+1 on diligence vs judgement; a GP that advertises strong diligence signals a good work ethic, but frankly better judgement trumps a worse work ethic where DPI is concerned.
This first section is titled 'Two ways to frame our existence' when the whole post was about framing, to me; how we frame our ideas determines our actions, results, and futures.
Absolutely love this, especially 'We are in the business of buying funds' - rings of the same framing Doug Leone has on being 'business partners' to startups, not just investors.
Great piece. The world isn't as categorical a place as people make it seem. Especially in power-law environments where the biggest successes are, by statistical definition, exceptions. Appreciate the bottoms-up approach.
this is essay is brilliant
Appreciate the kind note Andy, and big fan of your work at USV!
The Most Difficult thing in Venture Capital - learning to let go of our smarts (past successes)
+1 on diligence vs judgement; a GP that advertises strong diligence signals a good work ethic, but frankly better judgement trumps a worse work ethic where DPI is concerned.
Glad to hear that it resonates Euan.
This first section is titled 'Two ways to frame our existence' when the whole post was about framing, to me; how we frame our ideas determines our actions, results, and futures.
Absolutely love this, especially 'We are in the business of buying funds' - rings of the same framing Doug Leone has on being 'business partners' to startups, not just investors.
Glad you've enjoyed it Andy.
Great piece. The world isn't as categorical a place as people make it seem. Especially in power-law environments where the biggest successes are, by statistical definition, exceptions. Appreciate the bottoms-up approach.
Appreciate the note Lucas, glad you've enjoyed it.