Summary
SamNav editorialMost of the time, we worry far too much about tail risk.
Most of the time, we worry far too much about tail risk.
Within range by shared topic and coordinate - not by an algorithm.
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....
When I invest (outside of YC) I make offers with the following term sheet. I’ve tried to make the terms reflect what I wanted when I was a founder. A few people have asked me if I’d share it, so here it is. I think it’s pretty founder-friendly....
“I’m an ambitious 19 year old, what should I do?” I get asked this question fairly often, and I now have a lot of data on what works, so I thought I’d share my response....