Jannie Mouton: And then they fired me
I had never cared about the stock market. The stock page in the newspaper was as foreign to me as the sports page and about as useful. I hadn’t a clue about Wall Street. But when I heard that IAA was making big moves that could affect my business, I decided I should start to care. Marv sent me IAA’s prospectus, and I read it. Then I read it again.
... See moreWillis Johnson • Junk to Gold: From Salvage to the World’S Largest Online Auto Auction
Think about how an idea from a twenty-eight-year-old kid in Chicago [Andrew Mason] turned into a multi-billion-dollar business. That was not possible five or ten years ago. Opportunities like this are a possibility because the markets are so big. If you believe in the product, you believe in the use case, and you have the right team—you should ride
... See moreTarang Shah, Tarang Shah, Sheetal Shah • Venture Capitalists at Work: How VCs Identify and Build Billion-Dollar Successes
Going back to how a lot of investors operate, it's very ego-driven. It's very driven by one personality or a bunch of lone wolves who happen to run in a pack, and I don't think that's how capital deployment should work. I genuinely believe we need a hive mind, and that's what we've done at Initialized.
Invest like the Best • Unwrapping the Gift
I’ve been in business a long time, and if I don’t trust people from a conversation across a dinner table, I’m pretty sure I’m not going to trust them with my reputation or my money. And if I don’t trust them with my money, I’m sure not going to go making money for them. I told Barry, “They’re not good partners. I don’t want to deal with them.”