Time is all that matters #a16z #venturecapital #Time #Matters

So I picked an hourly rate for myself that I was worth. And I said, I'm never going to squander my time for less than this. Originally it was 500 bucks an hour, then I upgraded to 5,000 bucks an hour. It's ludicrous, but pick an aspirational hourly rate. Aspirational, it has to be a little ludicrous. And then what I would do is if I have to return something, I'm standing in line to return something, and it's below my hourly rate, I'll throw it away. Or give it away. If I have to do some task and I can hire somebody to do it for less than my hourly rate, I would hire them. And so I just became extremely jealous of my time, which doesn't mean you can't have fun. Rest, leisure, spending time with your friends and family, that's all great. Don't count that. But if you're doing anything you don't want to do, which is the definition of work, it's a set of things that you have to do that you don't want to do, if you're working, it better be for your hourly rate. Otherwise, don't do the work.