The Three-Body Problem: Finding the New Stable Points in Venture Capital
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The Three-Body Problem: Finding the New Stable Points in Venture Capital
Security Error | Columbia Business School
www8.gsb.columbia.eduVenture can be a pattern recognition job, but having rules that are too firm can also result in catastrophic errors
Tim Ferriss • Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More (#651) - The Blog of Author Tim Ferriss
Risks to the trend
- LPs too slow to react, VCs lack incentives to admit limitations in current processes
- Poor quant performance
- Downturn in private markets
Katelyn Donnelly • Quant comes to Venture Capital
As the cost of forming startups decreases and capital availability increases we see a proliferation of options for consumers in any given category. This market supply fragmentation provides users with more options–and shifts leverage in the market towards demand.