“When you want to build something great, it’s not easy to do. And when you’re doing something that’s not easy to do, you’re not always enjoying it.“What people misunderstand is [they think] the best jobs are the ones that bring you happiness all the time. I don’t think that’s right. You have to suffer. You have to struggle. You have to endeavor. You have to do those hard things and work through it in order to really appreciate what you’ve done. There’s no such thing that is great that was easy to do.“I wish upon you greatness, which by my way of saying it, I wish upon you plenty of pain and suffering.”
—Jensen Huang, Nvidia
“The Yen is on life support. The Fed don’t want it to die since Japan is the largest holder of foreign US Debt, but there is a problem:If Fed raises rates Yen gets hyperinflation and if Fed lowers rates the USD gets hyperinflation. Play stupid games win stupid prizes.”
—@BTC_for_Freedom, 17 June 2024
“Entrepreneurial ventures fail all the time. Most of my companies failed. I actually started seven companies, and I’ve launched about 40 or 50 projects over my career. And AngelList is the first one that I would truly say is product, market, entrepreneur fit for me that might succeed down the road.“It’s a low hit rate over your career, but you only have to be right once … So just keep trying, just keep iterating … a lot of it is market timing and you learn a lot of lessons.”
—Naval, on having to be only right once
“If I find that some particular thing is causing me stress, that’s a warning flag for me. What it means is there’s something that I haven’t completely identified - perhaps in my conscious mind - that is bothering me and I haven’t yet taken any action on it.“I find as soon as I identify it and make the first phone call or send off the first email message … Even if it’s not solved, the mere fact that we’re addressing it dramatically reduces any stress that might come from it.”
—Jeff Bezos
“The art of storytelling is incredibly important. And many—maybe even most of the entrepreneurs who come to talk to us can’t tell the story. Learning to tell a story is incredibly important because that’s how the money works. The money flows as a function of the stories.”
—Don Valentine, Sequoia founder
“I wanted to project myself forward to age 80 and say, I’m looking back on my life, I want to have minimized the number of regrets I have. I knew that when I was 80 I was not going to regret having tried this . . . I knew that if I failed I wouldn’t regret that. But I knew the one thing I might regret is not having ever tried. And I knew that would haunt me every day.”
—Jeff Bezos, 2001, on his ‘regret minimization framework’
“When I talk to people in other domains, this is so frequently the thing that I hear from them. That when they worked with X person or Y organization or in Z environment, they learned what great actually is, and that just permanently changed their sense for what their own standard for their work ought to be.”
—Patrick Collison, on working at a place with high standards
“The theory behind open source is simple. In the case of an operating system, the source code—the programming instructions underlying the system—is free. Anyone can improve it, change it, exploit it. But those improvements, changes, and exploitations have to be made freely available.”
—Linus Torvalds, 2001
“Twitter solves no one’s problem at all. It was something we wanted to use. It was something we wanted to see in the world. It was something we wanted to use on a daily basis, and that’s all that drove us. That’s what got us up every single morning, and that’s what made it meaningful.”
—Jack Dorsey, on building something you want to see
“Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, reedemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.”
—Hal Finney
“Once upon a time, on a hot summer night, a group of young, middle-aged and old rebels, non-conformists and troublemakers gathered by the fire in the island of Boracay in Aklan, Philippines. They were not known to each other, they were cooperators, technologists, economists, bankers, lawyers, plebs and normies, but they spoke a common language. They knew what it meant to try to change the world—or die trying. As swiftly as they came in the night, they have since scattered, fighting the good fight wherever they are, in secret or otherwise, but vowing one day . . . to return.”
Bitcoin Island is not a place, it’s an ideal