I'm excited to share with you a classic Maboussin  report  that explores the 10 common attributes he has identified great investors share. I find it very funny that the report was published by Credit Suisse a few years ago 🤣. Whether you're new to investing or a Henry Kravis  protegé , these attributes can help guide your thinking

A self-confessed nerd with a Bachelor's degree in Astrophysics, Liv Boeree combined her science background and passion for games to become one of the most recognizable faces in professional poker. She was the #1 ranked female player from 2014-2016 and holds both European Poker Tour and World Series of Poker championship titles after winning more t

This  podcast  features the story of Constellation Software, a software conglomerate which owns more than 500 vertical market software businesses. It was founded by Mark Leonard (who amusingly started his career as a venture capitalist for 11 eleven years) in 1995 and has returned more than 100x to their shareholders since its IPO on the

Total Value to Paid-In Capital (TVPI)

TVPI is a measure of both the realized and unrealized value of a fund as a proportion of the total paid-in, or contributed, capital. It is calculated by (total value) / (paid-in capital) where total value is (distributions + net asset value). A TVPI over 1.00x means an investment’s value ha

Traditional Fund

Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.

That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.

Ro

General Partner (GP) 

A GP is a manager of a venture fund. They make decisions on how to invest the capital that LPs provide. 

Limited Partner (LP)

An LP is an investor into a venture fund. LPs provide the capital that fund managers invest, and typically have few required obligations outside of providing capital to the fund.&

Simple Agreement for Future Equity (SAFE)

A SAFE gives investors the rights to purchase stock in a future equity round, often with a specific cap and/or discount. No specific price per share is determined at the time of the initial investment.

They’re a simple and fast way to get early investments into a company. The SAFE was originally i

Some concepts to pay attention to:

• Deceptively Small Markets


• Larger Adjacent Markets


• Watching the Hobbyists


• Timing and Inflections


• Compounding and Patience


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If people stopped pursuing quaint things, we'd have far fewer big things that lead to a better future. Let's hope that never happens.