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And Now A Word From Our Sponsor1


I’m running an advertisement here today. I’ve been Chairman of two public companies in my career and the leaders of those two companies sat down and talked yesterday. I enjoyed watching that very much and hope you do too. In this nine-minute video, Jim Cramer talks to Josh Silverman, CEO of Etsy, about what makes Etsy “special” and how being special allows them to compete and win against Amazon. Etsy CEO on Amazon Handmade: It doesn’t really threaten our business from CNBC. Disclosure: I am the Chairman of Etsy, have been on Etsy’s board for 12 years, and my wife and I own a lot of Etsy stock. https://avc.com/2018/05/and-now-a-word-from-our-sponsor/

And Now A Word From Our Sponsor1


I’m running an advertisement here today. I’ve been Chairman of two public companies in my career and the leaders of those two companies sat down and talked yesterday. I enjoyed watching that very much and hope you do too. In this nine-minute video, Jim Cramer talks to Josh Silverman, CEO of Etsy, about what makes Etsy “special” and how being special allows them to compete and win against Amazon. Etsy CEO on Amazon Handmade: It doesn’t really threaten our business from CNBC. Disclosure: I am the Chairman of Etsy, have been on Etsy’s board for 12 years, and my wife and I own a lot of Etsy stock. https://avc.com/2018/05/and-now-a-word-from-our-sponsor/

CEO Shoptalk – Plan B


Source: http://themusingsofthebigredcar.com/ceo-shoptalk-plan-b/ “Wow, that plan really sucks. What’s plan B?” Big Red Car here with a conversation with a couple of CEOs swirling in my head. What got me thinking was my recommendation to “burn the boats” meaning making a total and irrevocable commitment to a plan. One of the CEOs said, “What’s plan B?” It was an interesting conversation. Planning The Big Red Car is a planning fanatic. The difference between a juvenile, adolescent, joyful approach to the startup business and an adult, cold steel approach is planning. The higher quality the plan, the more energy which subsequently can be focused purely on execution. Experienced CEOs know this. Inexperienced CEOs will learn this at full tuition. Burn the boats When a CEO makes a plan, it is important that it be the product of useful input from a myriad of sources, but it ultimately has to become “the” plan. The team may debate the course of action, but when the CEO makes a final decision, the compass is aimed in that direction, everybody salutes, and the team heads down the road. The level of commitment to a plan is often described as “burn the boats” meaning there is no going back to the point of departure. You, the team, the company are committed. This concentrates the effort as everyone is pulling in the same direction — I did not say “right” direction, y’all. Plan B Now, let’s stop playing at pollyanna, shall we? Do away with the macho, false bravado? An experienced CEO, no sooner than the plan is in final draft, will ask herself, “What happens if this doesn’t work? What is Plan B?” “NO BATTLE plan ever survives first contact with the enemy,” Helmuth von Moltke, a 19th-century head of the Prussian army, famously observed. If you go to a military school, you will study what guys like Helmuth the Elder said about things like this because the Prussian army invented the “general staff” concept which the US Army uses to this day. Von Moltke was the Chief of Staff of the Prussian General Staff from 1857 to 1871 and then of the Great General Staff (GGS) from 1871 to 1888. In thirty years of military leadership, you learn a few things about planning and its inherent value. This son-of-a-bitch is responsible for codifying the leadership and management of armies – at the commander and staff level – which the US Army adopted and uses to this day. Imagine the unheralded suffering and pain this guy was responsible for unleashing on an unsuspecting world! In the military, this might fall under the classification of “contingency planning.” If the enemy reacts in this manner, then we will do this in return. But, but, but, Big Red Car — I thought we didn’t have a Plan B? Your Big Red Car is not an advocate of publicly discussing plan B, but is very much in favor of considering what the company will do if the market reacts in several different ways. You may call it either Plan B or contingency planning, I care not. But, dear reader, dear CEO, I do want you to give it consideration. You may burn the boats, but keep two inflatable Zodiacs hidden beneath the weeds, y’all. So, there you have it — BURN THE BOATS! Ahhh, but think through what you will do if the market reacts in certain ways. Do some mental gymnastics and maintain your Zodiacs. But, hey, what the Hell do I really know anyway? I’m just a Big Red Car. Be good to yourself.   Share this:TweetShare on TumblrPrint Related Source: http://themusingsofthebigredcar.com/ceo-shoptalk-plan-b/

The Jetsons


When I was a kid, two of my favorite cartoons were from Hanna-Barbera; The Flintsones and The Jetsons. I particularly loved The Jetsons. From Wikipedia: the Jetsons live in a comical version of the future, with elaborate robotic contraptions, aliens, holograms, and whimsical inventions.[3][4] The original series comprised 24 episodes and aired on Sunday nights on ABC beginning September 23, 1962, with primetime reruns continuing through September 22, 1963 In the last few weeks, I have been feeling that we are heading into a future that looks quite similar to The Jetsons. I got a deck last week for an eVOTL company (which is not something we would invest in at USV) and shared it with a few colleagues and said “The Jetsons”. The Jetson’s family robot Rosie is way better than Alexa but maybe in a decade or so, Alexa will be able to do all that Rosie did for the Jetsons. George Jetson works for a company that is similar in many ways to SpaceX. George’s boss is a robot. Maybe we will all be experiencing that too in time. Anyway, I am going to figure out how to go back and watch all of the 24 original episodes. I think sci-fi is as good of a crystal ball as we have to see into the future and the writers at Hannah-Barbera did an amazing job of that back in the early 60s. https://avc.com/2018/05/the-jetsons/

The Jetsons1


When I was a kid, two of my favorite cartoons were from Hanna-Barbera; The Flintsones and The Jetsons. I particularly loved The Jetsons. From Wikipedia: the Jetsons live in a comical version of the future, with elaborate robotic contraptions, aliens, holograms, and whimsical inventions.[3][4] The original series comprised 24 episodes and aired on Sunday nights on ABC beginning September 23, 1962, with primetime reruns continuing through September 22, 1963 In the last few weeks, I have been feeling that we are heading into a future that looks quite similar to The Jetsons. I got a deck last week for an eVOTL company (which is not something we would invest in at USV) and shared it with a few colleagues and said “The Jetsons”. The Jetson’s family robot Rosie is way better than Alexa but maybe in a decade or so, Alexa will be able to do all that Rosie did for the Jetsons. George Jetson works for a company that is similar in many ways to SpaceX. George’s boss is a robot. Maybe we will all be experiencing that too in time. Anyway, I am going to figure out how to go back and watch all of the 24 original episodes. I think sci-fi is as good of a crystal ball as we have to see into the future and the writers at Hannah-Barbera did an amazing job of that back in the early 60s. https://avc.com/2018/05/the-jetsons/