Jain: Silent memo reading prevents senior partners from dominating investment decisions
Tushar Jain · Kyle Samani and Tushar Jain - Multicoin Capital (Manager Meetings, EP.20) · Nov 18, 2021 · at 25:26
Tushar Jain of Multicoin Capital describes their internal decision-making process and why they structure investment committee meetings around silent memo reading.
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“A lot of our meetings, especially like investment committee meetings, start silently, where everyone is reading memos and commenting back and forth in those memos to each other. We find that that works a lot better than having spoken meetings, because the problem with spoken meetings, to be Quite honest, is the people in power positions like Kyle or myself can just keep talking and dominate the conversation. Also, only one person can talk at a time, which is pretty inefficient, versus in writing, it reinforces a flat structure and idea meritocracy where anyone can say anything, everyone can talk at the same time, you can't crowd people out by just being louder or being in the power position.”
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