Juan Orbea
@juanorbea
A node in a network
Juan Orbea
Kauffman Fellows • Venture Fund Portfolio Construction | Journal | Kauffman Fellows
Funds taking a more concentrated approach and investing in fewer companies most likely are assuming that one of their investments has an extremely large outcome while the rest either go to zero or whose exits are much more modest. This is called the power law dynamic and historically, this can be seen happening often in venture capital. Funds... See more
Kauffman Fellows • Venture Fund Portfolio Construction | Journal | Kauffman Fellows
Scanning from Inside
Ray Kurzweil • The Law of Accelerating Returns « the Kurzweil Library + collections
And all three teams are waaay too nationalist: they view things from the perspective of their own country, and ignore or exploit everyone else. Even when the teams are internationalist in theory, their specific ways of interpreting their values make them unpalatable outside of a small part of the world.
Vitalik Buterin • What do I think about network states?
- Fund Size: amount of capital committed to fund.
- Management Fee and Carry Percentages: Typically funds have a 2% yearly management fee over the 10-year life of the fund to cover all overhead expenses and a 20% carry.
Kauffman Fellows • Venture Fund Portfolio Construction | Journal | Kauffman Fellows
But I regard the freeing of the human mind from its severe physical limitations of scope and duration as the necessary next step in evolution. In making this statement, it is important to emphasize that terms like evolution, destiny, and spiritual quest are observations about the end result, not the basis for these predictions. The primary force... See more
Ray Kurzweil • The Law of Accelerating Returns « the Kurzweil Library + collections
If your experience consisted entirely of being privileged, pampered, and recurringly rewarded in the greatest period of wealth creation in human history, you'd be upbeat too. You'd defer to authority. You'd think that the universe is benign and human nature is fundamentally wonderful.
David Brooks • The Organization Kid
When it comes to business and careers, the more interesting people will succeed and capture more upside than ever before.
Because the uninteresting ones will get commoditized (hello 🤖).
And by interesting I mean being capable of analyzing, deciding, and executing in a way few others can.
Generating more unique ideas, understanding complex things
... See moreNone of this bodes well for many of the new VC entrants who have suddenly become enamored by the capital return potential of science. We have a view that real advances in science are relatively rare, that they are hard to produce, and they tend to be signaled by clear research evidence years if not decades in advance. Venture capital is not a fit... See more