1/ There are products/resources that I wish I had found much earlier in my journey as a CEO/founder. Here are some of the most valuable.
[Like always I’m not an investor/advisor in any unless noted.]
2/ @lever – lifeblood of your co starts w/ recruiting. Lever makes that 10x easier. I love the product & love how it can help prevent groupthink. Btw imagine the value of their data. https://t.co/zfwivTZEsL
1/ I’ve said a few times that I think @Instacart will win in grocery delivery. They will beat @Amazon. It isn’t a popular view, and there aren’t a lot of folks that bet against any part of the Amazon machine.https://t.co/Aiihhf8FFa
2/ I know, I know – insane to bet against a trillion $ business. Maybe. But a little insanity is what you need as a private investor. Or an entrepreneur.
Let me lay out the argument and see if there is a good response other than “yeah but Amazon has a lot of money.”
3/ First, Amazon already tried to vertically integrate. It didn’t work. Amazon Fresh failed. It failed when they already had ~100m prime members along with all of the other mothership benefits. Still didn’t matter.
Now their offering is called Amazon Prime Now.
2/ There are wonderful things about the tech press-namely giving attention to innovation (which spurs more innovation & invst). The tech press matters- a lot.
But I also think too often they get seduced by large funding rounds. Talking about raising $100m is, very oddly, sexy.
3/ Raising big rounds is dilution. It is a post-money trap. It is a narrowing of options for exit. It is added pressure to grow- by Any. Means. Necessary.
And yes- sometimes it might also be a possible indication that company has some traction.https://t.co/6RMGu3x0CL
1/ I’ve talked several times before about building a systematic fund in the private markets. Systematic quant vc/pe funds are coming, and they will grow quicker than anyone expects.https://t.co/sGc7lVHBKs
2/ To build a successful systematic VC/PE fund, several things are needed.
I’m going to talk about two specifically here:
A. Information advantage (IA)
B. Large # of companies (N)
IA + large N = enormous value.
3/ In almost any domain, if you have a small advantage and enough swings at bat, you will ultimately come out on top. Let’s rattle through some examples: