Santi Subotovsky: preference

Transcript context

…For folks listening out there who are first time founders or more junior in their career, that’s a move you can execute. When you’re 41, have lead a gigantic organization and have the track record that Eric has in addition, of course, to the personality that he has. I disagree, I think that you should always do that. You should always find the right partner, someone who believes in you before they believe in the business. Because if they believe in you, they’re going to be with you in good times and bad times. Believe me, a lot of these companies that we’re now talking about, “Oh, great outcomes. They went public. They got acquired,” it wasn’t a straight line. They had their own moments. You know it, it’s not a straight line. You want people who believe in you, who are going to help you when things are tough, especially when things are tough, because that’s when you need a true partner. When things are going well, then everyone is going to be a cheerleader and they’re all going to be your best friends. You want to make sure that you not only get the right partner, but you also get the right group of people because partners are just one piece of a firm, you want to make sure that everyone is invested in your success. We just talked about this but I want to highlight again, of the A+ companies who had gone public this year that we’ve covered. I think now three of four have been pivots. Zoom was a pivot, Pinterest was a pivot, Lyft was a pivot, Uber was not a pivot.…

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