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Startups and Macro Risk
Then, there are macro and tail risks.
notboring.co • Compounding Crazy
Alex Wittenberg added
Mo Shafieeha added
The macroeconomic risk that affects many or most firms cannot be diversified away. In the Markowitz world, this market risk is the only risk that you should consider, as an investor in a publicly traded company.
Aswath Damodaran • The Little Book of Valuation
Kaustubh Sule added
Jilber Najem and added
A scary thought for Series A investors: down rounds can happen even when a startup is performing well. Macro events can move the whole market downward at the most inopportune times, such as after the great recession of 2008.
Patrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
Companies face two main types of risk – market and execution – and if they’re lucky, a third: competition.
Packy McCormick • Snappr: Building API-First, Last
Lillian Sheng added
These being tail risks, there are countless definitionally unimaginable things that might happen. Perhaps the next global crisis won’t be such a boon for innovation. Unknown unknowns abound.
notboring.co • Compounding Crazy
Alex Wittenberg added
Tom White added