I do not see how one can look at [growth] figures like these without seeing them as representing possibilities. Is there some action a government of India could take that would lead the Indian econ…| Reaction Wheel
Is the rate of adoption of new things getting faster and faster and if so, is this an exogenous feature of technology? I argue the rate of adoption is cyclical and, while fast today for some produc…| Reaction Wheel
I am no longer investing in new companies.| Reaction Wheel
For some ten years I have advised students in my entrepreneurship class to use a 40% discount rate in their lifetime value calculations. Every semester someone decides to take advice they found on the internet and use a much lower rate. It does seem like, of the advice given, mine is at the high end. […]| Reaction Wheel
Edit, 11/20/2023: If you like this post, it inspired a book co-written by me and Liz Zalman. You can find it here. One of my portfolio companies raised a round a few months ago and I left their board. So, for the first time in a long time, I am not on any boards of […]| Reaction Wheel
Uncertainty results in unpredictability, and two types of things cause unpredictability: novelty and complexity. Novelty uncertainty is when you can’t predict something because it has never been done before. You might not know know the existing conditions, all the actions you can take, how those actions might change conditions, and/or what the possible outcomes are. […]| Reaction Wheel
The book I wrote with Liz Zalman has been released! We chose an unusual format: we take specific times and events in the life of a startup, times that can cause conflict between founders and invest…| Reaction Wheel
Generative AIs can do some things better than people: they can code faster in many instances, they can write junior high school level essays faster, they can create detailed images on demand no mat…| Reaction Wheel
Syllabus for Managing Technological Innovation, Spring 2023| Reaction Wheel
A framework for managing radical uncertainty in startups.| Reaction Wheel
Value is created through innovation, but how much of that value accrues to the innovator depends partly on how quickly their competitors imitate the innovation. Innovators must deter competition to…| Reaction Wheel