Investment is broadly defined in this article, not just financial. Point #1: don’t use Expected Value. The framework Jason Cohen provides in this post looks valuable to me. ~ learn more
Stratechery: “Amazon’s owning the end to end supply chain makes it harder for merchants to ditch Amazon. Because the alternative logistics network form China are more expensive and more prone to failures. Investment years ago creates value and loyalty today.” | learn […]
The marketplace recorded $3.4 billion in transaction volume this August, up 10x from the month before. | learn more
Thiel lays out his 2×2 matrix: pessimist vs optimist, determinate vs indeterminate. It starts out a little obscure, but once he fills in examples it really drives his point home. I found his description of the circular investment flows in […]
“As long as both sides of the bubble have a lag between when the decision to spend is made and when the results are realized, they can leapfrog each other,” creating a virtuous cycle of innovation. | learn more
“Like the knight’s sword, the firefighter’s hose, and the lumberjack’s ax, venture capitalists courageously wield the memo.” So great to see some of their internal memos! I started with Shopify and LifeLock. | learn more
In July 2015, Musical.ly (the predecessor app to Tik Tok) was rising through the app store rankings. “They were beating all of the heavyweights: FB Messenger, Instagram, Pinterest, Netflix, Snapchat, Spotify. When something like this happens, this is our Super […]
The video sharing site was just 6 months old at the time. How fun to get this inside look 15 years later! Sequoia VC Roelof Botha had to disclose this during YouTube’s lawsuit with Viacom. | learn more
Sequoia realized, shortly after writing the check, that they have a conflict of interests. They decided to cut all ties and walk away, leaving the money as a parting gift. | learn more
The best-funded online retailer that aimed to cut out brand premiums and sell everything direct-to-consumer has shut down. They had raised $290 million, mostly from SoftBank, but couldn’t get the economics of the business to work. Some of the investment […]