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My Word for the Year: Light open.substack.com/pub/bradst…
Bradford Stroh retweeted
"20 years from now, the only people who will remember that you worked late are your kids."
Bradford Stroh retweeted
Lots of VCs kindof sound like this: "Your basketball team doesn't have a moat, any healthy human can throw the ball into the basket thingy. "
People who have not run companies before don't understand how much the team matters more than some imagined structural moat.
Look Out Below - The Bottom Leg Of The Letter “K” Is Breaking
bradstroh.substack.com/p/loo…
Bradford Stroh retweeted
In the last week of September, DeepSeek models processed more tokens on OpenRouter than OpenAI, Google, Anthropic and xAI models combined.
Bradford Stroh retweeted
GET THE RIGHT GUYS ON THE BUS!
"Mediocre people don’t like high achievers and high achievers don’t like mediocre people ... Get the right guys on the bus, get them in the right seats, and get the wrong guys off the bus."
~ Nick Saban video from @TheCrimsonWhite
Bradford Stroh retweeted
Mortgage rates print 7.58%
@CNBC
Bradford Stroh retweeted
Fascinating.
Chief Economist at Apollo: agents could cause a bank run by sweeping household cash into accounts paying 3-5% instead of the 0.1% national average, causing banks to lose a large share of their cheap deposits.
Bradford Stroh retweeted
BREAKING: 30-year Treasury yield hits 5.367%, on track for its highest settlement since June 2004.
Part of a CEO’s job is to jump on the grenade of noise and to bring clarity, focus and confidence.
43% of U.S. CEOs say uncertainty is their top concern this year. 24 years leading have taught me: you can't amplify dissonance and noise. Your job isn't to pass the uncertainty down — it's to absorb it and send back signal with focus and repetition.
Bradford Stroh retweeted
I’m convinced 90% of a founder's job is to just do 3 things:
- be delusional in your optimism
- push everyone to move faster
- make it crystal clear what to work on
Banks didn't lose the personal loan market. They walked away from it. Fintechs now originate 45% of personal loans; banks are at 10.8% and falling. Underwriting a $15k unsecured loan for a 640-score consolidator is work banks don't want to do. We do @achievecom
Bradford Stroh retweeted
Michael Moritz on the importance of storytelling in business.
My conversation with Michael Moritz, one of the great venture investors of the last 40 years.
Michael joined Sequoia in 1986 and co-led the firm with Doug Leone (@dougleone) from 1995 to 2012. His investments include Google, Yahoo, PayPal, and Stripe.
His new book, Ausländer, traces his parents' escape from Nazi Germany and helps explain his lifelong interest in what shapes exceptional people.
We discuss:
- The infamous Steve Jobs profile
- Why Don Valentine hired him
- The question he finds most revealing when interviewing people
- Monomania and the cost of greatness
- Why he has never felt good at anything
- Writing, journalism and AI
- What he learned about himself writing Ausländer
I'd recommend watching this one if you can. Michael was incredibly thoughtful and reflective throughout, particularly when talking about his parents, childhood, and the more difficult parts of his personal story.
Enjoy!
TIMESTAMPS
0:00 Intro
0:53 Family History & Identity
7:03 Survival & Outsider Instinct
18:53 Studying Exceptional People
33:50 Self-Doubt & Success
41:17 Steve Jobs & Obsession
52:50 Joining Sequoia
1:03:22 Leadership & Alex Ferguson
1:08:25 Elon Musk & AI
1:17:12 Becoming Who You Are


























