I did a test combining Obamas speeches with other famous speeches from the 20st century (including everything from Mother Theresa, Malcom X to Mussolini and Hitler). This gives us an rather insane amalgam of human thought, seen through the “eyes” of a machine. A story for an other day.
Entrepreneurs like to do the math to figure out what it takes for a VC fund to pay out its LPs at the rates they’re seeking (the big conclusion is invariably: Wow, a couple of the VC investments have get HUGE for the whole thing to work). So it’s pretty well understood among startups that the kinds of returns LPs are looking for require that VCs invest in startups that can grow very big, fast. But LPs don’t just promise money and then wait for an annual report on how it’s all going. For smaller VCs, they may be in touch monthly. For bigger firms, quarterly. And they ask hard questions about individual investments. One VC puts it this way: “If you’re an entrepreneur, you should know that I’ll have to explain your business to somebody else when you’re not in the room.”