Joe Lonsdale

Businessman

1982-09-12

Quotes by Joe Lonsdale

• Our best and brightest must conceive of themselves as stewards of our society and confront the critical challenges of our time. It's the best bet for our society, for entrepreneurs, and for the investors who believe in them.

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• Success gives you a platform for further success - suddenly everybody wants to work with you, and your opportunities and possibilities open up. But at the same time, success is also immensely challenging - it ultimately often creates pride, stubbornness, and sloppiness that beget failure, taking down people and organizations.

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• Engineering talent is the most precious resource for any technology company - Palantir and Addepar are successful first and foremost because of their top tech cultures, and the same is true for our best portfolio companies at 8VC.

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• We adapt to technological progress by raising our minimum standards of living and working to stay above this rising threshold.

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• When I spend a lot of time reading, discussing, or thinking about an area, I'll often really appreciate why a strong viewpoint is true and come to very firm conclusions. But if I am later exposed to a strong opposing view, I frequently find this countervailing view persuasive as well.

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• Government officials and citizens care about many causes - and they all require resources. For example, I am personally passionate about ending the human trafficking that still occurs within our borders.

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• The only way to create prosperity is to do more with less. In economic terms, an increase in productivity is an increase in the amount or quality of output generated for each unit of input. Jobs do not make society wealthier - productivity does.

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• Private equity firms working closely with venture capitalists and technologists may be able to unlock assets that others have not leveraged and build technology cultures to iterate on solutions that make these assets more productive.

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• As we progress as a species, we will unlock new means for enhancing our lives at every turn - and our conceptions of wealth and poverty will evolve in tandem.

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• Hours wasted in traffic represent not only lost wages but enormous amounts of economic activity that might have happened. Congestion indirectly increases consumer prices, makes travel times unreliable for commuters and truckers, and precludes many people from accessing jobs in urban hubs.

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• David and Ellen Siminoff are legends in Silicon Valley - they are two of the most influential mentors to top executives and leaders behind the scenes, with long track records of success.

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• Good government is one of the most important factors in economic growth and social well-being.

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