Critics and practitioners

2012-06-16

“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

2012-06-06

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

2012-06-05

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

2012-06-02

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

2012-05-26

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?

2012-05-24

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…