The single most important advice Peter Thiel (Co-founder of PayPal & Palantir) gave to Brian Chesky (CEO of AirBnB) after he invested $150M in the company was, “Don’t f**k up the culture”.
He didn’t say “Don’t waste the money” or “Don’t buy a Ferrari”. What he is implying is that you need a good culture to build a successful company. But what the heck is company culture?