The CEOs Building Tomorrow's Giants Take Big Risks Today
Something different. As an investor, I look for what I call "ambitious failures".
CEOs moving quickly, taking big swings, and striking out every once in awhile is not necessarily a bad thing. Big thinkers and innovators play big.
But as a shareholder betting on asymmetric returns, I WANT my leadership to play fast + play BIG.
Couple examples of founders moving fast, playing big (and sometimes flopping):
> bezos launched $Amazon.com(AMZN)$ 's fire phone, it flopped
> $Meta Platforms, Inc.(META)$ zuckerberg went all in on metaverse, flopped
> $Coinbase Global, Inc.(COIN)$ 's nft marketplace flopped
> $GameStop(GME)$ 's ryan cohen ballsy move to try to buy ebay
..an absence of "ambitious failures" can be a sign that leadership isn’t taking enough asymmetric bets.
So the execution/outcomes are not the only thing I look for in a leadership team...I want to see a recurring theme of having the balls to play big.
1) Kaz at $Opendoor Technologies Inc(OPEN)$ is playing big
2) EB at $Ondas Holdings Inc.(ONDS)$ is playing big
3) Vlad at $Robinhood(HOOD)$ is obv playing big
I want to see evidence of epic vision.
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