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Jeff Richards
@jrichlive
Venture capitalist @notablecap, 2X founder, 4X dad, praying for @Dartmouth 🏀 return to Final Four *not investment advice, *wrong often 🤞
Bay Area, CA
Joined September 2010
Posts
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    Truly believe our (four) kids will benefit in a myriad of ways from AI. We have tried to teach them to be kind, empathetic, highly adaptable and motivated humans. We have no idea what careers they'll pursue, but with that foundation, they will find ways to thrive, no matter how
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    McKinsey consulting fee: $978,000
    Walmart, $WMT, unveiled a rebranded logo, and updated their brand identity. Before: After:
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    Maffei on Taylor Swift ticket sale issue “The site was supposed to be opened up for 1.5 million verified Taylor Swift fans. We had 14 million hit the site. We could have filled 900 stadiums.” Wow
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    We have to re-learn this every 10 years or so Jeff Bezos once asked legendary investor Warren Buffett, “You’re the second richest guy in the world. Your investment thesis is so simple. Why doesn’t everyone just copy you?” Buffett replied, “Because nobody wants to get rich slow.”
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    This is becoming an embarrassment. Complete disrespect for arguably the greatest entrepreneur + one of the biggest job creators of our generation. Answer the question: Why is the Biden Administration blackballing Elon Musk and Tesla?
    .@SaraEisen asks @briandeeseNEC why @elonmusk wasn't invited to this week's White House meeting with CEOs about Build Back Better.
    00:00
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    Most underhyped tech CEO? Might have to be Adobe's Shantanu Narayen. $ADBE valued at $220B, up roughly $200B from when he took over. Short list of CEOs who have overseen +$200B value increase at a software co: 1) Satya Nadella 2) Shantanu Narayen
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    Replying to @APompliano
    By people who can’t do the math on childcare costs for working mothers? census.gov/library/storie…
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    Good Q from a friend who works at AMD this weekend "Media love to write about Sheryl Sandberg etc (on the topic of women in SV), but never talk about Lisa Su. She runs a $120B company and is the greatest CEO I've ever worked with. Why don't they write about her?"
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    Dinner last night w/a successful entrepreneur who just sold 3rd company for >$300M. Asked him his formula. “I bet on people. I don’t focus on domain expertise. I look at the arc. The ambition. Where have you failed? I want people who are smart, have failed and are ambitious.” 😊
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    List 3 things you believe strongly in your 40’s you didn’t quite understand in your 30’s?
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    AWS revenue 2013: ≈$3 billion AWS revenue 2025: ≈$124 billion (est) If only we had something to compare today's AI infrastructure/LLM buildout to...😉
    Reminded every day: AWS is the most under-hyped product/platform of our generation
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    This take is so frustrating. These companies are investing their free cash flow in growth. This means hiring people + investing in innovation. Ex A: Salesforce opex went from $2B in 2011 to $20B in 2021 + # of ees fr 5,000 to 50,000. This is what creates jobs + 🇺🇸 prosperity
    Federal income taxes paid last year: Nike: $0 FedEx: $0 Zoom: $0 Dish Network: $0 Salesforce: $0 Hewlett-Packard: $0 Kinder Morgan: $0 Archer Daniels Midland: $0 Booz Allen: $0 Charter Communications: $0 Edison: $0 Duke Energy: $0 We must #TaxTheRich
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    Crazy stats: of tech IPOs valued at >$10B since 2017, just 18% have generated positive returns, and the average return is -32.5%. More to come on this topic...
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    not sure this is an original, but my son just told me he's waiting until he's 99 lbs, then will eat a pound of nachos so he's "1% nachos."