Dan Gray
@credistick
Head of Insights @equidam // Writing at http://credistick.com // Library = Highlights
"While venture funding is very efficacious in stimulating a certain kind of innovative business, the scope is increasingly limited. This concentration may be privately optimal from the perspective of the venture funds and those who provide them with capital. It is natural to…
Peter Thiel says we're fixated on AI because there's just nothing else going on. It's the only thing that feels like movement in a stagnant culture, so we've loaded it with the weight of transcendence. Silicon Valley dreams of successor species, uploads, posthuman futures. But…
Retail meme-investing in companies with no disclosure requirements and sketchy cap tables; what could go wrong? This is a terrible idea for everyone except today’s liquidity-starved bag holders. The public market exists for a reason.
We're drunk on our stupidity, again. Bribing founders with homes? Free secondaries as % of investment? Celebrating founders who leave the team out to dry? Counting GMV, bookings, distribution contracts, and equity raised as "ARR"? Manufacturing positive GM by burying COGS?…