Sublime

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Show Notes:

( 00:00 ) - Intro

( 00:40 ) - Anand's Background

( 04:01 ) - "Sawdust Data" businesses

( 08:17 ) - Tiny but growing niches

( 12:38 ) - Daily executive briefing email

( 17:32 ) - Pricing data business

( 24:06 ) - Broke & Busted College Rankings

( 30:33 ) - McCormick Spice Competitor

( 41:59 ) - How To Manage And Sel

Almost every fund’s returns are dwarfed by those of the Medallion Fund, which exists within Renaissance and is open almost exclusively to its employees. It averaged a greater than 70% annual return (before fees) for more than twenty years starting in the mid-1990s. After generating lifetime profits of more than $55 billion,

However, investing in a higher number of billion-dollar companies does not necessarily mean a greater success level for a VC firm, as measured by return of the fund. Some firms may have larger fund sizes and hence invest in more companies. Some don’t lead deals and are not ownership sensitive. Analyzing what percentage of a firm’s bets that became