The incentive structure of venture has fundamentally changed. When a fund is $5 billion, you need outcomes that are $50 billion or $100 billion to matter. That changes what you invest in, how you support it, and what you push founders toward.
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Acknowledge that you, yourself, are often the greatest impediment to your own success. It is sobering to realize that the acquisition of knowledge does not guarantee wisdom in its application — most investors know what they should do, but systematically fail to do it because of psychological forces they neither recognize nor control.
Howard Marks — The Most Important Thing: Uncommon Sense for the Thoughtful Investor
He then spent five years leading La Mer, Capri said, 'where he more than doubled the brand's size, expanded and diversified its product portfolio and strengthened its position as a global leader in luxury skincare.'
Polina Pompliano
the company expects to end the year at about $400 million in GAAP revenue, up 150% – without commensurate spend (head count growth of just 30%).
Alex Konrad