Short clip of Ben Silbermann (Pinterest founder) advising founders to balance respect for experienced investors’ advice with independent judgment. Silbermann emphasizes that venture-capital returns are volatile, VCs can be wrong or pass on successful companies, and founders should remember the future is unwritten when recruiting, raising money, or iterating product.
Chapters
People are going to give you all kinds of advice. And I think that it's really easy to take that advice because you walk into a room and there's like, Google's first stock certificate. And, you know, they, like, invented Yahoo. Like, these people are really, really, really smart. But if you look at the returns on venture capital, it's pretty shaky. Like, we're in a pretty high volatility industry. And one thing that we always told ourselves, and one thing that I really, really believe is that fundamentally, like, the future is unwritten. Like, if they knew, they would be done right. And so people can tell you that you should be more technical. They can tell you that you're in the wrong market. They can tell you all of these things, and those things might be true and you should assess them for yourself, but you shouldn't take it on face, because they could be wrong. And in the back of your head, you have to remember something that for all the millions of dollars venture capital investors have made, for all the certificates that are on the wall, they have these little trophies. When things go IPO for. For all of those things, there are things that they passed on, and those are the things that actually burn them up. Those are the ones that haunt them at night. And I think that if you can convince somebody that you just might be the one that's going to beat the odds, you can be successful. And it's a general attitude that I think is important, whether you're recruiting, whether you're raising money, whether you just need to make a final push in adjusting your product.