In technology, the concept and cycles of bundling and unbundling are well-understood. Historically what we have seen is that at very early stages, unbundling occurs, until some early primitives and use-cases are understood, which then results in bundling often due to necessity to level set a user experience or to kickstart true usage. As a given platform matures, unbundling then occurs to...
How technology markets and venture capital are heading towards a great bifurcation, an explosion of narrative driven value creation, and much more which will meaningfully change the job of technology investors across all asset classes.
If loops are the power source that accelerate the flywheel, inflection points build the spokes and physical properties of the flywheel, create the initial spin, and eventually are the stick which stops the wheel dead in its tracks.
Walking through the trickle down dynamics of how COVID-19 is impacting venture capital valuations
After spending some time reflecting on 2019, I figured I’d write out these thoughts more for my close friends, and it’s possible at some point I’ll publish an edited version of this without a password. Disclaimer that many of the views expressed below on life come from a specific type of experience both on growing up and of economic status and mobility. My key learnings/top of...
The importance of utilizing pseudosecrets to define and proliferate a narrative about your company.
Disclaimer: I believe that unless you are one of a few firms, there is no possible claim that there is a “correct” way to do venture, only to treat people with respect along the way. Venture capital started as a network heavy business and arguably still is to many. I don’t think that is dominant anymore. The Early Days: VC was the ultimate network business Venture capital started as the ultimate...
What happens when we can facetune to something “better”, generate to something familiar, and filter to something different.
Hatsune Miku and Gorillaz were just the beginning of the digital celebrity revolution.
What the future of machine learning does to the future of trust.
Venture Capital functions with a power law where the majority of a fund’s returns come from a small percentage of investments. Because of this, VCs need to know if a single investment can return the entire fund. As Bill Gurley famously said “Venture capital is not even a home run business. It’s a grand slam business.” This is where the Return The Fund (RTF) analysis comes into play.
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