As a leader, you should talk differently with your team and with execs. With your team: understand what they are saying quickly, ask good questions, make them think, teach them how to think and work with your principles and wisdom. With execs: understand what they want, "own" and ask what you need (logically) and "get things done". The buck should stop with you.
A VC friend once told me that _all_ money coming into VC via LPs represents <5% of their total assets, so even if all the VCs loose all the money their raised from their LPs nobody loses breath - only damage is to reputation. So fund raising is mostly about storytelling and showtime. Fund losing is about back luck. Better luck. Next time.
VCs take money from Limited Partners (LPs). For the LPs, they spread less than 5% of their investable assets across a venture strategy. If it doesn't pan out, no big deal.
So from their perspective, fundraising is spectacle and excitement, and losing investments are part of the loss model.
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Side note, a return model heuristic for LPs: 1 in 10 yields 10x, 1 in 100 yields 1000x
From the perspective of the VC, if they have a bunch of losers in their portfolio it means that they're not going to be able to raise another fund in 10 years, they won't have any carried interest (which is where VCs make the bulk of their compensation - it's their 20% of the total profits), and they'll have to content themselves with the salary they drew from the fund management fees.
BTW, most LPs are things like pension funds and university endowments, along with hedge funds that pensions & universities invest in. So if you're ever wondering why your parents' retirement has suddenly vanished or your kids can't afford to go to college, this is why.
If a system setting is changed (in this case, power-saving mode = on) _without_ associated user trigger (UI action), then the system should issue a push notification and prompt for confirmation. That's the right thing to do - for all apps no matter who made them.
Some parallels with Uber here (minus the extreme culture issues) - semi-reckless CEO with Godly following, series of departures, constant fire from the media. But unlike Uber I don't think Tesla will see a new CEO. And that is good.
Oh well. I don't think any of these "high net worth" clients are actually there to make money.. they're probably there to blow away a few million that they can recover easily from other investments or revenue sources. Re: cheese and sweeping things from hotels.. lol, they're human afterall :)
Agree. He can do whatever he wants in private, but before doing something stupid like this in public, he should think about the 100s of 1000s of people who bet their 401k money on Tesla stock. Public behavior matters for public company CEOs.
Spirited discussion! I think for the average Joe, this change does not matter (i.e neither good, nor bad). Two better changes: a) highlight https / secure connections even more prominently, and b) detect and highlight misspelled domain names (a major cause of phishing attacks). Rationale is that for the average Joe, a clear warning that they are about to go to a bad site is more valuable than looking at the accurate domain name.
Investors aren't stupid - they won't fund millions of dollars (series A and above) unless they see a working product that customers are raving about, a large market opportunity, and a clear go-to-market - general indications of product-market-fit (although the definition of PMF depends on the space and product). We have seen rare cases of outsized seed rounds w/o a product, but they are extremely rare (even today). So this notion of "go big or go home" isn't vaporware - most founders cannot get that kind of investments, and few that can (reputed, second time founders for example) think 100 times before they jump in.
