Khosla: I've Never Voted Against an Entrepreneur

The transcript discusses the pitfalls of applying traditional business metrics to startups and the detrimental role board members can play if they lack entrepreneurial experience. It emphasizes the importance of empathy and firsthand experience in advising entrepreneurs. The speaker advises CEOs to be cautious of board advice and to prioritize input from experienced individuals.

Why does the speaker believe traditional business metrics are unsuitable for innovative startups?

• They are not recognized by investors.

• They can harm the company by focusing on irrelevant metrics.

• They focus too much on short-term gains.

• They are too complex to understand.

What is the speaker's view on board members advising entrepreneurs?

• Board members should always advise entrepreneurs.

• Only those with entrepreneurial experience should advise.

• Advising should be based on financial investment.

• Advice should be given only when asked.

What personal rule does the speaker follow regarding voting against entrepreneurs?

• Always vote against if unsure.

• Never vote against an entrepreneur.

• Vote only if the entrepreneur requests it.

• Vote based on majority opinion.

According to the speaker, what should entrepreneurs prioritize when considering advice?

• Suggestions from friends and family.

• Feedback from customers.

• Input from experienced individuals.

• Advice from board members.

What is the speaker's advice to CEOs regarding board meetings?

• Attend all board meetings.

• Ignore board meetings completely.

• Avoid board meetings if possible.

• Only attend meetings with investors.