Julie Wainwright

stood up and said, you're not a good leader. You can't talk to a board member that way. And I said, I can't when that board member's lying. And it went downhill from that. So that's what happened. Now, I have to say it was sad. It was very sad. I think the key lesson is values matter.

And it's also a way of operating. So let's just talk about the difference between a corporate citizen who grew up in the corporate world versus an entrepreneur.

And it's also a way of operating. So let's just talk about the difference between a corporate citizen who grew up in the corporate world versus an entrepreneur.

And it's also a way of operating. So let's just talk about the difference between a corporate citizen who grew up in the corporate world versus an entrepreneur.

So corporate citizens tend to work on politics. If you're a woman, there tends to be room for one woman at the top. So they really aren't necessarily people that you would even want to have a drink with. Politics matters more than results. Let's just say you're working in a multi-billion dollar company and it could be great training for you.

So corporate citizens tend to work on politics. If you're a woman, there tends to be room for one woman at the top. So they really aren't necessarily people that you would even want to have a drink with. Politics matters more than results. Let's just say you're working in a multi-billion dollar company and it could be great training for you.

So corporate citizens tend to work on politics. If you're a woman, there tends to be room for one woman at the top. So they really aren't necessarily people that you would even want to have a drink with. Politics matters more than results. Let's just say you're working in a multi-billion dollar company and it could be great training for you.

Are you, what you do going to make the biggest difference in that company or who you know? And maybe who you suck up to or whose team you get on is going to make the biggest difference. It is very hard to turn. So politics matter. In a startup, it's much more of a meritocracy. You can't hide politics. Your results matter. And hopefully the management recognizes it is a meritocracy.

Are you, what you do going to make the biggest difference in that company or who you know? And maybe who you suck up to or whose team you get on is going to make the biggest difference. It is very hard to turn. So politics matter. In a startup, it's much more of a meritocracy. You can't hide politics. Your results matter. And hopefully the management recognizes it is a meritocracy.

Are you, what you do going to make the biggest difference in that company or who you know? And maybe who you suck up to or whose team you get on is going to make the biggest difference. It is very hard to turn. So politics matter. In a startup, it's much more of a meritocracy. You can't hide politics. Your results matter. And hopefully the management recognizes it is a meritocracy.

But at the end of the day, the data doesn't lie. And every person in a startup is so important. And getting the right way to measure their performance is important. And making sure that you get out any bias in the way they're paid. All of that's important. I'm not saying meritocracy doesn't exist in a corporation. It's much harder to find because it's much harder to measure.

But at the end of the day, the data doesn't lie. And every person in a startup is so important. And getting the right way to measure their performance is important. And making sure that you get out any bias in the way they're paid. All of that's important. I'm not saying meritocracy doesn't exist in a corporation. It's much harder to find because it's much harder to measure.

But at the end of the day, the data doesn't lie. And every person in a startup is so important. And getting the right way to measure their performance is important. And making sure that you get out any bias in the way they're paid. All of that's important. I'm not saying meritocracy doesn't exist in a corporation. It's much harder to find because it's much harder to measure.

If you have people that grew up in a political world, meritocracy doesn't matter. If you have people that knew structure and they weren't big risk takers and they like things rolling along in a methodical way, that's not what a startup looks like. It's messy. It's meaty. It's risk-taking.

If you have people that grew up in a political world, meritocracy doesn't matter. If you have people that knew structure and they weren't big risk takers and they like things rolling along in a methodical way, that's not what a startup looks like. It's messy. It's meaty. It's risk-taking.

If you have people that grew up in a political world, meritocracy doesn't matter. If you have people that knew structure and they weren't big risk takers and they like things rolling along in a methodical way, that's not what a startup looks like. It's messy. It's meaty. It's risk-taking.

If you have people that grew up in a world where they wanted to be the smartest person in the room instead of a collaborative person, which my board was collaborative, most successful venture capital businesses are collaborative. It's a hierarchical model in the corporate world. In a great startup, it's a collaborative world. Collaboration makes better ideas.

If you have people that grew up in a world where they wanted to be the smartest person in the room instead of a collaborative person, which my board was collaborative, most successful venture capital businesses are collaborative. It's a hierarchical model in the corporate world. In a great startup, it's a collaborative world. Collaboration makes better ideas.

If you have people that grew up in a world where they wanted to be the smartest person in the room instead of a collaborative person, which my board was collaborative, most successful venture capital businesses are collaborative. It's a hierarchical model in the corporate world. In a great startup, it's a collaborative world. Collaboration makes better ideas.

So think about what I said at the beginning. I didn't want to be the people at Clorox and all of a sudden I have people like them on my board who think they know and they're hierarchical. And it's the same thing. You can't talk to a board member like that because what they're saying is wrong and will hurt the company. And it was a lie.