Juan Orbea

And reset they must. When you look at how much median valuations were driven up in the past 5 years alone it’s bananas. Median valuations for early-stage companies tripled from around $20m pre-money valuations to $60m with plenty of deals being prices above $100m.

Are the people in this city like me? Each city has a vibe that may or may not fit with you. Each city calls ambitious people to improve in some area. NYC calls you to earn more money. Seattle and Portland call you to recreate more. DC calls you to be more connected. SF calls you to create more, invent more. It’s the garage where the crazy uncle is... See more

But I thought a better way of thinking about how we manage our portfolios is to think about it as a funnel. If we do 36–40 deals in a Seed Fund, somewhere between 25–40% would likely see big up-rounds within the first 12–24 months. This translates to about 12–15 investments.

High-temperature gas reactors (HTGRs): In HTGRs, gasses (typically helium) act as the coolant that is fed directly into the turbine to produce energy. Helium is an inert gas, so it generally won’t chemically react with any material, and exposing helium to neutron radiation won’t make it radioactive. Helium can therefore be heated to higher... See more

Complicated – Complicated systems require expertise in their management, but as long as the proper expertise is available and used, the attractiveness of complicated systems is that they generally can be successfully managed.