Luke Versweyveld

hand off your back-office to a tech-enabled team that works like a single, impossibly capable employee

[Luke Versweyveld @LukeVerswey]

@gabriberton We are 👋

- Head of Hospitality to make sure our clients are delighted
- Head Nerd to make sure we are using the tools and platforms available to us at the highest level
- Technoparalegals

[Luke Versweyveld @LukeVerswey]

@iScienceLuvr 👋

[Eric Ries @ericries]

Thank you @ycombinator and @garrytan for supporting these ideas to protect the next generation of founders

[Tanishq Mathew Abraham, Ph.D. @iScienceLuvr]

cancer, and all disease

[Y Combinator @ycombinator]

Eric Ries (@ericries) is the author of The Lean Startup, the NYT bestseller that became a playbook for a generation of founders. He's also the founder of the Long-Term Stock Exchange and has a new book out called Incorruptible: Why Good Companies Go Bad and How Great Companies Stay Great.

In this episode of Main Function, Eric sat down with YC's @garrytan to talk about why so many founders lose control of the companies they build, and what they can do to stop it.

00:47 — The Professor's Wake-Up Call
03:43 — A Wake, Not a Party
05:12 — Shareholder Primacy Explained
08:20 — The Jeff Lawson / Twilio Story
10:27 — When You Fire the Founder
12:01 — The Legend of Sol Price
15:38 — Costco's Secret Origin
18:33 — Mission-Controlled Companies
19:40 — Finding the Right Board
22:26 — Just Become a PBC
23:40 — Who Invented Shareholder Primacy?
27:08 — It's Not Even a Law
30:28 — The Builder's Intuition
34:47 — Novo Nordisk & the $600B Bet
39:47 — Industrial Foundations Outperform
42:08 — The Problem With VC Fund Structure
43:05 — Dual Class Isn't Enough
44:54 — Building Something That Outlives You
45:03 — Anthropic's Governance Story

[Sarah Lacy @sarahcuda]

TONIGHT! My bookstore in Downtown San Francisco is hosting @ericries FIRST Bay Area book launch for his new book INCORRUPTIBLE (a full WEEK before it comes out!!) https://t.co/zAuuR00V0t WHY should you care?

[Luke Versweyveld @LukeVerswey]

@Hania16836

[Luke Versweyveld @LukeVerswey]

@winstonweinberg How is Customer defined? Users, or the law firm itself?

[Luke Versweyveld @LukeVerswey]

Hey @denk_tweets anyone use beehiiv *just* for product updates?

[Zane Hengsperger @zanehengsperger]

ended up picking excel

[Luke Versweyveld @LukeVerswey]

Just wait until lawyers learn about GitHub

[Lenny Rachitsky @lennysan]

"A lot of people liked the Lean Startup, but no one ever said it made them cry."

In 16 days, @EricRies's new book Incorruptible comes out.

It's about why you can taste it when your favorite restaurant gets bought by a PE firm, why even Steve Jobs got fired from Apple, and why over 80% of founders get fired within 3 years of taking their company public.

In our real-talk conversation, we discuss:
🔸 "Financial gravity": the force that predictably pushes successful companies into mediocrity
🔸 The Groupon email death spiral every public company eventually runs
🔸 "It is always too early to protect your company. Until it's too late."
🔸 The "governance fortress" Anthropic, Costco, and Patagonia all have—and your company probably doesn't
🔸 Three things founders can do this week to protect their company long-term.

Listen now 👇
https://t.co/PWXYtw72Cj

[Luke Versweyveld @LukeVerswey]

@shardiban @Jason This would be incredible

[Alexis Gallagher @alexisgallagher]

Sparky co-designing his ... finger?!

[Luke Versweyveld @LukeVerswey]

@coldemailchris Just Mercury

[Luke Versweyveld @LukeVerswey]

One major downside is it immediately throws the recipient into withdrawal which is dangerous for both the patient and first responders.

We need an intervention that reverses the respiratory effects of the opioid while keeping other pathways open. https://t.co/7J7VUOEKhE is working on this

[Luke Versweyveld @LukeVerswey]

@james406 Please bro. Just trust me bro.

[Luke Versweyveld @LukeVerswey]

@oroagents Are those wands?

[Mehdi Jamei 🗽 @mjamei]

➕Veris Plus is live.

[Luke Versweyveld @LukeVerswey]

@tenyearsnow You mean immoral