investor

“As an investor, you have, It's one percent or less of the work. It's 10 to 20% of the return, but it's zero percent of the control, you know?”

“You can create this optical impression. And if you're making the impression on a persona that is itself a distribution, like lightning rod, like investors or like very high social signal, like influencers, if they get the impression of just them narrowly, Thin…”

“It turns out that what it takes to be a great entrepreneur might qualify you to be a mediocre investor. When you're an entrepreneur, you focus on a single opportunity. You're highly emotional about it. You give it everything you can. When you're an investor, y…”

“It was a useful exercise for us to do, which was what are you irrationally drawn towards that? You should probably like dial it down discount, be able to apply a discount after the fact when you're out of heat and then what do you have an irrational distaste f…”

“It serves you well as an entrepreneur. To be very impatient, you take a bunch of action. As an investor, impatience and impulsiveness is a terrible trait.”

“Here's an article in the Financial Times called The Alpha of Ugliness, and it turns out that being ugly outperforms. They analyzed a bunch of investors, and the investors who were conventionally ugly outperformed by two percent, I think.”

“So I think everybody needs somebody in their career, usually in your early twenties, that believes in you more than you believe in yourself at the time. They just have an irrational belief. You're a penny stock. But they see you as a blue chip and they want to…”

“That inevitably, this is where the puck is going. And that inevitably, we are going to be the ones who take advantage, score when that puck gets there, right? So you kind of need to make two cases when you make a pitch.”

“I actually think the best investors are people you've, like, never heard of. Because, you know, they make a hundred million bucks, and then they're like, I'm out.”

“If you really want to pitch somebody, you want to play the long game, don't even make an ask. You know, just be like, man, I'm working on this really great project. It's fantastic. Then at the end of it, don't even ask for anything.”