Canva's target market has always been the long-tail of less sophisticated creatives, often people without technical skills or advanced software. For that long-tail, the focus is on creating high quality designs with as little friction as possible. By bringing all of this creative surface area into the same platform they enable long-tail creators to... See more
Finally, another common approach is to back into the required fund value to guarantee a Net LP return multiple (i.e. net of fees and carry). For e.g. for a $100M fund to return 3x net to its LPs given the standard 2 and 20 model and $850K in total fund expenses, the total net return for the fund would have to be $370M after taking into account the... See more
Sadly, we know that many young Americans today do not have the opportunity to reach their potential. Difficult early-childhood experiences and poor instruction in elementary and middle school cause many students to arrive at high school desperately behind in basic skills. I worry that giving underprepared students a report about their aptitudes and... See more
An individual can save (way) more than one life by directing some amount of money to the most effective charities and NGOs (which can be 100s and even 1000s times more effective in having a positive impact than the median charity). There are also other avenues for having such a high impact, such as directing your career to tackle the world's... See more
Most people like to think of themselves as good people. Most people in first world countries have the opportunity to have a tremendous impact on other people's lives. If you earn more than $35k per year, you are in the top 1% of earners worldwide. This puts you in a great position to do good.
We have ways to set up our lives for success when it comes to desires. So desires are path dependent, and one desire can bring us, if we follow that desire, will bring us to a place where we’re in a different position than we were when we started.
These values are implemented in a very libertarian and tech-forward way, organizing not around land, history, ethnicity and country, but around the cloud and personal choice, but they are rightist values nonetheless.
Required Return Fund Capital to Targeted Net Return: Going off the example above, if a fund is targeting a 3x net return, meaning they wish to pay to their investors $3 for every $1 invested, the required fund return to hit 3x is actually higher than $300M given fees and carry. It is important to understand the total required return... See more