Great find!
Rarely get to see how others think on deals. Led me to try this out with my own substack.
Readit NewsDeleted Comment
anujabro commented on Original Bessemer Investment Memos for Shopify, Twilio, LinkedIn, Pinterest bvp.com/memos... · Posted by u/sethbannon
anujabro commented on Drew Houston Joins Facebook Board of Directors about.fb.com/news/2020/02... · Posted by u/minimaxir
What would someone typically be paid, if anything, to join the board?
I believe it varies across co's. Here's what I found for FB
"Netflix NFLX CEO Reed Hastings and Peter Thiel both collected $349,151 just for being on Facebook's board in 2017, mostly in the form of stock awards. The other three members of the board made comparable amounts last year." https://www.nasdaq.com/articles/all-fun-salary-info-uncovere...
anujabro commented on A Founder’s Guide to Understanding Investors blog.ycombinator.com/a-fo... · Posted by u/runesoerensen
Are the axes in the second chart swapped? It looks like it should say "Return" on the horizontal one and "Frequency" on the vertical.
Mike, thanks for the observation!
The chart is correct, but theoretically you could flip the axes and the shape of the chart would still be true.
Power Law Distributions in early stage investing a low frequency of high expected returns, and high frequency of low expected returns.
anujabro commented on Stripe Is Now a $20B Company bloomberg.com/news/articl... · Posted by u/jonknee
What is an accelerator or a funding group for whom the portfolio is not following that power law? For example one where the top 20 companies each comprise say appx 2% of the portfolio?
One that all have similar successes (e.g. all fail)
Odds are most early stage venture portfolios have a power law distribution, but of different magnitude.
Later stage you go, the more normal the distribution will look
anujabro commented on Is the Lean Startup Dead? steveblank.com/2018/09/05... · Posted by u/axelfontaine
Could you define PMF for me please?
PMF is when the startup has i) identified which users are desperate for the product, ii) made a product that customers can’t get enough of (demand feels exponential), and iii) found a business model that works
https://a16z.com/2017/02/18/12-things-about-product-market-f...
anujabro commented on Radical diet can reverse type 2 diabetes, new study shows theguardian.com/society/2... · Posted by u/lxm
Screenshots are a chore and am relying on google docs instead.
Loving the company name too!