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Thread on John Armitage, founder of Everton Capital (1/n): 30% hurdle rate https://t.co/N1MEgtO4eF

How Warren Buffett earns 50% on small sums: Bayuk Cigars In 1982, Buffett bought 6% of Bayuk for his private account. His $572,907 investment produced a 50% IRR with "virtually no risk." Here's the story… https://t.co/wOYHxYkh04

One of the most legendary shareholder letters there ever was. Lahde Capital, 2008. If you read anything today, make it this. https://t.co/chImhj88Be

I loved this concept of evaluating your own potential cause of death as a venture firm. Over the last few years the number of venture firms has grown from ~900 to nearly 2,000 different firms managing $500B+ of capital. In a market correction some people predict as many as 50% of those firms could fail. One prediction I have is that as venture fund... See more