Jay Matthews
@jaymatthews
Aspiring corporate anthropologist, investment ecologist, & data psycho-analyst; Workaholic in remission
Jay Matthews
@jaymatthews
innovation and
This may be an inverse-U-shaped curve. As you can imagine, very early on, it's a picker's game, meaning, for example, with Pioneer, extremely early. We can pick whoever we want. Very late stage in the cap table, it's also a picker's game. I mean, obviously the company's public for the most part. Hedge funds are in the game of picking, not in the
... See moreBut part of the issue is, though, that anytime you quantify anything the world, you are taking high-level dimensional space and you're reducing it to a lower-level dimension. And you're going to lose data.