Letter to a Friend Who May Start a New Investment Platform - Graham Duncan Blog

But life is not a portfolio: not for a startup founder, and not for any individual. An entrepreneur cannot “diversify” herself: you cannot run dozens of companies at the same time and then hope that one of them works out well. Less obvious but just as important, an individual cannot diversify his own life by keeping dozens of equally possible caree

If my goal was to pitch a specific idea, then why would I waste a backer’s time with such a macro perspective? But as I interviewed backable people from all walks of life—inside big companies and small—I realized how every one of them took on the role of an “armchair anthropologist” and first showed investors where the world was headed.