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"All of humanity's problems stem from man's inability to sit quietly in a room alone," wrote the French philosopher Blaise Pascal.

María Hjálmtýsdóttir, activist and teacher, tells us: “The shorter working week has been a great success in Iceland and has changed my family’s life. For 90% of Icelanders, the 36-hour week means less stress, more job satisfaction and more time to enjoy life.”

But it’s simple: some feedback is good, some feedback is bad. And too much feedback is detrimental—especially to a Creative. At a certain point, you have to choose. If you try to take into account every person’s opinion, you’ll end up with something ‘nice’—not great.

Some may heavily weight the ability to co-invest or join on SPVs. Certain funds will sell their fund-of-funds product as subservient to their co-investment strategy.

Ours is a livelihood dependent on successfully being able to predict the future. And in a world so dominated by fat tails, randomness and optionality, this is a very hard thing to do.

A GP fundamentally needs to do eight things:

• Source companies to invest in.


• Pick companies which outperform.


• Win access to those companies.


• Value a company well and enter at an appropriate valuation


• Construct a portfolio of these companies sized to maximise LP reward and minimise LP risk.


• King-make their portfolio companies.


• Raise capital for subse

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