Marc Andreessen

And so, of course, venture is like the most polarized possible economic field in which this is true.

And so, of course, venture is like the most polarized possible economic field in which this is true.

And by the way, if you're running a bond business or something, a debt business or something where you can't lose money or the whole thing doesn't work, then obviously you can't run in this kind of model.

And by the way, if you're running a bond business or something, a debt business or something where you can't lose money or the whole thing doesn't work, then obviously you can't run in this kind of model.

In that case, you better learn from your mistakes.

In that case, you better learn from your mistakes.

But in venture, I think you're always much more worried about the mistake of omission than you're worried about the mistake of commission.

But in venture, I think you're always much more worried about the mistake of omission than you're worried about the mistake of commission.

And then to your question, I think in a lot of ways, that's the key thing that Ben and I do at this point in our lives and in our roles at the firm is we're not micromanaging the investment decisions at the firm.

And then to your question, I think in a lot of ways, that's the key thing that Ben and I do at this point in our lives and in our roles at the firm is we're not micromanaging the investment decisions at the firm.

And we have, I think, spectacular senior partners and junior partners that are doing a great job of that.

And we have, I think, spectacular senior partners and junior partners that are doing a great job of that.

And we're in the room for it and so forth.

And we're in the room for it and so forth.

But we're generally not advocating for or against a deal.

But we're generally not advocating for or against a deal.

But what we are trying to do is to get everybody to constantly have this

But what we are trying to do is to get everybody to constantly have this

Let's say risk forward, worry about the mistake of omission over the mistake of commission mindset, this anti-scalded stove phenomenon.

Let's say risk forward, worry about the mistake of omission over the mistake of commission mindset, this anti-scalded stove phenomenon.