20VC: Leadership Lessons from Bill Gates and Steve Ballmer, The Early Days of TheFacebook Advising Mark Zuckerberg and Why Now is Not the Right Time For Startups to Stockpile Cash with Hadi Partovi, CEO @ Code.org

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 16 December 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hadi Partovi is a tech entrepreneur and investor, and CEO of the education nonprofit Code.org. Before founding Code.org, Hadi founded two prior startups: Tellme Networks (acquired by Microsoft, discussed on 20VC with Emil Michael), and iLike (acquired by Newscorp). Hadi has also been an active advisor and angel investor to some of the best including Facebook, Dropbox, airbnb, and Uber. If that was not enough, Hadi currently serves on the Board of Directors of Axon and MNTN.

In Today's Episode with Hadi Partovi:

1.) From the Iran-Iraq War to Founding Startups:

How Hadi and his family made their way from war-torn Tehran to the US and Silicon Valley?
How did seeing his family have nothing and struggle financially impact Hadi's mindset as an entrepreneur?
What does Hadi believe he is running from? What is he running toward?

2.) Lessons from Ballmer and Zuckerberg:

How did Hadi first come to meet a young Mark Zuckerberg when TheFacebook had less than 10 employees? Why did Hadi believe he was so special from that first meeting?
What are Hadi's biggest takeaways from working with Steve Ballmer? How did the reign and leadership of Ballmer compare to the reign of Bill Gates?
Hadi has helped both Facebook and Dropbox with their engineering hires, what is the secret to hiring amazing engineers? How does he structure the process? Where do so many go wrong?

3.) Hadi Partovi: The Leader:

How does Hadi define "high performance" in leadership? How has it changed with time?
What is Hadi's framework for making tough decisions? How does Hadi teach that framework to his team? What are the biggest mistakes leaders make in decision-making?
How important does Hadi believe speed of execution is? How does Hadi determine when is the right time to go slow to go fast?

4.) Hadi Partovi: The Person:

How does Hadi analyze his relationship with money today? How does it change over time?
Hadi stepped off the for-profit treadmill with Code.org, why did he make that decision? How does he avoid the trappings of chasing wealth?
How does Hadi think about ego and ego management today? How does Hadi separate self-worth from financial gain and accomplishment?

Items Mentioned in Today's Episode:

Hadi's Favourite Book: Sapiens: The #1 bestselling journey through human history and anthropology

Transcript

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0:00.0	In a world where interest rates are zero or even negative, nobody was overweight.
0:03.9	When suddenly interest rates go up and there's inflation, instantly when that changes,
0:08.0	people needed to think our approach to spending is for a world that no longer exists.
0:13.0	Welcome back to 20 VC with me, Harry Stebbings.
0:15.4	And for me, storytelling is a passion.
0:17.4	And so is learning from some of the grace in our industry.
0:20.0	I'm so excited this day
0:21.2	to have both in spades in this episode with our incredible guest, Hardy Potovie, a tech entrepreneur
0:26.5	and investor and now CEO of the education non-profit code.org. Before founding code.org, Hardy founded
0:32.9	two prior startups, Tell Me Networks, which we did an incredible feature on in our episode with
0:37.1	Emil Michael, and then also I Like, which was acquired by News Corp. Hardy's also been an active
0:41.8	advisor and angel investor to some of the best, including Facebook, Dropbox, Airbnb and Uber.
0:47.6	And if that wasn't enough, Hardy also currently serves on the board of directors of Axon and
0:51.9	MNTN. And I want to say a huge thank you to Alfred Linner-Sacquire and Jeff Wilkie.
0:56.9	Some amazing question suggestions today.
0:59.2	But before we dive into the show today, Angel List is making it easy to launch a fund,
1:03.7	launch a startup and invest in either.
1:06.1	I love using the Angel List platform because it removes all the friction associated
1:10.2	with starting and scaling a fund.
1:12.4	Whether you're running SPVs, a venture fund like me or a rolling fund, Angel List has you covered.
1:18.0	For founders and their teams, Angel List also has a suite of startup products that abstract away all the complexity associated with running a startup.
1:26.3	You can launch a fundraising ready startup in just a few clicks,
	...

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