GAAP for Startups By editor on February 20, 2018 — 1 min read You may have heard this term, but when you’re a public company there’s something called GAAP financials? Generally Acceptable Accounting Principles, and that’s how you report numbers. Profit, loss, revenue… you know, all of this stuff. So there’s a set of rules that the industry uses to make sure that you can compare apples to... More
Expectations Analysis By editor on January 28, 2018 — 1 min read The second outcome, was we looked back internally and every quarter we do this thing called an expectations analysis. We ask everyone at the firm to give a low, medium, and high expectation for every single company we’ve invested in. What’s interesting about that exercise is that you’re talking about a very diverse, eclectic, group... More
One Pager By editor on January 28, 2018 — 1 min read Whenever we look at an investment now, we will not move forward in deep diligence until we have a one pager. It can literally only be a page. If you’ve ever tried to write a one pager on something complex, it’s really hard to capture saliently the few things that matter. At the top, we... More
