oh, chicago

An ode to Techstars Chicago.

“The story of Techstars Chicago starts with an organization called Excelerate Labs. Created in 2009, the program was led by a group of local founders and investors, and was designed to connect existing successful founders and operators with new companies […]

tech, startups, internet

The non-obvious emerging LP playbook.

This resonated with me: “Effectively, this blogpost is dedicated to the investor looking to invest in fund managers who have yet to prove their institutional track record. And just like investing into a pre-seed founder, searching for product-market fit, the […]

retail therapy

The pitfalls of churn rate.

In 2018, as Spotify prepared to go public, this author noted “Spotify is making a common and dangerous mistake in their LTV calculation.” He uses this to make the point that, “Investors and entrepreneurs should shift their attention towards a […]

profiles of people

David Swensen, of the Yale Endowment.

“In his three-decade career, he grew the university’s endowment from $1 billion in 1985 to $31 billion in 2020. The results speak for themselves as he is largely considered to be one of the greatest investors of our time.” | learn more

retail therapy

A warning to angel investors.

From investor Phil Nadel. “Why am I telling you this? Because I am concerned. Concerned about the current startup investing environment, concerned about the lack of due diligence, concerned about the impact of FOMO (fear of missing out) overcoming investors’ […]

retail therapy

Retail price hikes & framing.

The headline is “America’s biggest companies can’t stop bragging to investors about how they’re charging you more” and I saw the link because of a politician’s tweet. The framing makes a few not-to-subtle implications about what “should” happen—retailers should absorb […]

tech, startups, internet

The false narrative around Theranos.

Elad Gil defends Silicon Valley tech startups, making the case that Theranos is not representative of them. “Theranos raised no real mainstream venture capital. None of the mainstream tech or biotech funders invested in Theranos.” | learn more

fun facts

Tyler Cowen is the best curator of talent in the world.

He runs a little-known grant program called Emergent Ventures. In just one field: “Tyler has identified talent either earlier than or missed by top undergraduate programs, the best biotech startups, and the best biotech investors, all without any insider knowledge […]