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Yes, Marissa is a first time CEO, but she is super smart and savvy. Give her some time. I remember Kara Swisher and others referring to Mark Zuckerberg as the "toddler CEO". No one is saying that now.
Yes, the de Castro situation was a very expensive mistake. But, if she can turn Yahoo around...no one will ask how much it cost.
I have a lot of confidence in Marissa. It appears the stock market does too. That is a big vote of confidence that the prior CEOs didn't earn.
1 year ago on Just say no. Please, Marissa. Just. Say. No.
Sarah, Excellent, heartfelt, article. I agree with everything you say. Most writers are afraid to say these things. It doesn't fit with the model for sensational headlines for page views.
I agree with everything you say here...and disagree with everything Vivek says. I have never seen a more self promoting, narrow minded, sensationalizing person in my life. I stopped reading his crap years ago. Aside from the sensationalism he is just plain wrong most of the time.
1 year, 3 months ago on Twitter’s female “problem” — This is why mobs don’t appoint public company boards
I have personally invested with Ryan Swagar and Brandon Zeuner in several startups. They are first class investors, smart, and move fast. Venture 51 has a solid portfolio of companies. It is not surprising they are raising a bigger fund. I look forward to working with them on more investments in the future.
BTW, I agree with Micah on your previous story. Venture 51 has some potential grand slams (not inside the park homers) in their existing portfolio. Companies like Betable, Space Monkey, and others.
1 year, 6 months ago on For Venture51, the early stage investing opportunity is all about the “traction gap”
Great story, Sarah. And great job with the interview last night. Great to see you and Drew before the show. Drew was great! Authentic, humble, insightful, and funny. Drew is a guy everyone can identify with...but few could measure up to. Inspiring!
1 year, 11 months ago on Why the unremarkable success story of Dropbox is just so remarkable
Wow! So sad. I was scheduled to meet with Jody on Wednesday in Las Vegas. His birthday is Friday. Can't believe this.
2 years ago on The startup community mourns the loss of ecomom founder Jody Sherman
@georgezachary My greatest fear is that the USA stumbles down the path of Greece. It is scary with the never ending gigantic budget deficits the US government keeps generating. The bottom could fall out of the economy and then we would be in a situation similar to Greece with no way out. The US government can not continue to spend money it doesn't have forever. As it is now we are borrowing money from China to spend on wars in the Middle East that could eventually bankrupt us. This madness must stop.
2 years, 6 months ago on Obama Didn’t Slam Entrepreneurs, He Spoke the Silicon Valley Ethos
No one is arguing that the USA is not a great place to start a business. No one is saying that the government doesn't provide infrastructure and services that benefit all citizens and even business. No argument there. But, the idea that because that infrastructure is available anyone who succeeds will owe the credit to the government is just wrong. The idea that we should penalize those who work hard and finally achieve success by taking more of their hard earned money, taxing them much higher...and turn around and give it to those that don't try hard...is just not right. This is class warfare.
Saying that those who are successful are only successful because the government provided services is insane. Saying that because they are successful they should pay significantly higher taxes is wrong. Obama calls it "paying their fair share" when there is nothing fair about it at all. The left wing liberals think successful business people are the bad guys who are oppressing the masses. Not the case. This is a free country. There is no one preventing anyone from starting a company, or working hard to get a better job. No one.
Startup entrepreneurs risk everything to start a company. Work for months, maybe years, for NO pay...nothing. Work 18 hours a day trying to make something work. All reaching for the carrot of success. Then when they finally reach success and reach for the carrot...the government chops it in half...and takes 50% in taxes. And if you fail? Too bad for you. No unemployment for you. No government services for you.
Obama should be praising startups and business people. He should be encouraging more people to start their own business...and not penalizing their success with higher taxes. Saying "You didn't build that...someone else did" is just insulting to entrepreneurs. I don't know a single entrepreneur who would suggest that they built the roads or infrastructure, or that they shouldn't pay their "fair share" of taxes. There is just a big difference of opinion about what is fair.
Class warfare every bit as revolting as race discrimination. Stop it. All of it.
Great interview Sarah. Andreessen is a straight shooter, and I think he has it right. Yahoo has to make deep cuts, regroup, focus on areas where it is strong, make some smart acquisitions, and then grow. To use a gardening analogy, when a plant or bush grows too tall and spindley with bare spots, the only solution is to cut it back to its core. Then it can restore itself...grow full and strong. There is no other way to restore itself.
Marissa will bring excitement and focus back to Yahoo. Everyone loves Marissa. Everyone wants her and Yahoo to succeed. People will support her through the tough choices and be patient where they might not have been with previous CEOs. The first year will be tough, but I think she will prevail. Good luck to her!
2 years, 6 months ago on Andreessen’s Advice to Marissa Mayer: Cut 10,000-Plus Jobs
Right on Sarah. If Marissa can't turn Yahoo around...no one can. Marissa is the total package; engineering brains, appreciation for design and user experience, effective public speaker, and totally at ease talking with anyone at any level. Marissa is a delightful person, and makes everyone around her feel "uncomfortably excited". She will do her very best to make Yahoo successful.
Ross Levinsohn is also a long time friend. We worked together at AltaVista back in 1998 - 1999. I hope they can work together. Ross is an expert in areas where Marissa has less experience. Yahoo needs all the help they can get. I hope it works.
2 years, 6 months ago on Why on Earth Did Marissa Mayer Say Yes to Yahoo?