Summary
SamNav editorialThere is a long and sordid history of people coming out of the woodwork with bogus claims when huge amounts of money are on the line. This has just happened to Cruise, which is run by my friend Kyle Vogt....
There is a long and sordid history of people coming out of the woodwork with bogus claims when huge amounts of money are on the line. This has just happened to Cruise, which is run by my friend Kyle Vogt....
There is a long and sordid history of people coming out of the woodwork with bogus claims when huge amounts of money are on the line. This has just happened to Cruise, which is run by my friend Kyle Vogt....
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Everyone claims that they understand the power law in angel investing, but very few people practice it. I think this is because it’s hard to conceptualize the difference between a 3x and a 300x (or 3000x) return....
I started seed investing in 2010 (and much more actively in 2012) before becoming a full-time YC partner. In this period, I invested in about 40 companies....
Over the last five years, there has been an incredible shift in leverage from investors to founders. It’s good in most ways, but bad in an important few. Founders’ desire for control is good in moderation but hurts companies when it gets taken to extremes....