“What industries are you interested in?” This question has come up in almost every conversation I’ve ever had with a venture capitalist. An alternative version often asked is what trends I’m particularly excited about for the next ten years. If you watch interviews with VCs, the journalist or student will almost always ask a variant of these questions. It’s hardly surprising: it’s exciting and interesting to talk about the hot sector of the day and imagine its promise whether it’s crypto, edtech, or healthcare. VCs are expected to have theses about the future: the impetus behind their investment decisions.
A major problem with this Founder-Investor model, is that investors are inherent diversifiers, whilst founders are inherently putting maximum risk on themselves. Conventionalism or Secondary Investor v Barbell Strategy and Primary Stakeholder. Blackjack with Card Counting (quant) vs Pro Poker and Independent Games (quality). https://twitter.com/vgr/status/1277262959828283392
Ideas to consider would be to pair Lindy Effect against Black Swan Events, or witnessing how fast things and antiquated things end differently, and how others take their place. Practically everyone from Samo Burja to Ray Dalio is trying to bet on who will win, whilst those like Peter Turchin and Rensselaer Polytechnic is taking averages and thinking about when things will change.
A major problem with this Founder-Investor model, is that investors are inherent diversifiers, whilst founders are inherently putting maximum risk on themselves. Conventionalism or Secondary Investor v Barbell Strategy and Primary Stakeholder. Blackjack with Card Counting (quant) vs Pro Poker and Independent Games (quality). https://twitter.com/vgr/status/1277262959828283392
Ideas to consider would be to pair Lindy Effect against Black Swan Events, or witnessing how fast things and antiquated things end differently, and how others take their place. Practically everyone from Samo Burja to Ray Dalio is trying to bet on who will win, whilst those like Peter Turchin and Rensselaer Polytechnic is taking averages and thinking about when things will change.