Venture Hacks

Go read Mike Speiser’s new blog: Laserlike. Its theme is, “Free ideas. Just add execution.”
Mike recently joined Sutter Hill Ventures as a Managing Director. Before that, he founded Epinions with fellow Venture Hacker Naval Ravikant and founded Bix (acquired by Yahoo).
Ideas
In his second post, Mike writes,
“The theme of Laserlike is that ideas are overvalued. [...]

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Summary: Raise as much money as possible. With these caveats: (1) maintain control at any cost, (2) monitor your liquidation preference, and (3) act like you don’t have a lot of money. Also understand that if you do raise a lot of money, you will have to (1) “go big or go home” and (2) [...]

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In The Psychology of Entrepreneurial Misjudgment, part 1: Biases 1-6, Marc Andreessen kindly interprets an essay from Charlie Munger’s book, Poor Charlie’s Almanack:
“Mr. Munger’s magnum opus speech, included in the book, is The Psychology of Human Misjudgment — an exposition of 25 key forms of human behavior that lead to misjudgment and error, derived from [...]

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