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Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

- Joe Lonsdale
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Author:
Joe Lonsdale
Tags:
Progress
Always
Unemployment
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I have learned that if I only see and deeply appreciate one side of an argument, it means I am probably missing something important.

Palantir owes much of its success to the amazing talent of the first 30-40 technologists who joined the company, as well as to the internal leadership that helped motivate this core group to achieve its ambitious goals and to continue to attract extraordinary people.

My personal experience with companies in the PayPal ecosystem taught me that a superb engineering culture is indispensable to building a winning business.

There are hundreds of millions of people around the globe who could safely repay loans but nonetheless do not have access to a line of credit. Financial institutions in developing economies are broken and inefficient, and hard-working people have not been given the chance to establish a credit history.

A great leader should make it clear to her team members that as a matter of culture, her job is to replace herself. A new hire should know from the outset that she will ultimately have to bring in new talent to replace herself so that she can personally better herself and achieve loftier goals.

Great VCs are more than mere investors; they are often seasoned leaders who have built companies themselves.

I have seen a lot of now-great companies at their earliest stages, and these early-stage startups are not built by the senior people who know how to run and scale big-company machines.

A recipe I've seen work in early-stage startups is a small tight-knit group of passionate people who are obsessed with their vision of how to fix a particular industry. Conversely, teams composed of people with a lot of specialized experience at running a large business are not as likely to do very well in the first year or two of a startup.

I am not by any means a philosopher, although I have worked with some talented people in the discipline. But certain philosophical concepts deeply inform the way I think about the world. The idea of 'opposing truths at extremes' is a powerful concept that I came to appreciate in my twenties.

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Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.

Technological unemployment is scary for those affected - but has always gone hand in hand with economic progress.