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Issue 403 – 11/25/2020

This week’s highlights: The Halfway Point, Sober Thinking About Venture Capital, A Strange Pillar in the Desert


From a Walk Out the Door

Issue 403

by David Wells – Nashville TN

Happy Wednesday –

As is customary, we always distribute an abbreviated edition the week of Thanksgiving.  Best wishes for your week and weekend ahead.

Original Content This Week –

Best,
 
David

 

 


Food for Thought

  • TBP – The Halfway Point  “From the March 2020 lockdown to a June 2021 re-opening is a 16-month span. The halfway mark? It’s today.  What would you want the results of that soft incarceration to be? “
  • NYMag – Children of Quarantine  What does a year of isolation and anxiety do to a developing brain? 
  • GQ – George Clooney When We Need Him Most  The actor, director, and GQ Icon of the Year is the one thing we can all agree on—at a time when we can’t agree on anything.
  • WashPo – Why my guitar gently weeps  The slow, secret death of the six-string electric. And why you should care.

Business

I have been doing a lot of thinking recently about the Venture Capital space as a number of thought provoking articles continue to appear.  I don’t have any firm conclusions, yet, but I thought it worthwhile to highlight a few articles.  The New Yorker piece is new this week and speaks to a whole bunch of internal / systemic issues in the industry.

Summary Thoughts:

  • To be successful, you need to be in a lot of deals – but most investors are not
  • In some stages, indexing beats active management
  • Founder quality as a predictive mechanism for success may not mean anything

Key Question:  Is this truly an emperor has no clothes scenario?  I.e. are successful VC funds just lucky people who selected lucky founders – with both parties acting like there is real skill?  How do investors respond then? 


Culture / Tech / Science


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If you are interested in learning more, visit here and download a free chapter.

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