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Published · transcript-backed

Ben Gilbert: belief

28 Sept 2022 Acquired Benchmark Part I

“Let's, at the risk of destroying everything, bet on this brand new big wave that we think could be the thing.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
belief
Recorded
28 Sept 2022
Publisher
Acquired

Transcript context

…You got some partners saying we should do that, and then you've got other partners saying, guys, don't mess with success. The model ain't broken, don't fix it. We should stay focused and stay doing the exact same thing. Could you paint a picture either way? There's definitely a picture to be painted of the eBay thing really worked out. This set of principles we had was a really good way to get started, but the world's going to change and it's going to pass us by, so we need to adapt. If the new wave is the dot-comification of America's greatest companies, we’re in an amazing place to either seize that or let it pass us by and let it slip through our fingers. There was a very compelling argument to be like, let's be the future. If you look at Andreessen Horowitz, what they decided with Web3, they made that choice. Let's, at the risk of destroying everything, bet on this brand new big wave that we think could be the thing. Sequoia too. Sequoia expanded internationally. Sequoia added a growth fund. Sequoia raised bigger funds. There are very clear examples of success in pursuing any of these paths.…

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