Thread by @patio11: "Some people really benefit from hearing advice that everyone knows, for the same reason we keep schools open despite every subject in them h […]"

I think that there has been a shift towards this very formulaic driven growth in enterprise software which is very unhealthy. There is a calculation of well here's my CAC, here's my LTV, here's my payback period, I'm ready to sell, let me hire 50 sales reps and let's push this into the market, and three years down the line all the assumptions that ... See more

What are three things you as an investor wish every entrepreneur knew? Lee: Firstly, at the early stage, optimize for value add and not dilution. Secondly, be very self-critical and thoughtful about what constitutes “value add” for your start-up. And thirdly, think about where you want to be in 18 months, which is usually the amount of time funded

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market. I listen to many founders, and some think they want to challenge every single assumption in an industry, and I push back. Most successful founders were challenging one or two major assumptions in their industry. They’re creating a solution because they think there are one or two assumptions that just make no sense. They’ve asked why, why, w

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As a potential buyer of a business, don’t get wrapped up in financial jargon and overcomplicated questions

• Questions To Ask: What does this business do? Why do people buy this business and not the other business? How do you make money? How did this start? How did you get here?


• Lesson: “And so it’s just asking really simple questions, like why is the

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