Big companies have trouble with innovation. Innovation is about bad ideas, or ideas that look like bad ideas. That's the fundamental thing.
Ben HorowitzRead
Nobody knows how to be a CEO. It's something you have to learn. It's a very lonely job.
Interpretation
Being a CEO involves a steep learning curve and can feel isolating.
The quote emphasizes that there is no definitive guide or manual for becoming a CEO; rather, it is a role that one learns to navigate through experience. It also highlights the solitude that often accompanies leadership positions, suggesting that despite the power and responsibility, CEOs may feel isolated in their decision-making and experiences.
In practice
In a speech addressing new managers, one might say, 'As Ben Horowitz pointed out, being a CEO is a learning journey filled with unique challenges.'
Big companies have trouble with innovation. Innovation is about bad ideas, or ideas that look like bad ideas. That's the fundamental thing.
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.
You read these management books that say, 'These are the hard things about running a company.' But those aren't really the hard things. The hard things are when you have to layoff half your company, or you have to fire your best friend. Or you have to figure out a way not to go bankrupt.
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.
As long as people are clear on what they need to do and what's going on, you're very likely to succeed. When nobody is clear, then you're guaranteed to fail.
I emphasize to C.E.O.s, you have to have a story in the minds of the employees. It's hard to memorize objectives, but it's easy to remember a story.
You need people who can walk their companies into the future rather than back them into the future.
Earn the right to be heard by listening to others. Seek to understand a situation before making judgments about it.
I've got the greatest job in the world. There's no other job in government where cause and effect is so tightly coupled where you can make a difference every day in so many different ways and in so many different people's lives. It's a great challenge.
The eyes of the world are upon you.
Like Paul, I must constantly respond to the Macedonian call for aid.
True basketball coaches are great teachers and you do not humiliate, you do not physically go after, you do not push or shove, you do not berate, if you are a true coach. If you humiliate or curse them, that won't do it. Coaches like that are not coaches.
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