Mid-terms are over -- good thing for partial credit!
Speakers. One thing I love about Stanford is the amazing speakers we get on a regular basis. These are people I have heard about and read about -- but never before seen in person. Within a single month, I've seen Bob Nardelli, CEO of Home Depot, Vinod Khosla, world famous venture capitalist, and VC and pundit Guy Kawasaki. Today, we heard from serial entrepreneur and CEO of AuctionDrop, Randy Adams.
Randy seems like quite a remarkable individual. He's very passionate about what he does, and a lot of what he said really resonated with me. Here's a guy who just loves starting companies. (I know the feeling!)
He's started six of them, selling them for hundreds of millions of dollars. He's a self-described "risk junkie." He loves to find the holes in big companies and build businesses that address what they're too slow or too risk-averse to do. This strategy has been extremely successful for him.
Three other things he said are worth mentioning:
1. Take action. Don't put it off till tomorrow. Too many good ideas are lost because no one implements, no one takes action.
2. Ignore "that's a bad idea." When you start a company, lots of people will tell you it's a bad idea. Ignore them! This is so true.
3. Never give up. Failure is good -- it's a great teacher. Better to try 10 times and only to succeed once than not to try at all.
Speakers. One thing I love about Stanford is the amazing speakers we get on a regular basis. These are people I have heard about and read about -- but never before seen in person. Within a single month, I've seen Bob Nardelli, CEO of Home Depot, Vinod Khosla, world famous venture capitalist, and VC and pundit Guy Kawasaki. Today, we heard from serial entrepreneur and CEO of AuctionDrop, Randy Adams.
Randy seems like quite a remarkable individual. He's very passionate about what he does, and a lot of what he said really resonated with me. Here's a guy who just loves starting companies. (I know the feeling!)
He's started six of them, selling them for hundreds of millions of dollars. He's a self-described "risk junkie." He loves to find the holes in big companies and build businesses that address what they're too slow or too risk-averse to do. This strategy has been extremely successful for him.
Three other things he said are worth mentioning:
1. Take action. Don't put it off till tomorrow. Too many good ideas are lost because no one implements, no one takes action.
2. Ignore "that's a bad idea." When you start a company, lots of people will tell you it's a bad idea. Ignore them! This is so true.
3. Never give up. Failure is good -- it's a great teacher. Better to try 10 times and only to succeed once than not to try at all.
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