Bryant Wu

And so that's been key to the working, but the economics were awful when we invested. And so the leap of faith there wasn't people would want groceries delivered to their homes. The leap of faith was he can make the economics work.

Taking the time to make sure that every hire early on is the right person and the right fit, the right combination of courage, brains, and heart is incredibly important. I've always been very focused on that. The mistakes you ask about. I guess my advice to entrepreneurs out there, and I guess any businessperson honestly, is that it takes some expe... See more

Apoorva's superpower is optimization. He's just said, "These are the 19 things we need to accomplish to make the unit economics work. And I'm halfway on this one and just laid it out."

I would shorthand a venture investment as TAM, team, and to a lesser extent timing. It's really about TAM and team

One of the most important lessons for me, another lesson learned, in the areas I invest in, which is largely consumer, I think it's critical you have a theory and defensibility. And for me, that defensibility typically has been network effect.

In a world where's there's infinite capital, the real scarcity is actually trust

What are the most common reasons for failure in this type of business that you've observed again and again?

Like you said, you examine the invention and then it tells you so much about the inventor. What that also tells me is if I were, instead of an investor at that moment at Y Combinator, if was trying to decide if I was going to go work there, that was going to be the way I could tell I wanted to work there

He doesn't much believe in massages and lattes. But not because he's against massages and lattes in Silicon Valley. It's more because he has lived through market cycles where things get really tough. And he knows that there are market cycles and product cycles where you will be able to push the advantage if you've had the discipline during the good... See more