Investing in CEOs: Why They Should Be Better Than You

And the second piece of advice is, and I think actually this is a rule I've bent over time and regret it every single time I do. They have to be better than you. You have to invest in CEOs that were better than you. You meet the CEO who I don't know and he's not better than you, Harry, you shouldn't invest. So for, you know, we're jumping around a lot, but if we go back to Algolia and again, this was the first venture investment I did when it was unanimously no and I still did it, but the founders were clearly better than me. They were better than me. And I've never— And where you can— the mistakes I've made is whether there's traction or the product's cool, but the founders aren't better than me because this stuff's so hard. It's so competitive. It's so agile that if the founders aren't better than you in 2 to 3 years, the product's decayed against the competition. Okay.