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  1. Y Combinator31 min

    Building Your Board | Glenn Kelman

    Glenn Kelman, Selina Tobaccowala, James Slavitt, Jeff Markowitz, Mark Singer, Emily Melton, Austin Ligon, Reed, Julie Bornstein, Bob Milad, Jason, Janie, Scott, Chris Roski

    Redfin CEO Peter van de Ven transformed his company's governance by shifting board relations from adversarial to collaborative, implementing strict communication protocols and off-site retreats to foster honest dialogue and strategic alignment. To ensure operational efficiency, the firm recruited board members based on peer-scale experience and mission alignment rather than corporate prestige, resulting in employed agents who are three times more productive than industry standards. This deliberate restructuring of founder-board dynamics and executive accountability has enabled Redfin to maintain higher Net Promoter Scores while generating hundreds of millions in annual revenue.

  2. Milken Institute1h 1m

    Building an Entrepreneurial Ecosystem: Why L.A. Is Working

    Steve Drobny, Julie Gerberdinger, Kara, Walter, Scott, Eric Schmidt, Steve Groveyard

    The Silicon Beach panel highlights Los Angeles' rapid evolution into the third-largest global tech ecosystem, driven by a surge in venture capital from $500 million to $2.5 billion and a unique blend of engineering talent, design-focused "experience economy" companies, and diverse capital sources. Key figures from Upfront Ventures, TrueCar, and Strobe outlined how the region leverages lower hiring competition and quality of life to counteract high real estate costs, though the city still faces challenges in securing institutional-grade exit valuations compared to Silicon Valley. Despite hurdles like traffic and regulation, the consensus indicates that LA's distinct microcultures and aggressive expansion in sectors like autonomous vehicles and the experience economy are normalizing term sheets and fostering a resilient entrepreneurial environment.