Max Beauroyre

So if not for the structure, what caused venture’s shift towards such risk-averse investing? As fund sizes grew dramatically and a tech boom spurred a startup surge, the industry's emphasis shifted from discerning selection towards a more diversified 'spray and pray' approach, diluting the value of traditional tasteful investing. When the game of... See more

I find that I am the most anxious and uneasy when I am not honest with myself, when I am yearning for a certain (external) metric of success.

What is the opportunity cost? If I do this, if I go on this vacation, if I get this car, what am I turning down? By asking yourself this, and then consistently aiming to pick the thing that optimizes for what you most deeply value—it adds up. It makes life rich.

n early analysis of the vote showed that three-quarters of New York voters under the age of 30 supported Mamdani

At the heart of agency lies a willingness to question defaults. To be agentic, you have to treat “how things are supposed to be done” as just one option among many.

I’ve noticed that the dominating system of record data management companies are using integration SaaS as a primary driver to build an ecosystem moat.

The incentives of the press fuel the narrative of despair and doom. So do the incentives facing politicians, who don’t get gigs by telling you: “Things are mostly okay, but hey, there are some things we really need to work on.”

• Working with friends


• Small core team (<10 people)


• Remote-first


• Asynchronous communication


• Very few meetings


• No managers or PMs


• Transparent decision-making


• Profit-sharing among the team


• Annual liquidity windows for equity


• No institutional investors


• No required work hours; everyone is responsible for their own tasks


• Focus on creating high-quality products

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