The reason we have so much talent in Silicon Valley building and investing in for-profit technology companies is that markets richly reward successful ideas, no matter who invents them. But to remain competitive in a free market, companies must exercise discipline to meet quantitative goals and eventually become cashflow positive.
Tags: discipline, goals, technology, positive

Other Quotes by "Joe Lonsdale"

Government officials and citizens care about many causes - and they all require resources. For example, I am personally passionate about ending the human trafficking that still occurs within our borders.
Tags: ending, care, government, i-am
When I spend a lot of time reading, discussing, or thinking about an area, I'll often really appreciate why a strong viewpoint is true and come to very firm conclusions. But if I am later exposed to a strong opposing view, I frequently find this countervailing view persuasive as well.
Tags: view, i-am, thinking, time
We adapt to technological progress by raising our minimum standards of living and working to stay above this rising threshold.
Tags: adapt, stay, living, progress
As we progress as a species, we will unlock new means for enhancing our lives at every turn - and our conceptions of wealth and poverty will evolve in tandem.
Tags: will, new, progress, poverty
Success gives you a platform for further success - suddenly everybody wants to work with you, and your opportunities and possibilities open up. But at the same time, success is also immensely challenging - it ultimately often creates pride, stubbornness, and sloppiness that beget failure, taking down people and organizations.
Tags: you, failure, work, success
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