Abie Cohen
@abejcohen
Abie Cohen
- 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.
Fund II
- Sobriety source #2: AI as the next platform shift. Every wave of new companies that transforms their respective industries is fueled by a major platform or technology shift. The advent of the web did this. The smartphone and mobile applications did this. And there is no doubt that AI is our next wave. But does every new wave always necessarily favo... See more
from The Great Sobriety for Venture Investing, Where To Start with AI, & Undeniable Data
Scott Belsky and venture capital
AI notes - That horizon is massive and inevitable. We can take lessons from the evolution of social media to will a new multiplayer future of shopping into existence and change for the floundering paradigm forever.
from The Internet Rhymes: Lessons from the Evolution of Social Media by Sam Blumenthal
Chptr
- “The most powerful person in the world is the storyteller. The storyteller sets the vision, values and agenda of an entire generation that is to come.”
— Steve Jobsfrom Brain Food: Happy Accidents
- Scrolling through Twitter led to more scrolling and then a feeling of emptiness and guilt for wasting time when I finally managed to leave the app — scrolling through Sublime more often than not led me to putting away my phone, getting a breath of fresh air, and getting to work on that passion project I’d put aside years ago.
Better for you internet
- Data Provocation: Hospitals are broken and ripe for technological disruption. I have been following General Catalyst’s bold moves lately, including helping found several healthcare companies and most recently acquiring an entire healthcare system in the United States. My hope is that this leads to a vertically integrated re-imagination of healthca
... See morefrom The Rise of Open-Sourced R&D, How Communal Resourcefulness Will Protect Us, & Wild Data Provocations by Scott Belsky
Broken healthcare system
- Simply put, success breeds confidence. The longer this success lasts, the more a leader’s confidence grows.
The tricky part is that this increase in confidence is initially a positive because it is what enables a leader to take risks, expand, and grow. However, if success is sustained for long enough, an increase in confidence can morph from an adva... See more - “Don’t aim at success—the more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue, and it only does so as the unintended side-effect of one’s dedication…In the long run—in the long run, I say!—success will follow you precisely because you had forgotten to think about ... See more
on success
- The most contrarian bet in venture capital right now is Thrive’s investment in OpenAI at an $80B valuation.
Before you bring your pitchforks against me or wonder if I’ve gone crazy, let me explain.
You can be contrarian in two ways:1- Having a different POV than the mainstream
- Having 100% conviction in the mainstream POV and doubling down on it in a way
from The Most Contrarian Bet in Venture Capital by Pratyush Buddiga