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Turner’s method of investing massive amounts of time into learning about a space by pitching knowledgeable advisors, creating lightweight but polished demos, and continually improving the process is a way of gathering useful domain expertise without accumulating the biases of working in an industry for decades. You can instead draw upon collectives of hundreds of years of cumulative experience by going out and pitching, and pitching, and pitching to get the best quality knowledge available.
90% of Feedback Is Crap: How to Find the Next Big Startup Idea
review.firstround.com
I heard a similar sentiment from the Taiwanese-born, thirtysomething CFO of a U.S. technology company. A gentle, unpretentious man who went from public school to Harvard, he’s nonetheless not terribly sympathetic to the complaints of the American middle class. “We demand a higher paycheck than the rest of the world,” he told me. “So, if you’re going to demand ten times the paycheck, you need to deliver ten times the value. It sounds harsh, but maybe people in the middle class need to decide to take a pay cut.”
Plutocrats
Chrystia Freeland
Aside from sailing, I joined some of my VC friends in investing in early‐stage companies, and I served on a few boards. I admit that I am not the best board member: I get impatient and struggle with the hands‐off relationship boards are supposed to have with management. As I had learned at Greylock, I have the temperament of an operator, not an investor/advisor.
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