Pretty cool story.
Pretty cool story.
Some great stuff in this issue.
This I think about a lot especially in the context of SEAsia:
4/ Finally, I was struck by how all the companies mentioned in the “bubble” pieces – often in reaction to the sticker shock of what seemed like a large valuation back then – went on to bigger and bigger valuations as time went on, often many times over. Which leads me to wonder:
a) why did so many commentators miss the growth that was going to happen to these companies?
b) is the same mistake being made now in the narrative around valuations?
Now I want this book :: Loonshots.
I am still struggling to like OA. 😉
Quite a telling read. You don’t normally have someone this wealthy being so candid.
I love this one:
But it’s the easiest thing in the world to make money if you start with money. And then people give themselves credit for being that smart when they’re not.
Abigail Disney, heiress to the Disney fortune, has more money than she’ll ever spend. Here, she talks about being raised in a wealthy family.
— Read on www.thecut.com/2019/03/abigail-disney-has-more-money-than-shell-ever-spend.html
Long one – still reading. Always interesting stuff from Ray and plenty to learn.
I have been feel the same way about Ethereum. Let us watch and get rebuked. 😉
I think nary a week goes by where someone doesn’t ask me how VC is going and when am I going back. I guess back means to return to building something, joining a company or working on a product.
It’s normally something that requires a longer answer but usually I say ask me in 10 years. That’s cause it will probably take me that long to see if I am any good at this VC thing.
That being said I think people ask this due to the very nature of VC being somewhat transactional and maybe building something is more of a co-op approach since there are teams involved all working together to ship. It is a sentiment I think about a lot.
Saw this tweet the other day and was thinking about it even more:
Couple good reminders this week is the difference of transactional relationships and meaningful lifelong relationships. Shifting from VC back to operating was a good forcing function to see a lot of it!
— Josh Elman (@joshelman) March 23, 2019
However I always consider that there may be a better way but I am not saying I discovered it but highlighting that each and every craftsman in the world can approach their craft with a new frame of mind. With VC I think about what that means often.
Let me run down a few areas I think as a VC I can be more like the product person still living inside me:
I don’t intend to go back as some people call it since I think I moved forward while still getting better at my craft. I see my craft as helping build great companies by being their investor and whatever else they need me to be while I am in that role.
Pretty sure that is similar to what I did as a product person but I am not an employee or a founder.
However the North Star feels similar to me.
Your mileage may vary.
Never met him but my guess is if I stay in Singapore I will eventually.
Interesting to see where they take B Capital and their impact in SEAsia.
This should be good but will wait to see what people are saying before I even think of popping down 2 bills.