P/E: 12.35x
•NTM FCF Yield: 7.23%
🐕 IDEXX Laboratories $IDXX
•NTM P/E: 35.63x
•NTM FCF Yield: 2.80%
💳 Visa $V
•NTM P/E: 25.92x
•NTM FCF Yield: 4.17%
🔬 Thermo Fisher Scientific $TMO
•NTM P/E: 24.44x
•NTM FCF Yield: 3.96%
📸 Meta Platforms $META
•NTM P/E: 23.26x
•NTM FCF Yield: 3.27%
#stocks #investing
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Quiver Quantitative
RT @InsiderRadar: 🚨 New Insider Purchase
The CFO of $TYRA has reported the purchase of ~$150k of the company's stock.
This is the first insider purchase we have seen at that company in three years, and comes shortly after the stock dropped ~25% last week https://t.co/vWQdOEzjXA
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RT @InsiderRadar: 🚨 New Insider Purchase
The CFO of $TYRA has reported the purchase of ~$150k of the company's stock.
This is the first insider purchase we have seen at that company in three years, and comes shortly after the stock dropped ~25% last week https://t.co/vWQdOEzjXA
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