Balaji Srinivasan: “If you have runway, you’re not dead”

Has anybody ever seen the very first page that YouTube ever served? Do you know what YouTube was at the very, very beginning? Yes, that's right. That's right. It was a dating site. And PayPal was originally beaming money between palm Pilots, and then they found the web thing was taking off, and segment did that. Does anybody know what Slack was? Before it was Slack, it was game company, Chinese spec. That's right. And opsware, which Ben Horowitz sold for $1.6 billion, was Loud Cloud, this massive data center operation, which had raised a ton of money during the dot com boom and went all the way down and then came all the way back up. If you have the Runway, you're not dead. And you iterate until you survive and thrive, and then you grow and then you become big. That's worked for many other people, and hopefully it'll work for you guys.