YouSaid · the spoken record

Brad Garlinghouse

lines on the record
110
first
2019-05-20
most recent
2019-05-20
sittings or episodes
1
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podcast

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  1. Parking lot jobs, right? Yeah. I didn't think it was a parking lot. It was pretty fun. What happens during a lovely lunch? Well, at the time, I mean,

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  2. As I look back, you know, I do think so much of innovation is born out of the culture of an organization. And a culture that encourages risk and tolerates failure. Is I think a culture that will yield innovation because you got to take chances, you got to take risks. Right.

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  3. Out of that little seed. Oh, you ran with it. Came the peanut butter manifesto. Which you talked about the idea that you get covered with peanut butter, right? Well, the peanut butter analogy actually also came from the budgeting process at Yahoo because someone had said during a budgeting process that we spread our resources around like peanut butter and everybody gets some. And I remember I used that metaphor as a like, that's what's wrong, you know, and I think even today in life prioritize. Yeah, you got to decide you can't be all things to all people. That's true in all parts of business and personal professional. And I think Yahoo is too slow to let go of trying to be all things to all people and things that we're working. And it meant that things that were working got underinvested in, things that weren't working well, you know, the kind of good money after bad.

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  4. Yahoo. And later that day, we used to do with the executive staff. There's a daily, we call it a stand-up meetings. We used to check in for 15 minutes, a stand-up meeting. And at that meeting, there was a coveting about this New York Times article. And I think at the meeting, I was probably, if not the lone voice, a, relatively speaking lone voice, and saying, no, actually there's some really good points here. And at the time, my then boss, I think, to mostly get me to shut up, said why don't you write down what you think, you know, and

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  5. It was. It was one of the first times because everything was up and to the right with the internet companies. I mean, I loved my experience at Yahoo. As I was just talking about on the way into your studio here, the diaspora of Yahoo alums is a really impressive great group of people. And in the first handful of years, I was at Yahoo, it was up and to the right. And I remember going into kind of weekly staff meetings and every time you're up in our forecast and we could do no wrong. But you did start to see cracks in the ice. And I think, as is true in all of life, the first step to solving a problem is admitting you have one. I think Yahoo is a little bit slow in acknowledging it had one despite your pointing it out. Yeah, I tried to do it on a daily basis. Yeah. But why did prompted you to write that memo? You've talked about it before. Yeah, I've talked a little bit about it. I mean...

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  6. Ended up at Yachoo bought dial pad. Yep. Had a long run at Yahoo. You had a famous run at Yahoo! What did you run? You can be famous and long. Yes, yes. We have to talk peanut butter. You know that. That's what everyone knows you. So you were at Yahoo. What did you do there? Nobody knows you for peanut butter anymore. That's a long time ago. Yes, they do. I know now you're the rich CEO of Ripple. I get that. But I'm just saying that was a big moment when you talked about that because it was the first time people were talking about innovation problems within a company that was successful.

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  7. Early days of VoIP. Jesus, you've hit them all, haven't you? Yikes. Well, it was a good fit for me because I was a telco guy. And, you know, this was obviously pre-Skype in the kind of Netophone era. And that was, I mean, on one hand, things were a lot of consumer adoption, but at a time when, you know, the dot-com crash was crashing upon us. Sure. I'm only making you do this because I want them to understand that you are always at the forefront of some. And trying new stuff. Some sketchy stuff, but something interestingly early stuff. Sketchy. Anyway, long story short, kind of shortening this chapter.

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  8. And I read this article. And SBC was big. I wrote about it at the Washington Post. Indeed. ISDN. I can't get those days back, I have to tell you, all the time I spent. It's like you aged a day. I just want to say I cannot imagine I wrote about ISDN so much back then and now I'd forgotten until you just mentioned it. Yeah, I don't know. I can't remember what it stands for right now. Whatever. Anyway, I read an article in Wired Magazine and while I was a business school about John Malone and John Dorer talking about leveraging coaxial cable to deliver broadband. John Malone a legend too. And I called cable legend. The board members at the starting, it was when Will Hurst was the CEO of At Home. And I got myself an internship there. Actually, I was technically an intern at TCI, the big cable company. That's also long gone. It was another one, yeah. We're dating ourselves. I know we are, but that's okay. So you did that, and then you worked it at home and then went over to Yahoo, right? No, I went in between there. I was at a company called Dial Pad doing voiceover IP. Yeah.

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  9. Ripple is effectively an enterprise software company selling blockchain and crypto technologies to banks, payment providers, financial institutions globally to solve a cross-border payments problem. Oh, that's well done. Very nice. Very nice. So we're going to talk about your journey, Brad, because thank you for correcting me immediately. That's a nice thing for you to do. So let's go through your history because I think we'll know you from a lot of other things, right? Where did you start? I forget. My first job in Silicon Valley, I moved out here in 1997 and joined a company called the At Home Network. Oh, you were at old school. You were at Wall Street Journal those days. Oh yes, I was trying to take that company down. That was a full of suspect characters. This who ran it. There were a lot of really Tom Germalock, DJ. Oh, I am.

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT

  10. Hi, I'm Kara Swisher, editor at large of Recode. You may know me as someone who traded all my Bitcoin for a pair of cool sunglasses because you can't wear Bitcoin, but in my spare time I talk tech and you're listening to Recoat from the Vox Media Podcast Network. Today in the red chair, I'm so excited to have Brad Garlinghouse, the CEO of Ripple. I knew him when he was other things, but now he's the CEO of Ripple, which is an online exchange for tokens representing fiat currency, cryptocurrency, commodities, and more. He previously was CEO of Hightale. That was a bad period, wasn't it? That was a wind in your face trying to turn something around. All right, whatever. Welcome to Recovery. How would you like me to describe it? You describe not an exchange. What are you? How would you describe it?

    2019-05-20 · Decoder with Nilay Patel · Recode Decode: Ripple CEO Brad Garlinghouse · IDENTIFIED FROM THE TRANSCRIPT