Biggest hiring lesson for start ups I learned: Be very careful when you hire fancy execs from big companies. They often can’t deliver results under constrained resources. What makes you successful in a big company is very different than what makes you successful in a start up.
Imran Khan
1,374 posts
CIO of Proem Asset Management; BOD @zetaglobal. Past, CSO @Snap; MD @ Credit Suisse & JPM. Co-founder Verishop. My own opinion & not investment advice
Dallas, TX
Joined March 2011
- ✋ Directly or indirectly helped create 1000s of jobs by founding Verishop, growing Snapchat sales to $1 billion from 0, advising countless companies. Paid nearly $100 millions in taxes. It’s OK to have a policy debate re: immigration, but it’s NOT OK to spread a false narrative.Most third-world migrants can not assimilate into civil societies. Prove me wrong.
- $GOOG went public 20 years ago today. I was an IPO analyst for the deal. I remember, in the early days, I had to explain to many investors how Google makes money. If I were smart, I would have quit my research job at JP Morgan and invested all my savings in Google. LOL
- We cut our SaaS expenses by over 50% and have reduced the number of SaaS vendors by 66% over the last 12 months for one our companies. Don’t see a negative impact in the business from these cuts. Everyone should check their SaaS expenses and make sure they are spending wisely.
- Today @lindayaX spent the morning with us at this year’s first Khanference and we had a wonderful conversation. Here are some facts that Linda shared straight from the heart of the platform:
- Devastated to share that my dad has passed away. He was a loving father who always stood by me. I will miss him deeply. Love you abba❤️
- It was great to be with my dear friend @John1wu and @el33th4xor at the Avalanche Summit. Congrats team organizing such an awesome conference.
- After spending a day In SF, I realized I need to start spending more time here. AI revolution is happening here.
- If you scale a money losing business then you only scale your losses. The idea that if you build and profit will come is often fantasy.Lyft Revenues (Billions)... 2022: $4.10 2021: $3.21 2020: $2.37 2019: $3.62 2018: $2.16 2017: $1.06 2016: $0.34 Lyft Net Income (Billions)... 2022: -$1.58 2021: -$1.01 2020: -$1.75 2019: -$2.60 2018: -$0.91 2017: -$0.69 2016: -$0.68 $LYFT
- My parents got vaccinated 3 days ago in Bangladesh. My dad had light reaction (low fever) and mom had no reactions. Both feeling great now and looking forward to their second shots. So happy 🙏🏽🙏🏽🙏🏽. Looking forward to seeing them soon.
- Verishop turns 1 today. We now have almost 600 brands and close to 10,000 product choices. Yesterday’s order volume exceeded Black Friday by more than 40%. Nearly 1/3 of our volume came from repeat orders. This year we are focusing on making shopping fun.
- I can buy world class public companies who will be incredibly benefitted by AI at 20x to 25x GAAP eps OR I can go buy some private companies with unproven management team who never made a dime profit but fly private jets at 50x revenue multiple 🤷🏽Dear venture capitalists: You're blowing it axios.com/2024/04/24/ven…
- Replying to @FareedZakariaSir, I respect your opinion, but I believe your perspective may be shaped by living in NYC and attending fancy conferences. I encourage you to visit upstate New York and other smaller towns across America. There, you’ll see firsthand how unchecked globalization has negatively
- There are 1916 US public companies with over $1B market cap. According to Crunchbase there are 1440 unicorn companies currently.






