Feld Thoughts

AUGUST 25, 2015

The key reason for the explosion in capital flowing into the industry, and therefore the large increase in practitioners, had nothing to do with 1970’s performance, early stage investing, or technology. Instead, the driver was the 1983 bull market. Was this a function of “too much money chasing too few deals” as many pundits claimed?

Venture Capital 70

Venture Capital SBIC Technical Review Silicon Valley 70

Both Sides of the Table

MAY 24, 2021

Silicon Valley and the media industry that surrounds it values youth. It has historically been the case that VCs would rather fund the promise of 100x in a company with almost no revenue than the reality of a company growing at 50% but doing $20+ million in sales. It literally drove FOMO.

Venture Capital 363

Venture Capital LP Valuation Later Stage 363

paulgraham.com

SEPTEMBER 23, 2012

To grow rapidly, you need to make something you can sell to a big market. The catch is that this is a (fairly) efficient market. A startup has to make something it can deliver to a large market, and ideas of that type are so valuable that all the obvious ones are already taken. Google was different from the beginning.

Startup 111

Startup Technical Review Software Review Acquisition 111

Reid Hoffman

JANUARY 25, 2022

” I’ve always viewed government as the necessary platform for creating and maintaining the conditions for productive markets and entrepreneurship. In a third, he suggests offering a capital gains tax credit to institutions that invest in nontraditional, Black- and Brown-run firms or those led by women.

Technical Review 28

Technical Review America Government Global 28