Yan-David Erlich, COO and CRO of Weights & Biases, discusses his decision to leave venture investing and join the AI industry. Topics include Snowflake vs. Amazon, Slack vs. Microsoft Teams, regret minimization, leaving LinkedIn, the failure of Happiness Engines, and the growth of Weights & Biases.
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Quick takeaways
Embracing the unknown and choosing adventure over comfort leads to personal fulfillment.
Speed advantage is crucial in competitive markets, enabling innovation and disruption.
Prioritizing personal happiness and embracing one's journey outweighs financial trade-offs and regret.
Deep dives
The Power of Embracing the Unknown
The speaker discusses the importance of embracing the unknown and choosing interesting adventures over comfort and stability. They emphasize the fleeting nature of life and the need to make the most of the brief moments when opportunities arise. The speaker reflects on their own experiences of taking risks and making unconventional decisions, highlighting how these choices have shaped their life and brought them fulfillment.
The Speed Advantage in Competitive Markets
The podcast explores the concept of speed advantage in competitive markets, using examples from various industries such as cloud infrastructure and experiment tracking. The speaker highlights the importance of being the first mover and capitalizing on lead time to stay ahead of competitors. They discuss how speed can be a game-changer, not only in terms of distribution but also in terms of innovation and strategic shifts that disrupt existing market dynamics.
Reflections on Career Decisions and Regret Minimization
The speaker shares personal reflections on career decisions and the concept of regret minimization. They discuss how the choices we make shape our lives and acknowledge that while some decisions may have financial or professional trade-offs, they often lead to personal growth and fulfillments that outweigh monetary gains. The speaker emphasizes the importance of prioritizing personal happiness and embracing the journey, rather than obsessing over external validation or regretting missed opportunities.
Embracing Personal Identity and Regrets
The episode delves into the concept of personal identity and the idea of wanting to be someone else. The speaker emphasizes the importance of embracing one's own identity and not trading it for someone else's. They discuss the difficult decisions and regrets that come with choosing between different versions of oneself and highlight the significance of past experiences in shaping who we are today. They also touch on the impact of anxiety and the potential desire to reduce it while acknowledging its role in personal growth and development.
Navigating Startup Failures and Personal Growth
The podcast explores the challenges and emotions associated with startup failures. The speaker shares personal experiences of failed startups and the doubts and regrets that followed. They highlight the importance of learning from mistakes and taking on new challenges to grow personally and professionally. They discuss the role of partnerships and supportive relationships in navigating the hardships of entrepreneurship, emphasizing the significance of a strong and understanding partner. Additionally, they reflect on the evolution of their role within startups, recognizing the value of being an effective leader in specific areas rather than striving to be the CEO.
Guest: Yan-David Erlich, COO and CRO of Weights & Biases
After starting four companies, Yan-David Erlich had found happiness and success as a GP in Coatue’s venture fund — but then, after investing in the AI developer platform Weights & Biases, he realized the time was right to get back into operating. That was not a decision he made lightly, consulting with his wife before he became the startup’s COO. The challenges of entrepreneurship get easier, he explains, when you have a supportive partner in your corner. That’s why he believes he could roll with the loss of his home or his job or his money — but not her.
In this episode, Yan-David and Joubin discuss Snowflake vs. Amazon, Slack vs. Microsoft Teams, Donald Trump, charting your own destiny, regret minimization, alternate selves, Michael Dearing, chips on your shoulder, Google Glass, industrial sales, the AI & ML window, hairball problems, fixing giant messes, and fighting a bear.
In this episode, we cover:
The advantage of speed (01:06)
Competing against a massive business (05:24)
Idiocy and secrets (09:45)
Yan-David’s past companies (12:34)
His philosophy on life (17:17)
Leaving LinkedIn (22:14)
Anxiety and regret (26:27)
The failure of Happiness Engines (34:43)
Why Yan-David left Parsable after five years (38:05)
Coatue’s venture fund (46:13)
Weights & Biases and the ML moment (48:08)
Why AI is still underhyped (51:05)
From investor to board member to COO to CRO (55:20)
Being a good lieutenant (58:51)
The hidden costs of operating (01:01:33)
Successful entrepreneurs and happy relationships (01:05:55)
Who Weights & Biases is hiring & what “grit” means to Yan-David (01:10:26)