Craft Ventures
Published in

Craft Ventures

Happy Talk versus Hard Talk

On Friday President Trump declared a national emergency. The market shot up 10% in a relief rally. Why would people be relieved that there was an emergency? Because they already knew we were in one.

Previously they were only getting “happy talk” from leaders — invocations to stay calm, dismissals of the seriousness of the problem, empty reassurances that things would get better. What people wanted was “hard talk” —…




Craft Ventures is an early-stage fund dedicated to the craft of building great companies.

Recommended from Medium

Skills That Pay the Bills, But What If They’re a Culture Vulture?

Purpose, Focus, Entrepreneurship: The culture of ONE’s Policy Team

How to Support Virtual Teams at the Point of Need

Positive Transformation in Europe via Theory U

Ten Important Factors Of Leadership

Why are OKRs different from KPIs?

Management and leadership books I read in the last 4 years

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
David Sacks

David Sacks

General Partner and Co-Founder of Craft Ventures. Previously: Founder/CEO of Yammer. Original COO of PayPal.

More from Medium

Tick tock — can others hear your clock?

How to Decide if a Career in Venture Capital is Right for You

The Secret to Raising Capital for Your Company or VC Fund with Jason Kirby of

Rise of the Marcher Lords: Danger from the Edges & the Importance of Environment