Mike Maples, Floodgate
Origins - Inside Venture Capital, Hosted by a GP and an LP
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Is There a Circle of Competence in Investing?
Investing is a game where there are no called strikes. In theory you can invest only when something's in your circle of incompetence. And so we've done a lot of work trying to figure out, okay, let's look at the lift investment and invested $750,000 at $5.5 million post money. So we need more of those. If we can do those, we'll be very good at $131 million.
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