More beauty and craft,

less factory line

More weird and rebellious,

less safe and derivative

More really hard inspired work,

less status games

More authentic expression of self,

less patagonia vest

I’ve always believed the best early-stage founders are artists – they're obsessive about new and unusual things, they feel compelled to bring creation into the world, and they are often misunderstood for long periods of time–even lifetimes. Building businesses is their art.

The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, u... See more

More beauty and craft,

less factory line

More weird and rebellious,

less safe and derivative

More really hard inspired work,

less status games

More authentic expression of self,

less patagonia vest

The venture ecosystem went from cottage industry outsider to institutional insider – from a nascent practice to a consensus component of institutional portfolios. The result has been the industrialization–and bankerization–of venture. Firms that make dozens or even hundreds of investments per year, relentlessly focused on assets under management, u... See more