It's OK, by the way, that it takes 10 years for you to make "money. " Since when … - Chamath Palihapitiya

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Our goals should stretch us bit by bit. So often when we think we have encountered a ceiling, it is really a psychological or experimental barrier that we have built ourselves. We built it and we can remove it. Just as correct principles, when applied, carry their own witness that they are true, so do correct personal improvement programs. But we must not expect personal improvement without pain or some 'remodeling. ' We can't expect to have the thrills of revealed religion without the theology. We cannot expect to have the soul stretching without Christian service.

Chamath Palihapitiya

It's OK, by the way, that it takes 10 years for you to make "money. " Since when was it that being in your mid-30s to make a few hundred thousand dollars or a million dollars was like egregiously unfair? I think we have to have a sense of perspective here. We're all going to live into our 80s or 90s. So what is everybody in such a rush for?

Thinking, Perspective, Making Money, Everybody, Dollars, Thousand

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As you start the company, you start spending spending spending ahead of revenue but then you come out of it and very quickly you should become a company that spends less than it makes. And what I mean by very quickly, is that window of time should be in that 6 to 8 year time frame. And the reason is because if you build your business model correctly it's almost unavoidable.

Company, Frame, Mean, Reason, Window

What you should be in a rush for isn't necessarily the immediate monetary return, but it's to know that this equation existing between an employee and a company is being honored. What's the equation? I'm going to give you my most precious thing that I have - my time and my reputation. That's what the employee says. And the company says I'm going to take your time and your reputation and direct it at things that we believe collectively have a huge impact opportunity to do something extremely positive. And that positivity will get measured in impact and also economic upside.

Believe, Positivity, Opportunity, Company, Time, Huge

If the investors themselves are not sophisticated, if they themselves are not putting a lot of their own money to work, if they themselves don't understand the continuum of capital and how different parts of the capital structures react differently, then they're basically worthless. They're not going to give great advice to these entrepreneurs who then need it. So that is unfortunately the cycle we're in and we have to break the cycle.

Advice, Continuum, Different, Entrepreneur, Give, Giving

People should absolutely have a point of view about the political process themselves individually, but we're also at a point in the evolution of capitalism where any one individual's impacts are over estimated because there is enough regulation and guard rails. They may be odious and grotesque in what they say, but the practical day-to-day impacts from a policy perspective tend to be limited because the system made it so. That's why you see a lot of political apathy because people have internalized the inability for anyone either really really good or really really bad to do anything.

Apathy, Bad, Limited, People, Perspective, Political

If you look at the ecosystem, entrepreneurs as a class have gotten younger, younger, and younger. They also as a class have become less and less and less experienced. The good part about that is that you're unlocking this ability to start a company to so many more people. That's an amazing positive. The negative is they're coming to that job with dramatically less experience than they've ever had. So there needs to be someone around the table that can then help them.

Class, Entrepreneur, Entrepreneurs, Negative, People, Younger