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Josh Wolfe – Caution and Innovation at Lux Capital, Venture is Eating the Investment World 8 (Capital Allocators, EP.236)
Capital Allocators – Inside the Institutional Investment Industry
What's the Most Valuable Asset in a Desert Water?
Right now, what's undant are high prices companies that can come in any day. What there's scarcity of is new companies being formed that are scientifically rigorous and have a true intellectual property mote. And so we are spending more and more time on the deeply technical, very hard to do, under five competitors. We're not playing it an auction game.
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