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Debt is Coming
Ballooning student loans in the US are a sign of the current system's inability to meet today's challenges. Investing heavily in initial training is relevant if the goal is to settle in one particular profession. But it is poor preparation for a career during which an individual will frequently switch jobs. In addition, entering one’s working life
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
the power of imagination and optimism is an amazing and essential part of innovation. But over the years, we’ve become so enamored with the unicorn valuation as the goal, that we started valuing the wrong things and overlooking the fundamental physics of business.
With capital at zero cost, growth at all costs became the mantra. How fast can you gr... See more
With capital at zero cost, growth at all costs became the mantra. How fast can you gr... See more
Where does VC go from here?
Finally, capital is becoming a commodity. The current discussions between economists about the “global savings glut” reveal that there is too much capital to invest and too few opportunities to secure sizeable returns[173]. This may come as a surprise for entrepreneurs who rack their brains in vain trying to pitch investors who refuse to deploy cap
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
There are great opportunities in front of us, for anyone whose eyes are open.
Friction (scarcity) allows for return on capital.
Lack of friction (abundance) allows for compounding growth.
The great businesses are the ones who harness both.
Technology changes where the friction is located.
Scarce resources become abstracted and turn abundant.
New scarce r
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