Mishael Moritz on why yesterday is irrelevant

Continuing in the vein of yesterday's post, here's another great article from The Macro. This time it's Michael Moritz from Sequoia, sharing advice on how to build a company that achieves success over a long period of time (think 40+ years):

Yesterday is irrelevant

How have we done it? It all sounds very, very mundane. You can read a book about the principles of high performance, or great leadership, and it’ll all sound very straightforward and rudimentary. The difficulty is doing it every day, doing it every week, month, quarter, year, and keeping that beat up.

That was one of the great things about Steve Jobs, it’s one of the great things about Larry Page, it’s one of the great things about Jeff Bezos, or Reed Hastings. These are leaders who are capable of doing it. How do they do it?

They want to make sure that their product is fresh, that it changes with the times; that they never rest on their laurels, or get complacent; that they always have an element of insecurity about feeling that they can always get eaten by a competitor, and that past successes don’t mean all that much.

Which is part of the reason we don’t have all sorts of lucite blocks commemorating this or that anniversary of some company hanging around the office at Sequoia: Because all of that is yesterday, and it’s irrelevant to the future.

Achieving success once isn't hard. Sustainable success at the highest level is.