Why Ben Horowitz doesn’t like hiring rich people

Words to live by.

Quartz

Andreessen Horowitz is one of the largest and most prestigious venture capital firms in the world. With more than $2 billion in assets under management, it has invested in dozens of successful companies including Facebook, Groupon, Zynga, Twitter, and Jawbone. Its founding partners are wise enough to assess what they learned along the way to success.

Ben Horowitz, who founded the firm with Marc Andreessen, recently wrote The Hard Thing About Hard Things, chronicling how his and Andreessen’s software company Opsware, narrowly survived the collapse of  tech bubble.

In a recent interview with Quartz, Horowitz talked about how he hires, gives feedback and the way he mentors startup CEOs. The following conversation was condensed and edited for clarity:

Quartz: Why does the book focus on struggle so much?

Horowitz: I think that business book reporting, it’s all Jim Collins, it’s the story of victory, it’s success bias over and…

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