Tom White

History shows some of the best opportunities come in bad times, not good ones.Though we’re not in the business of prediction here at Stonks, in the words of Lord Byron: “The best prophet of the future is the past.”Put simply, if public/crypto market turmoil persists, early-stage valuations may well drop ~30% or lower (i.e.below levels seen merely a... See more

  Readers crave lessons; aspiring diplomats can learn from them; old hands can quibble with them. Cooper calls them “maxims.” One is particularly powerful – and painful. It comes from Robert McNamara and his reflections on Vietnam written in 1995. It is a searing indictment as we ponder the calamity in Afghanistan. It sums up a lot of Cooper’s own... See more

Put simply, the Global Financial Crisis produced some of the best Venture Capital vintage years in modern history. A great deal of this value accrued to those GPs and LPs who deployed capital during the crisis’ nadir.

The truth that applies to many fields, which can frustrate some as much as it energizes others, is that the person who tells the most compelling story wins. Not who has the best idea, or the right answer. Just whoever tells a story that catches people’s attention and gets them to nod their heads.Harari recently said about writing Sapiens:I thought,... See more

Every company has to become a media company -- because every company needs to master the technologies of publishing to their customers, staff, neighbors, and to raise their media profile against their competitors.I realized that every company is now a media company. It doesn't matter if it makes network gear or diapers, every company needs to... See more

Local market conditions will undoubtedly continue to fluctuate. By targeting markets with sizable momentum at a given funding stage or within a particular vertical, both startups and their investors can gain a true edge.For example, TechCrunch recently analyzed African startup valuation trends and found more robust tailwinds out of Kenya than any... See more