1.3. Heroes
âI spent most of my time buildingâchips and software and devices and companiesâand the rest of my time reading everything I could get my hands on about the industry. And thatâs what set me apart. Thatâs what can set anyone apart. Bill Gurley, the incredibly smart, wry, contrarian Silicon Valley VC and Texan deal maker, puts it this way: âI canât make you the
smartest or the brightest, but itâs doable to be the most knowledgeable. Itâs possible to gather more information than somebody else.
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When Larry told me during acquisition that Google would marshal the team and align their priorities with ours, he was 100 percent telling the truth. But what that looked like at Google was giving the team the skeleton of a plan and letting them fill in the rest as they went. Then theyâd have a meeting every so often to ask how things were going.
But I had interpreted his words through an Apple lens. If Steve Jobs said he was going to marshal the team, that meant he was going to be there every step of the wayâweekly, sometimes daily. Heâd assemble everyone, tell them where to go, make sure they were marching together, and drag any stragglers back in place by sheer force of will.
Google Ventures, now known as GV, was an investor. They knew our financials and had always been extremely supportive, so I wasnât worried about the number. I was worried about which teams weâd work with, what technology weâd share, what products weâd build. Nest wasnât joining Google for the moneyâwe were joining to accelerate our mission. So it was always mission first, money second.
Together with Google, we went through every single functionâmarketing, PR, HR, sales, every part of the company. We established where we could create synergies and where we couldnât, figured out which managers would be assigned to us, how we would do the hiring, which perks people would get, which salaries they could expect, which teams would be working together closely, and how those relationships would be established.
It took a lot of time. In fact I was starting to get a lot of eye rolls. âReally, Tony? You want to get into the details of this now?â Yes, yes, I do. Itâs important.
And it wasâcritically important and usually overlooked.
Most acquisitions are driven and overseen by bankers, and bankers only make the real money if the deal goes through, so theyâre motivated to move fast and get paid. They donât care about getting every detail of what happens to employees right. They donât really care about cultural fit. Not deeply.
Or, as Bill liked to say: âIf youâre a great manager, your people will make you a leader. They acclaim that, not you.â He attributed this mantra to Donna Dubinsky and usually included the not-so-flattering story behind it. Donna worked with Bill at Apple and Claris, the software company that was spun out of Apple. Bill had been a big shot at Apple, VP of sales and marketing, and had been very successful at Kodak. In both companies he had been detail oriented, frequently micromanaging his team members. That worked pretty well, so when he took on the CEO role at Claris, he figured it was his job to tell everyone what to do. Which he did. Late one afternoon Donna dropped by Billâs office and told him that if he was going to tell everyone what to do, they were all going to quit and go back to Apple. No one wanted to work for a dictator. She added a bit more wisdom for the first-time CEO: âBill, your title makes you a manager; your people make you a leader.
Both his media savvy and dealmaking, two pillars of his rise, rest on his remarkable ability to tell a good story. In this Altman is a natural. Even knowing as you watch him that his company would ultimately fail, you canât help but be compelled by what heâs saying. He speaks with a casual ease about the singular positioning of his company. His startup is part of the grand, unstoppable trajectory of technology. Consumers and advertisers are clamoring for the service. Donât bet against himâhis success is inevitable.
From both men, Altman also learned the importance of building relationships and creating ânetwork effectsâ as an individual. âIâve heard a lot of different theories about how things get done,â he wrote on his blog in 2013. âHereâs the best one: a combination of focus and personal connections. Charlie Rose said this to Paul Graham, who told it to me.â Altman would later add a third ingredient: self-belief. âFor startups I think itâs really important to add this,â he said. âYou actually have to believe you might do it.â