352. The Second Wave of SaaS, Using Software to Scale a Venture Firm, and Predictions for the Future of Venture Capital (Aaron Holiday)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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Are You Over Indexing Too Much on Purity of Motivation?
In the venture capital industry, there is a herd mentality. Everyone wants to believe that they're investing in something that is not consensus and right. But if you actually look at the behavior, people are actually grouping around consensus areas. Right now, where to me, the greatest degree of consensus right now is in crypto. And so I do think sometimes there is this expectation that a person coming out of an ideal school or Stanford, MIT, might have a higher probability of success. What we found was that school was actually less predictive than where you worked.
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