Saved by Alex Wittenberg and
Compounding Crazy
One of the driving insights that led me to leave my job in 2021 at Reddit, because of my interest in the crypto industry, because of my fascination with decentralization, and because of my, you know, belief that the ability to own and control and create and have access to all of the data that we as individuals create online. I didn't believe that I
... See moreMaples: I think the tech business is just fundamentally characterized by—Darwin had a term for it in evolution, “punctuated equilibrium”—where the world is evolving a certain way and then bam, it changes completely and fundamentally. You can even see this in the fossil records. Where the fossils progress at a certain rate, and then bam, there is a
... See moreTarang Shah, Tarang Shah, Sheetal Shah • Venture Capitalists at Work: How VCs Identify and Build Billion-Dollar Successes
But here’s the magic few people ever talk about …We’ve created more than $1.5 billion in value to Upfront from just 6 deals that WERE NOT immediately up and to the right.The beauty of these businesses that weren’t immediate momentum is that they didn’t raise as much capital (so neither we nor the founders had to take the extra dilution), they took ... See more
Both Sides of the Table • What Does the Post Crash VC Market Look Like?
Marc Andreessen explained how this has worked in tech: “All of the ideas that people had in the 1990s were basically all correct. They were just early.” The infrastructure necessary to make most tech businesses work didn’t exist in the 1990s. But it does exist today. So almost every business plan that was mocked for being a ridiculous idea that fai... See more