Venture Capital

The White Knight in Title Lending

Title Lending, like its cousin payday lending has historically been maligned both by a subset of the…

Collaboration as a Service

There is an unmistakable shift happening related to the idea of the workplace. Certainly throughout the tech ecosystem, but also increasingly prevalent in established corporations in legacy industries, employees are gaining increased flexibility with the space they make their…

Herd Investing and Social Proof

“Big-shot businessmen get into these waves of social proof. Do you remember some years ago when one oil…

Spreads

Finally — and relatedly — you have to capture much of the value you create in order to be great. A scientist or mathematician may create a lot of lasting value with an important discovery. But capturing a meaningful piece of that value is another matter entirely. Sir Isaac Newton, for example, failed to capture…

Babe Ruth, Power Laws, and What It All Means

One of the advantages of a fellow like [Warren] Buffett, whom I’ve worked with all these years, is that he automatically thinks in terms of decision trees and the elementary math of permutations and combinations….

Efficient Startup Hypothesis

If we entirely ignore theory, we can make big mistakes. We can fool ourselves into thinking it’s possible to know more than everyone else and regularly beat heavily populated markets. . . . But swallowing theory whole can make us turn the process over to a computer and miss out…