50:34Culture with Brian Chesky and Alfred Lin (How to Start a Startup 2014: Lecture 10)
From Y Combinator · Published Jul 22, 2017 · Watch on YouTube
TL;DR
Company culture is a shared way of doing things defined by core values, behaviors, and mission. Strong culture drives long-term performance – Fortune 100 best companies to work for outperformed the S&P 500 nearly 2x in stock returns from 1997–2003.
Key insights
- Culture is defined as: “Every day [core values] and [behaviors] of each member of the team in pursuit of our company [mission].”
- Strong culture provides first principles for decisions, aligns people, enables trust, clarifies what not to do, and helps retain the right employees.
- Gandhi quote cited: beliefs → thoughts → words → actions → habits → values → destiny.
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