Slow Compounding By editor on January 28, 2018 — 2 mins read Jeff Bezos realized slow compounding. My little theory about company value creation: The faster you build it, that is the half-life, it will get destroyed in the same amount of time. So when you think of a lot of social businesses, that’s played out. Does it take 8–10 years to build a really great consumer... More
Faith and Struggle By editor on January 28, 2018 — 1 min read We made fundamental mistakes in the execution of [Better]. It is a business that people love, and want. Unfortunately, we could not get it funded. We poured $10 million into this thing. We signed deals with all these payers, we had thousands of subs, but it’s crickets chirping when we were raising capital. We were... More
Re-Investing By editor on January 28, 2018 — 1 min read It’s way better to be long-term greedy than short-term greedy. When you’re sitting on top of a venture firm and you can take the bulk of the economics, the ability to not do so, and rather instead invest your capital, is being long-term greedy. It’s about rewarding and honoring the platform that allowed you to... More
