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By definition, you will likely succeed a vanishingly-small percentage of the time, but—as the saying goes—that’s a feature, not a bug. The point is to venture—fistfuls of money in hand—at the furthest extremes of capitalism, hoping to stumble upon that rare, proper intersection of technology and commerciality.By design, most investments will miss t... See more
Tom White • This Time is Different
Sometimes the prize feels closer, other times farther away. Still other times it feels like we are drowning in aimlessness and exasperation. An identity crisis looms for any high achiever flirting with failure, and a calculation begins on the conflicting forces of sunk costs and lost time on the one hand, and reputational harm on the other. As entr... See more
Venture Capitalists at Work: How VCs Identify and Build Billion-Dollar Successes
Tarang Shah, Tarang Shah, Sheetal Shah
amazon.com
C. Failing is OK: It usually takes overconfidence to stay the course through adversity, but a humble mind to evolve and iterate. While it became clear to me that I had overestimated my risk-tolerance for working in an early-stage start-up, I also began to realize from having personally invested in start-ups that I much preferred being the investor ... See more
Ganesh Ramakrishnan • Confessions of an Investment Banker Turned VC | MHV | Monk's Hill Ventures
“In the VC business model,” the founder of Floodgate VC firm Mike Maples tells us, “you have to think of risk not as chance of failure, but as a chance of an upside success.”
Ilya Strebulaev • The Venture Mindset: How to Make Smarter Bets and Achieve Extraordinary Growth
surprisingly few companies have the strength to just sit it out