Chapter
Startup Competition and the Importance of Hierarchy
43:18 - 49:07 (05:49)
This episode delves into the importance of hierarchy in startup competition and the effectiveness of new partners in bringing in companies. Two recommended books for the startup community are also discussed.
Clips
Benchmark's founding partners established an equal partnership model in the company, which is different from traditional venture firms' hierarchical structure.
43:18 - 45:17 (01:59)
Benchmark
Summary
Benchmark's founding partners established an equal partnership model in the company, which is different from traditional venture firms' hierarchical structure. This unique model has influenced Benchmark's process in many ways.
ChapterStartup Competition and the Importance of Hierarchy
Episode#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More
PodcastThe Tim Ferriss Show
The speaker recalls a situation where a new partner brought in a company for investment and discusses the importance of hierarchy in decision making.
45:17 - 49:07 (03:49)
Startup
Summary
The speaker recalls a situation where a new partner brought in a company for investment and discusses the importance of hierarchy in decision making. They then discuss potential feedback that could have helped the partner secure the deal.