The Importance of Lifelong Relationships

At my son’s convocation at Wharton, the incoming MBA class was asked to write the names of their five best friends on the left side of a page and then the five people with whom they would most want to start a business on the right side of a page. The lesson was that the key to success in business was to develop relationships so that the future version of that piece of paper would have as many overlapping names as possible on both sides of the page.

Earlier this summer, I was invited to speak to Brooklyn College’s 2016 graduating class. I wanted to emphasize the importance of lifelong relationships for personal and business success. For me, Brooklyn College was foundational to so many of my most important relationships. It is where I met my beautiful, brilliant wife Michelle as well as eight couples who all attended my son’s wedding late last year. As we wrapped up our 10th Annual Azure CEO Summit, I was humbled to see so many familiar faces that may have started as business acquaintances but have now become close friends. As I reflect on the importance of these lifelong relationships, I wanted to share my speech to the Brooklyn College’s Class of 2016.

Good Morning, President Gould, distinguished faculty, parents, and especially – the fabulous graduating class of 2016! It’s a great pleasure to be back in Brooklyn to greet you all today, as I now live in what’s known as Silicon Valley, California.

I want to focus on three things:

  1. Make sure your friends from Brooklyn College become friends for life.
  2. College is only the beginning of your education, post-college you must continue to learn or you will be left behind.
  3. Never forget that Brooklyn College helps people move up in society.

My beautiful, brilliant wife, who I met at Brooklyn College, is also here today. We recently celebrated our son’s wedding. One of the highlights was there were 8 couples attending where the origin of the relationship stemmed from our school days. And make no mistake about it; there is a difference in the depth of the relationship when you know someone from that early in life. So my first advice is: “Make sure you stay in touch with those you really care about from college”

Brooklyn College is for people who work hard, are smart and typically couldn’t have afforded to go to college were CUNY not available

It helps people move up in society

The close friends I met here all had parents with modest incomes. Yet, we are all very successful financially –but more importantly –in life.

In my case, my father was an immigrant who came through Ellis Island. He had to go to work and couldn’t even attend high school. My mother, the daughter of an immigrant, did have the opportunity to finish high school.

Brooklyn College allowed me to be part of the first generation from my family that could afford college. And it provided as good an education as any school in the country!

I became the CEO of a successful startup and then went to Wall Street where I became the Number 1 Analyst following the PC space, and after 10 years left Wall Street to co-found a Venture Capital firm. 

The trick for you to replicate what my friends from College and I have achieved is to leverage this great education and your superior intelligence beyond college. Senator Schumer mentioned the advantage you have because you know today’s technology. This advantage is ephemeral. Whether you’re going to grad school or straight to a job my second bit of advice is:

Never take anything for granted, the world is changing at an increasingly rapid pace. Within 5 years all that you know regarding technology will likely be obsolete. To keep up you must always continue to learn. That coupled with working hard is the way you will succeed beyond college.

Many of you may have noticed that governmental support for CUNY is diminishing and could impact the school. “So, once you do succeed, as I know you will, remember to give back to Brooklyn College so the next generation that wants to move up in society has the same opportunity as you

Thank you and congratulations.

Soundbytes

  • Speaking of long term relationships, I am both happy and sad to note that Dan Park, my editor and collaborator for SoundBytes is leaving his full-time position at Azure to take a senior operating role at Uber Canada. I’m happy for him but sad not to have him continue full-time at Azure. Fortunately, he has agreed to remain as an Azure Venture partner and to continue to work with me on this blog.

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