FOUNDING MATRIMONY
When you start something, the first and most crucial decision you make is whom to start it with. Choosing a co-founder is like getting married, and founder conflict is just as ugly as divorce. Optimism bounds at the start of every relationship. It’s unromantic to think soberly about what could go wrong, so people don’t. But if the founders develop irreconcilable difference, the company becomes the victim.
In 1999, Luke Nosek was one of my co-founders at PayPal, and I still work with him at Founders Fund. But a year before PayPal, I invested in a company Luke started with someone else. It was his first startup; it was one of my first investments. Neither of us realized it then, but the venture was doomed to fail from the beginning because Luke and his co-founder were a terrible match. Luke is a brilliant and eccentric thinker; his co-founder was a MBA type who didn’t want to miss out on the ‘90s gold rush. They met at a networking event, talked for a while, and decided to start a company together. That’s no better than marring the first person you meet at the slot machines in Vegas: you might hit the jackpot, but it probably won’t work. Their company blew up and I lost my money.
Now when I consider investing a startup, I study the founding teams. Technical abilities and complementary skill sets matter, but how well the founders know each other and how well they work together matter just as much. Founders should share a prehistory before they start a company together --- otherwise they’re just rolling dice.
Keywords & phrases
1) matrimony n. 结婚,婚姻
2) ugly adj. 丑陋的
3) optimism
4) abound v. 充满,丰富;be abundant or plentiful
5) unromantic adj. 不浪漫的
6) sober adj. 头脑清醒的,冷静的;v. (使)冷静,(使)清醒
7) irreconcilable adj. 不可调和的,不相容的
8) venture n. 企业,商业风险项目; v. 冒险,探险
9) be doomed to 命中注定的,难逃一死的,(一般指坏结局)
10) eccentric adj. 古怪的,异常的
11) miss out on 错过,错过…机会
12) gold rush 淘金热
13) slot n. 硬币投币口;狭槽
14) slot machines 老虎机
15) jackpot 赌注,头奖,累计的赌金
16) hit the jackpot 中大奖
17) blow up 爆炸,摧毁
18) complementary adj. 互补的,补充的
19) roll dice 扔骰子
为什么at the slot mashine我总会听成to the slot mashine?
It was his first startup;it是不是I?
Optimism bounds at the start of every relationship.是不是应该是abounds?
Allen_BW 回复 @风亦棠: 是的