Reading Super Pumped, the Uber book. I’ve heard this story many times but it’s still amazing: https://t.co/g1B5xwcsKB
Reading Super Pumped, the Uber book. I’ve heard this story many times but it’s still amazing: https://t.co/g1B5xwcsKB
From the moment he had started on the project and begun to observe Sam from afar, Ian had found the same thought often crossing his mind: how shockingly just like he’d been in high school Sam still was. When the oddball in your high school class became one of the richest people in the world, you sort of assumed the oddball must have changed. Sam ha
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
He had seen firsthand how technology, patience, and long-term thinking could pay off.
Brad Stone • The Everything Store: Jeff Bezos and the Age of Amazon
Or take venture capital. It barely existed 25 years ago.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
the power of imagination and optimism is an amazing and essential part of innovation. But over the years, we’ve become so enamored with the unicorn valuation as the goal, that we started valuing the wrong things and overlooking the fundamental physics of business.
With capital at zero cost, growth at all costs became the mantra. How fast can you gr... See more
With capital at zero cost, growth at all costs became the mantra. How fast can you gr... See more
Where does VC go from here?
In the Silicon Valley where I’m from, the stories were almost never about money. They were tales about resistance, heroism, and struggle, yarns about the creation of something out of nothing—and the derring-do required to pull such a feat off.
Adam Fisher • Valley of Genius: The Uncensored History of Silicon Valley (As Told by the Hackers, Founders, and Freaks Who Made It Boom)
“That’s a post-money valuation of one hundred fifty to one hundred seventy-five million, depending on how much we raise.” I was worried that this price was unrealistic, and that the offering might not fly when it hit the street. “I just can’t see how our business plan supports that valuation,” I said. “It’s enough to make a sane investor toss his c
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