Recode Decode: Keith Rabois says winter is coming for wasteful startups

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 25 April 2016

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Khosla Ventures investment partner Keith Rabois talks with Kara Swisher about building PayPal before the dot-com crash and the entrepreneurial lessons he applied from that company to later jobs at LinkedIn, Slide, Google and Square. Now, as a venture capitalist, he sees himself as a consulting psychologist for many companies in his portfolio. He also discusses why investors who once feared missing the next Uber are now rejecting startups with high burn rates. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today's sponsor is Audible.com which is more than 180,000 audiobooks and spoken word audio products.
0:06.5	Get a free audiobook of your choice at audible.com slash decode.
0:11.0	Recode radio presents Recode Decode, hosted by Cara Swisher, powered by digital media.
0:19.0	Hi, I'm Cara Swisher, executive editor of Recode.
0:22.0	You may know me as the only person who doesn't know who won the NCAA finals,
0:26.0	but in my spare time I talk tech and you're listening to Recode Decode, a podcast about tech and media's key players, big ideas and how they're changing the world we live in.
0:34.0	You can subscribe to Recode Decode at iTunes.com slash Recode Decode, and while you're there, leave us a review.
0:41.0	Today in the Red Chair is Keith Roboi, an investment partner at Coastal Adventures in a long time entrepreneur who I've known for a very long time.
0:48.0	He was an executive at PayPal in the early 2000s and also worked at places like LinkedIn, Slide, and Square.
0:55.0	He joined Coastal Adventures in March of 2013 as invested in companies such as Stripe, HealthTap, and T-Spring.
1:02.0	Keith, welcome to the show.
1:04.0	Pleasure to be here with you.
1:05.0	You need to top Chimath from our last.
1:07.0	That's going to be a big challenge.
1:08.0	Well, you're kind of mouthing, so I think it will be just fine.
1:10.0	He's my inspiration.
1:12.0	He should be. He's really funny. He did a great job.
1:14.0	Let's talk about you've been around a long time.
1:16.0	You've been an entrepreneur, I like Chimath, an entrepreneur, and a venture capitalist.
1:19.0	Talk a little bit about your background.
1:21.0	I think people don't really know a lot about where you've been before you got to pay now.
1:24.0	So I had a pretty eclectic background, which I wouldn't necessarily recommend to other people who aspire to be entrepreneurs or VCs.
	...

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