I would love to have a proper staff, but the reality is that it’s taken me this long just to get the newsletter to a point where it’s feasible to financially support just me, and only at a very moderate level. Until quite recently, my salary at XLR8R, when I left in 2015, was actually higher than my annual income from First Floor. I’ve finally... See more
Second, there are early cohorts of founders who will aim to find vibe-alignment with their capital. This is the bull case for more opinionated or smaller firms at the early-stage. I’m talking my own book here, but as the mission actually starts to matter again (not in the “wink-wink” sense), if a core value-add of VCs has been “brand halos”, then... See more
Today, of the labor market, it’s said that AI won’t take your job, someone who’s good with AI will take your job. But that feels only partially true, and only for the next few years. Those of us who’ve got our 10,000 hours, and have graduated to be delegating and being paid to think are likely to be OK.