Jan Kubr

[A link visited] Stephen Wolfram on starting companies

In Uncategorized on November 22, 2007 at 13:21

Came across a great talk by Stephen Wolfram on starting companies. My highlights:

“I think that’s a general feature of at least my style of running a company. At the beginning the CEO does everything. But gradually as you understand things, you can hire other people to do them.”

“But if you ever delegate without understanding, things will get messed up.”

“You’ll never know if it’s ultimately correct. You just have to use your judgement, make decisions, and move on. To some people, that’s pretty scary. Not to have any answers to look up in the back of the book. Just to do stuff.”

“Yes, if you luck out, you can make a lot of money. But it’s really rare that money carries people as a motivation. You have to actually care about what you’re doing.”

“I’ve always thought that running companies is pretty much common sense. It’s stuff that can be figured out just by thinking, practically, about things. And knowing a certain amount about the world.”

“You know, sometimes there are things in business that just don’t seem to make sense. Some deal that’s too good to be true. Some magic solution to a problem. But somehow those never really seem to work out. Somehow in the long run things always arrange themselves to sort of be fair. To get out what gets put in.”

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