Critics and practitioners
“When art critics get together they talk about Form and Structure and Meaning. When artists get together they talk about where you can buy…
Equity value
Warren Buffet once said: Buy into a business that’s doing so well an idiot could run it, because sooner or later, one will. This is a useful…
Different types of risk
The idea that founders take on “risk” is a misleading generalization. It is far more informative to separate the specific types of risks…
Some thoughts on when to raise money, and the current financing environment
A key question for founders is when they should try to raise money. More specifically, they often wonder whether to raise money now or wait…
The experience economy
Before World War 2, the middle-class in the developed world struggled to afford basic needs. In the post-war boom, standards of living rose…
When should you give up on an idea?
Suppose you launch your new startup and don’t get the traction you were hoping for. How do you know whether to give up or keep going? This…