Ben Horowitz
Ben Horowitz
Ben Horowitzis an American businessman, investor, blogger, and author. He is a high technology entrepreneur and co-founder and general partner along with Marc Andreessen of the venture capital firm Andreessen Horowitz. He co-founded and served as president and chief executive officer of the enterprise software company Opsware, which Hewlett-Packard acquired for $1.6 billion in cash in July 2007. Horowitz is the author of The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers. In the...
NationalityEnglish
ProfessionEntrepreneur
Date of Birth13 June 1966
John D. Rockefeller said that he found friendships based on business to be far more long lasting and profitable than the reverse. I think there's something to that. A company can end up being very Confucian, where the good of the individual is subjugated to the good of the whole.
Look - this is the terror of being a founder & CEO. It is all your fault. Every decision, every person you hire, every dumb thing you buy or do - ultimately, you're at the end.
A CEO needs great intelligence and great courage. And I always found my courage was tested more.
In my experience as CEO, I found that the most important decisions tested my courage far more than my intelligence.
When you found a company, you have the original vision, you make all the original decisions, you know every employee, you kind of know every aspect of the product architecture and its limitations.
It helps to have founded and run a company if you're going to help somebody run a company who is a founder.
The big value of the founder running the company is really two things: the knowledge and the commitment.
I described the CEO job as knowing what to do and getting the company to do what you want. Designing a proper company culture will help you get your company to do what you want in certain important areas for a very long time.
As a company gets big, the information that informs decision-making gets massive. Depending upon the prism through which you view the business, your perspective will vary. If two people are in charge, this variance will cause conflict and delay.
I had a terrible time hiring rich people. It sounds funny, but the problem is when things go wrong they can ask, 'Why am I doing this?' You don't ever want anybody asking that question. You want them to say, 'I know why I'm doing it, I need the money, let's go' or whatever it is that draws them.
You can't worry about the mistakes, because you're going to make a lot of them. You've got to be thinking about your next move.
When you look at a company that's already succeeded or is at the very top of its game, it isn't necessarily when it's executing well. It tends to be peacetime - you've defeated the competition, you have the highest margins, the highest multiple.
The laws of business physics have been broken in terms of how many customers you can acquire and how fast. No one in history has ever acquired 450 million customers in the same amount of time that WhatsApp did.
When screening engineers from other companies, its smart to value engineers from great companies more than those from mediocre companies.