Join 📚 Lukas' Reading Highlights
A batch of the best highlights from what Lukas's read, .
Your unique attributes are your secret sauce, the things you can do that the alternatives can’t.
Obviously Awesome
April Dunford
The perils of success: Leston Havens, a wise psychotherapist, once commented to me that he had known many people who had been improved by failure, and many ruined by success. Failure deflates illusion, while success only makes illusion worse, as shown in the coin toss and button-pushing studies (in which believing one was correct early on, or winning money, enhanced the illusion of control). Most normal, mentally healthy people have these features: they overestimate how happy they are; and when things go well, this illusion only gets worse.
A First-Rate Madness
Nassir Ghaemi
Source efficiently: The quality of an existing portfolio determines the probability and timing of the raise of the next fund. Venture investors normally invest in about 1 percent of the companies they review. This means that the practitioners will need to review an average of 1,000 companies, if not more, to achieve the desired portfolio size of, say, 10 companies. That is an average of one company a day! Thus, the territory ought to be fertile with opportunities.
The Business of Venture Capital
Mahendra Ramsinghani
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