Venture Investor’s Playbook: Part 3

Identifying and Capitalizing on Macro Market Trends

Chip Hazard; General Partner, Flybridge

Identify a massive market shift early, develop a nuanced point of view on the implications, and then go deep behind investments that align with this perspective.

For Flybridge, this led to our investments in MongoDB, Firebase, Crashlytics, Apiary, Stormpath, Stackdriver and other companies that collectively generated almost 20x returns for us. In hindsight, our mistake was not riding the wave harder than we did. One additional lesson is that when you feel like the thesis is working, lean in hard behind the trend to maximize your returns. (For a painful example of what happens when you ignore this advice, see my previous post on learning from your mistakes.)

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