Jumping into puddles
Seed and early stage venture investing somewhat is like jumping into puddles. It makes a lot of fun, but all to often the puddle is a lot deeper than you initially think.
But as an investor you have to keep on jumping, especially since sometimes the value of a company lies in its unexpected depth, despite all the problems that you all to often find yourself into right after jumping
And no, this post was not triggered by a most recent experience … just a general observation of jumping into puddles for a couple of years now.