Juan Orbea

The lessons to take from Buffet’s career, letters, etc. is not what criteria do I use to analyze stuff to buy, rather, where to get the capital to buy that stuff with. Don’t blow yourself up.

The underlying mechanism for Zipf’s law is not yet agreed on but the main hypothesis is that it’s an outgrowth of the Principle of Least Effort. In short, systems that survive and operate at steady state optimize for efficiency. When they do, things tend to look like Zipf distributions.

The same can be said of markets. Understanding how big a market really is can be difficult. But the act of attempted futurism can have a clarifying effect on your perspective.

Wherefrom Moore’s Law

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.

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

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So, when making a decision about where you want to work, instead of asking: