In this episode, Stan interviews Keith Rabois, an esteemed entrepreneur and venture capitalist known for his pivotal role in companies like PayPal, Square, and LinkedIn. Keith discusses the crucial role of persuasion in scaling a company, sharing stories from his early entrepreneurial days and providing valuable advice for startups on raising capital and negotiation. Keith delves into his philosophy of negotiation, the art of hiring relentlessly resourceful talent, managing employee motivation, and the importance of clarity in negotiations. The conversation also explores Keith's approach to investing, emphasizing the need for founders to possess persuasive skills, and highlights memorable pitches from companies like Airbnb. Keith offers practical advice for those looking to break into startups or secure meetings with influential figures. This rich dialogue is filled with actionable insights and real-world examples that aspiring entrepreneurs and investors will find invaluable.

00:00 The Importance of Persuasion in Scaling a Company

00:25 Introducing Keith Rabois: Entrepreneur and Investor

01:16 Keith's Negotiation Philosophy and Tactics

05:03 Lessons from PayPal and Other Early Ventures

10:13 Recruiting and Identifying Talent

14:05 Management and Employee Motivation

20:22 Transitioning to an Investor Role

23:16 The Path to CEO: Sales vs. Technical Founders

24:23 The Art of Persuasive Pitches: Lessons from Airbnb

27:14 Evaluating Teams: The CEO's Role

28:33 Friends and Family in Business: Risks and Rewards

32:03 Navigating Leadership Conflicts: Lessons from PayPal

34:39 Measuring Inputs vs. Outputs: Risk and Persuasion

36:28 Career-Changing Persuasion: From Law to Tech

40:08 Getting Noticed: How to Pitch to Investors

41:26 Persistence Pays Off: Breaking into Startups

42:16 Long-Term Relationships in Business

43:30 Full Circle: A Fun Anecdote

44:24 Conclusion and Final Thoughts

Host Stan Christensen has spent his career working as a professional negotiator in a variety of arenas. He has also taught a popular course on negotiation at Stanford University for over twenty years.

#Negotiation #keithrabois #stanchristensen