sometimes founders get to ignore data and make a gut instinct product call. it goes against everything people say, but can be great.
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being optimistic is necessary but not sufficient to be a good investor. venture investors that think the future is gonna suck do badly.
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startups make me optimistic about the future. justin bieber's deposition makes me pessimistic.
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observation: most giant companies are either very high-margin or very low-margin. middle margin seems tough.
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crowdfunding is still incredibly underrated. amazing how well it works for so many different things. could be a huge new category.
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when ref checking board members, ask how they behave in a crisis. if they add stress/angst, keep looking. you want stability and support
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the twice-yearly inbox zero feels great for 30 seconds, but then i keep hitting refresh wondering what i'm supposed to do now.
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@naval lots more too--tax treatment and being unable to afford exercise/tax hit are not fair
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employees get fairly screwed by the mechanics of stock compensation. going to see if i can find a way to fix this.
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