Elon Musk & Ilya Sutskever ·OpenAI ·20 SEP 2017
When Funding Becomes Leverage, Trust Becomes the Real Asset
The moment your funder's leverage looks like a path to absolute control, your co-founders stop building and start negotiating their exit.
Real correspondence from the people running real companies — and what it reveals about leadership.
Topic
Letters to shareholders, directors, and the inside of the boardroom.
6 letters · most recent first
Elon Musk & Ilya Sutskever ·OpenAI ·20 SEP 2017
The moment your funder's leverage looks like a path to absolute control, your co-founders stop building and start negotiating their exit.
Greg Brockman ·OpenAI ·31 JAN 2018
When you can't outspend competitors, out-trust them — moral high ground is a strategic asset, not a slogan.
Denelle Dixon-Thayer ·Mozilla ·4 NOV 2014
Sometimes the best deal isn't the biggest check — it's the one that buys you back your independence.
David Drummond ·Google ·23 MAR 2007
A build-it-yourself plan is only valid until a competitor's checkbook makes the timeline irrelevant.
Jeff Bezos ·Amazon.com, Inc. ·30 MAR 1998
The discipline isn't in what Bezos optimized for. It's in what he refused to apologize for not optimizing.
Warren Buffett ·Berkshire Hathaway, Inc. ·27 FEB 2009
Buffett doesn't apologize for the loss. He apologizes for the analysis. Those are different things and most CEOs conflate them.