One of the hardest and loneliest battles you’ll have to fight as you work to build the life you want is maintaining unwavering self belief that you will make it despite having *nothing* to show for it over a 2-3 year period before you see “overnight” success. You’ll feel like an imposter telling others what you’re building and who you believe you’l... See more
What Jerry is talking about is not adverse selection. It’s the second way of increasing convexity: funding the far-out-there-ideas, the Big If True ones. It’s one of the reasons I love the general venture zeitgeist around deep tech right now. If crazy bets like underwater energy storage, transformer-specialised chips, or tiny semi fabs succeed, the... See more
It also could not be a better time for a paradigm shift. AGI and likely soon after superintelligence will force us to rethink human role in society. In the new world, the value of the human brain is increasingly defined on how creative it can be. Cosmic optimism helps us navigate this transformation by emphasizing focus on the very human qualities ... See more
New @ThePeelPod episode
The Story of Haystack with @Semil
Semil is the Founder of Haystack, a venture capital firm backing outlier founders at the earliest stages. Semil started Haystack in 2013, and has since invested in 16 unicorns like DoorDash, Instacart, Figma, HashiCorp,… Show more
Average loss ratio. Some sectors are higher risk than others. For the past couple of decades, for example, social media has been particularly challenging, with Meta acquiring or suffocating insurgents. If the sector you operate in has a high loss ratio, you may want greater diversification.