Vinod Khosla on his biggest return in history of VC & changing trajectory of the internet | Summary and Q&A

TL;DR

Juniper, a TCP/IP router company, changed the trajectory of the internet, despite major carriers and Cisco doubting its success, proving that one entrepreneur can make a significant difference. The founder of Juniper, alongside other influential entrepreneurs, continues to work on high-impact, low-probability ideas.

Key Insights

• 🙈 Entrepreneurs can significantly impact industries and change trajectories, as seen with Juniper's TCP/IP routers.
• 🥺 Believing in an idea, even when others doubt its success, can lead to massive returns on investment.
• 💦 Finding enjoyment in taking risks and working on high-impact ideas can drive entrepreneurs even after significant successes.
• 🏛️ Assisting entrepreneurs in building their ideas and offering guidance can be just as valuable as providing financial support.
• 🎮 Controlling the user experience and appearance of videos is crucial in marketing and business settings.
• 🎮 Wistia is a highly recommended video hosting platform that offers control, analytics, and support.
• 🎮 Video is an essential tool for effective communication and is increasingly demanded by consumers.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: Did major carriers and Cisco initially believe in the success of TCP/IP routers?

No, every major carrier and Cisco insisted that TCP/IP routers were not suitable for the public network, but Juniper proved them wrong.

Q: Was Juniper's return on investment significant?

Yes, Juniper's founder stated that they made a $5 million investment that brought in returns of around $7 billion, making it a highly successful venture.

Q: Why did the founder of Juniper continue working instead of retiring after such a big success?

The founder mentioned loving the process of working on new ideas, taking risks others wouldn't, and assisting entrepreneurs in building their ideas, emphasizing the importance of increasing the probability of success.

Q: How does Juniper's founder view their role in the venture capital industry?

The founder considers themselves a venture assistant rather than a venture capitalist since their focus is on increasing the probability of success for entrepreneurs, based on past mistakes and experience.

Summary & Key Takeaways

• Juniper started as a TCP/IP router company in 1995, despite major carriers and Cisco doubting its success.

• Juniper's founder, Deep Sindhu, changed the trajectory of the internet by betting on TCP/IP when others were going with ATM technology.

• The success of Juniper resulted in a massive return on investment, proving the power of believing in an idea and disrupting the industry.