Warren Buffet quote: "Best thing about being rich is that you don't have to do business with people you don't like"
Michael Jackson quote: "No matter how hard it looks, it's actually harder"
Have to improve the way people do things by 10X. People won't go through switching cost for 2X better
No joy for #2 in the tech market
(related to story about when he was founder and stock was crashing)
Friend asks: "How you doing?" Ben: "I sleep like a baby" Friend: "Really?" Ben: "Yeah, I wake up every 2 hours crying"
Obviously, his answer is no, for the following reasons:
- Wants become needs (refridgerator, car, etc)
- Humans unsatisfiable by nature
- Technology companies follow power law curve
- 15 companies account for 97% of market cap in 10 years (and those pay for all over VC)
- breakthrough idea
- founder w/ courage and skill
- articulate vision that excites
- will people work for you
- competent enough to execute