Hot in Enterprise IT/VC - What's 🔥 in Enterprise IT/VC #368
WTF just happened??? Sam Altman is suddenly out from OpenAI? Many theories abound but this from The Information seems to be what actually happened:
What’s even crazier is how it went down - here’s Greg, co-founder and President, sharing what happened. What jokers - sounds like a complete palace coup. Kara’s take captures the moment quite well. All I can say and I’ll keep repeating this- choose wisely. And in this case significant value was destroyed. The irony in all of this is that many founders are afraid of having VCs on their board but in this case there was zero investor representation - none. I 100% agree with Alex that we would have had a much different situation had this been the case. The conclusion is that it just doesn’t matter whether you have VCs or non-VCs on your board; you still need to find the right team who believe in the mission and who have a vested interest in the outcome of the business. Bonus if you can get board members who understand this 👇🏼 This is what I call the “3 Chs” and something I’ve learned over many years as an investor and board member. When things are great you have to “challenge” to make sure founders/execs don’t get too cocky, when the shit hits the fan you have to “cheer” to help founders keep going through the many tough times, and finally you have to know when to just “chill” and let the team do its thing. I went deeper into this topic on the Full Ratchet Podcast in early 2021 (here’s a clip) and in What’s 🔥 #206. So founders, please choose your board members wisely and yes, it’s ok to have some VCs and some operators and most importantly find folks who are aligned with your vision. More to come… As always, 🙏🏼 for reading and please share with your friends and colleagues! Scaling Startups
Enterprise Tech
Markets
What's Hot in Enterprise IT/VC is free today. But if you enjoyed this post, you can tell What's Hot in Enterprise IT/VC that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
What's 🔥 in Enterprise IT/VC #367
Saturday, November 11, 2023
OpenAI Dev Day - it was the best of times, it was the worst of times; also latest data on AI deployment in enterprise
What's 🔥 in Enterprise IT/VC #366
Saturday, November 4, 2023
Reflecting on 27 years of enterprise software investing + understanding the experience trap
What's 🔥 in Enterprise IT/VC #365
Saturday, October 28, 2023
The new era in venture and race to be first: Inception Investing - what does it mean and why pre-seed ain't first any more
What's 🔥 in Enterprise IT/VC #364
Saturday, October 21, 2023
🤯 Enterprise software spend to cross $1 Trillion, reaccelerating 📈 to 13.8% from 12.9%
What's 🔥 in Enterprise IT/VC #363
Thursday, October 19, 2023
Thoughts + 🙏🏼 on 🇮🇱 ... b4 regularly scheduled programming: Loom exit, seed valuations...
You Might Also Like
Investor relations going sour?
Monday, April 29, 2024
We dive into the results of our latest survey, IBM goes to court and unexpected UK royalty in Dubai. View in browser ITA We make future final Good morning there, Wow, founders are going through a
📈 What’s getting funded now
Sunday, April 28, 2024
The Lightcone crew dives into the trends they're seeing from the latest YC batch. | This Week at YC April 28th, 2024 What a week! The deadline* for Summer 2024 applications was on Monday, which
Mailbob, Athina AI, Style AI, and Formula Wizard
Sunday, April 28, 2024
WebsiteGPT to make fully customizable websites in seconds BetaList BetaList Daily Mailbob Exclusive Perk publish and manage your email newsletter with ease Athina AI Exclusive Perk Monitor and Evaluate
Initiator Creator - Issue 140
Sunday, April 28, 2024
Initiator Creator - Issue #140 - ( Read in browser ) By Saurabh Y. // 28 April 2024 Presented by DesignThingy This Week's Notes: Directionless bull All our efforts get wasted when we get stuck
Knowing is not enough
Sunday, April 28, 2024
you must apply , The Start Your Ecommerce Business 2024 was a huge success thanks in part to you. We hope you left feeling inspired and equipped with actionable strategies from our expert speakers. But
#177 | Request for Startups, Real Estate Tech Themes, & more
Sunday, April 28, 2024
April 22nd–28th | Insights from Crossbeam, Altimeter, Ansa, Scale VC, and others ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The $4M SaaS nobody knows about
Sunday, April 28, 2024
Starter Story's Sunday Breakfast #90 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Twitter’s former Head of Product opens up: being fired, meeting Elon, changing stagnant culture, building consumer…
Sunday, April 28, 2024
Kayvon was the longest-serving head of product at Twitter and was GM of Twitter's consumer division until the platform was acquired by Elon Musk. He originally joined Twitter in 2015 through the
Parea AI, Notion to Calendar, and VisualInvoicer
Saturday, April 27, 2024
Simplest way to create invoices BetaList BetaList Daily Parea AI Exclusive Perk Developer tools for evaluating, testing and monitoring LLM-powered apps. Notion to Calendar Put your Notion Databases in
From 0 experience to 160 orders for her business
Saturday, April 27, 2024
Read foundr+ student wins , Here at Foundr, we can't get enough of our student wins, both big and small. (These student wins are just the tip of the iceberg when you join foundr+.) Whether it was