Venrock partner Nick Beim speaks with Bill McNabb, former chairman and CEO of Vanguard, an asset management company that pioneered low-cost investing for the consumer. McNabb shares important leadership lessons including the importance of being humble, having a clear definition of success, and knowing what makes a high-performing team. McNabb reveals significant decisions he made during his time at Vanguard, such as having “no layoffs” during a crisis, and highlights the importance of thinking long-term while still being agile.