How power works
91% of “Great Funds” returns come from 14% of their investments. This is the Power Law in venture
one of the most interesting pieces of information we found through our analysis is that Great Funds know how to concentrate capital exceptionally well.
Great Funds invested 38.7% of their capital in 23.1% of their investments, which generated over 5X+. 23.9% of that capital went into their 10X+ investments.
Good Funds on the other hand invested 18.... See more
Great Funds invested 38.7% of their capital in 23.1% of their investments, which generated over 5X+. 23.9% of that capital went into their 10X+ investments.
Good Funds on the other hand invested 18.... See more
Jason Shuman • Big Winners and Bold Concentration: Unveiling the Secret Portfolio Returns of Leading Venture Funds
Knowing where to double down is critical to outsized success
A while ago I got interested in being more agentic.
Emmett Shear tweeted that it was teachable. He would train people by prompting them with certain questions.
I gathered those questions and put them into a flow chart that I go through to problem-solve:
https://t.co/kM0MID8bT5... See more
A decent if very explicit flow chart on how to be more high agency
Even if you don’t work in corporate, it helps to understand how people advance to the top
Seven Surprises for New CEOs
hbr.org
Really good HBR article about tough lessons for new CEOs of bigger companies (2004 but still very relevant)
But I was learning that succeeding at a research institution like Penn required skills that had little to do with science. You needed the ability to sell yourself and your work. You needed to attract funding. You needed the kind of interpersonal savvy that got you invited to speak at conferences and made people eager to mentor and support you. You ... See more
The Weird Nerd comes with trade-offs
A quote from (Katalin Karikó, the co-inventor of the mRNA technology used in COVID-19 vaccines and 2023 Nobel Prize winner.)
Getting the last laugh (black bird watcher)
To be effective, we must act decisively on decisions we disagree with. This may seem obvious, but it remains one of the most challenging tasks.
Cedric Chin • Decisiveness is Just as Important as Deliberation
It is often better to be aligned in any direction than not at all
Ideas related to this collection