The Wisdom Wall
3 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“I guess, by the way, those apps had inherent virality, as you know. I mean, you're kind of the expert of that. This doesn't. This has no virality to it.”
“One of my biggest lessons looking at private market investors versus public market investors is the appetite for institutions in the public market for assets that are perceived to have significant downside, i.e., like, 70 or 80% that are marked to market, I have found is just really low.”
“So our advice being to entrepreneurs that if you are growing over 25%, you are profitable. Time to think about whether you should be public. But that doesn't necessarily mean going public. As you well know, there's a difference between being IPO ready and going IPO. But we think certainly putting all the steps into…”