1: “We had lost our bearings. We were wandering in the valley of death,” Andy Grove writes in his book Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company.
The year was 1984, a pivotal moment for Intel.
The company had been founded 16 years earlier. “Every start-up has some kind of a core idea,” Andy notes.
“Ours was simple. Semiconductor technology had … continue reading
1: It was the summer of 1985.
One of Silicon Valley’s most legendary meetings was about to happen.
“I was in my office with Intel’s chairman and CEO, Gordon Moore, and we were discussing our quandary,” Andy Grove writes in his book Only the Paranoid Survive: How to Exploit the Crisis Points That Challenge Every Company.
“Our mood was downbeat,” Andy recalls.
“I looked out the window at … continue reading
In honor of Presidents’ Day next week, I’m going to share several posts on Abraham Lincoln this week.
1: Following the defeat at Gettysburg, Robert E. Lee and his Confederate Army retreated toward the refuge of Virginia.
“At that moment Lee was more vulnerable than ever before,” write Raymond Kethledge and Michael Erwin in Lead Yourself First. “Lee’s remaining troops were in enemy country, disoriented by defeat, and … continue reading
In honor of Presidents’ Day next week, I’m going to share several posts on Abraham Lincoln this week.
1: Eleven days after the Union victory at Gettysburg and ten days after General Ulysses S. Grant’s crucial triumph at Vicksburg, Abraham Lincoln suffered what was likely his most gut-wrenching setback as commander-in-chief during the Civil War.
At Gettysburg, Robert E. Lee “had been forced to relinquish the battlefield for the first … continue reading
1: Panera Bread founder Ron Shaich prides himself on being a contrarian.
“If everyone is in favor of something, I’m probably headed in the opposite direction,” Ron writes in his terrific book Know What Matters: Lessons from a Lifetime of Transformations.
“When others are celebrating, I’m worrying, and when others are worrying, I’m looking for the silver lining.”
Does he just enjoy being disagreeable?
Nope. That’s not it.
“It’s … continue reading
1: Yesterday, we looked at the wild story of Opsware’s acquisition of Tangram.
Which saved Opsware.
Because it allowed them to retain EDS as a client.
Which accounted for 90% of Opsware’s revenue.
“During acquisition talks,” Opsware CEO Ben Horowitz writes in his book The Hard Thing About Hard Things, “both sides had agreed that Tangram’s CFO, John Nelli, would not become part of Opsware.”
2: But, … continue reading
1: The two Opsware leaders sat in a sterile conference room at the EDS headquarters in Plano, Texas.
EDS was their largest customer.
“Largest customer really understates it,” Opsware CEO Ben Horowitz writes in his book The Hard Thing About Hard Things. “EDS accounted for 90 percent of our revenue.”
On the other side of the table sat Frank Johnson (not his real name)—“a big guy who grew up … continue reading
1: In the middle of the dot-com crash, against all odds, Ben Horowitz had succeeded in finding a buyer for Loudcloud, the cloud computing company he had founded.
EDS agreed to acquire the firm for $63.5 million in cash, along with the associated liabilities and cash burn.
Not only that, “we would retain the intellectual property, Opsware, and become a software company,” Ben writes.
“EDS would then license … continue reading
1: Today we celebrate the life of Martin Luther King, Jr., perhaps the most influential American of the 20th century.
And yet, the greatest American civil rights leader was at first unwilling.
In September 1954, at age 25, Martin had just completed his doctorate at Boston University. Soon after, he and his wife, Coretta, moved to Montgomery, Alabama, so he could pursue his goal of becoming a pastor. … continue reading
1: Things were looking bleak. Very bleak.
The year was 2001, and the dot-com crash was happening.
One by one, technology startups that only a year earlier boasted sky-high valuations and lavish offices were collapsing, leaving behind empty cubicles, burned-out servers, and a sobering lesson in the perils of unchecked optimism.
Loudcloud CEO Ben Horowitz decided to sell the company’s cloud business and pivot to software.
“The situation was complex, … continue reading
