VCs are facing the "Big Budget Effect" that is plaguing Hollywood studios right now. In the year 2000 you had just three movies that had made $1B+. Titanic, Jurassic Park, and Star Wars Episode I. Today you have 45+ movies that have made over $1B, and some of them have made $2B+ like Avengers and Avatar.
For early-stage investing, I believe that the small flat partnership is the best structure if the goal is to produce high return on capital funds. Here are some reasons why this model is superior for early-stage investing:- At the early stage, investors must bet on teams and ideas that have not been proven. The biggest winners almost always come... See more
A topic I am keen to write about is Thomas Kuhn’s The Structure of Scientific Revolutions, and what it might teach us about scientific groupthink and pandemic management, 2020—. So I will save most of this for then, but there is an interesting relationship between groupthink and In-group Cheems.