Average Initial Check Size: The average amount that will be invested in the first round of fundraising (assuming that more will be invested in the top-performing companies if there is allocation to follow-on investments).
The first? Selling things online. Bezos was a trader with some exposure to internet companies, but this wasn't a years-long journey of discovery and understanding. This was a dude who read a stat on some random website, and thought "there's something here." Early on, most of that skepticism came from an inability for a startup to compete with large... See more
This book describes these overexcitabilities, as well as strategies for dealing with children and adults who experience them. It also provides essential information on Dabrowski’s Theory of Positive Disintegration.
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
Many investors saw the "death blow" to Amazon coming when the big established retailers started selling online. So while Amazon was born out of an initial appreciation for the growth of the internet, they stayed on top with execution. The ability to execute in an internet-native model vs. the transition big-box retailers were trying (and failing) t... See more