Mario
@stoev
Mario
“all alpha in vc is basically a derivative of having a variant view on TAM”
- “Until we know we are wrong, being wrong feels exactly like being right.”
from Respect Each Others' Delusions by Morgan Housel
- Altman increasingly argued that “AI could lead to resource abundance,” meaning it could eliminate massive numbers of jobs and concentrate resources in the hands of a few, said Matt Krisiloff, a friend and former colleague of Altman’s who spearheaded the universal income project and now heads a fertility start-up that Altman invested in. “He has a b... See more
from Article
VC business model isn't to build a traditional profitable business that beats the competition by providing a superior product/service for a competitive price. It is to dominate the competition by subsidizing the real cost to consumers, until you have taken over the market and can raise the price and lower the quality of the product/service.
- In order to be credible, you must be authentic and true.
from Brunello Cucinelli by om.co
To be credible, you must be consistent in the way you behave. Someone can say to you, “Listen, two years ago, you said something different.” In a split second, they know. That’s where lies that wonderful future for mankind.
- Unicorn founders did not go to business school, nor did they work at McKinsey. Instead, they were less career-oriented global citizens who typically worked in a startup before they became founders.
On average, they had 10 years of work experience prior to founding, mostly within product & engineering, and they almost always lived, worked or stud... See morefrom Feed Updates
- Creating the supply of an otherwise scarce resource will make you very rich. If you control the supply of something scarce, you control the economics associated with the resource, and can create monopolies of many kinds.
from 21st Century Alchemy | Entrepreneur First by Alex Crompton
“A little learning is a dangerous thing”
People who know only a little do not understand how little they know and are therefore prone to error.
This quote is from a poem by Alexander Pope.