Abject poverty (living with less than $1.9/day) was cut by 50% from 2000-2012, lifting +1B people above this threshold. This is the biggest economic miracle in the history of humankind.

Not to mention people's capacity to study more as an attempt to improve how "smart" they were was virtually futile.

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

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A surprising number of projects are one small change away from succeeding. With your organizational privilege, relationships you’ve built across the company, and ability to see around corners derived from your experience, you can often shift a project outcomes by investing the smallest ounce of effort, and this is some of the most valuable work you... See more

What is common about all of these examples is the value of having a physical region, at least of a few hectares, where the network state's unique rules are enforced. Sure, you could individually insist on only eating at healthy restaurants, and research each restaurant carefully before you go there. But it's just so much easier to have a defined pl... See more

In April 2022, Canva reported 85 million monthly active users across 190 countries, having added 25 million users in ~7 months. Around that same time Canva had 5 million Pro customers. 85% of the world’s 500 largest companies are using Canva (though many could be on free accounts). More than 500,000 teams are paying for the product. Notable enterpr... See more

He has been angel investing on the side for the last couple of years, being one of the angel investors in Coinbase, from which he obtained a 6000x return. He has been vocal about his bearishness on the crypto ecosystem for the last couple of years, whilst the majority of people have been bullish.

Fund Structure

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

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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