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Ben Horowitz: The problem with hiring rich people

Ben Horowitz
Adam Jeffery | CNBC
Ben Horowitz

Silicon Valley investor Ben Horowitz has a tough time dealing with rich people. At least, he has not had much luck working with them.

"I had a terrible time hiring rich people," Horowitz said in an interview with Quartz. "It sounds funny but the problem is when things go wrong they can ask, 'Why am I doing this?' You don't ever want anybody asking that question. You want them to say, 'I know why I'm doing it, I need the money, let's go' or whatever it is that draws them."

(Watch: The Entrepreneurial Indicator: Horowitz)

Today Horowitz is a partner and co-founder of venture capital firm Andreessen Horowitz, which has invested in Facebook, Twitter and Pinterest, among others.

He wrote a book called "The Hard Thing About Hard Things," a book about the struggles and nasty bits that come with running a company. Too many business books focus on companies that are succeeding, that have already conquered their industries or fought off competitors, Horowitz told Quartz. They do not talk enough about the things that can go wrong, he said.

Horowitz knows well what can go wrong. Before he joined the venture capital game, he ran a networking software company called Opsware that he almost lost to the tech downturn of the early 2000s, only to sell it to HP for $1.6 billion in 2007.

To read the full interview on Quartz, click here.

—By CNBC.com.

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