Village Global Podcast Jerry Neumann on Technological Revolutions, Picking Winners, and VC Returns
14 snips
Mar 3, 2020 Jerry Neumann, founder of Neu Venture Capital, discusses Carlota Perez's work and its implications, the misunderstandings of moats, investing in uncertainty, predicting technological revolutions, the power law in venture capital, follow-on investments, venture capital and poker, and the reasons for the unchanged structure of venture funds.
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Predicting Stock Prices
- Accurately predicting stock prices on a large scale is impossible.
- Stock prices would adjust, negating the prediction's accuracy.
Asimov's Foundation
- Asimov's Foundation series explores predicting the future using group psychology.
- However, revealing predictions can alter the future, making them inaccurate.
PC Adoption Narrative
- The personal computer's adoption was driven by a narrative of its world-changing potential.
- People bought PCs even before practical applications were readily available.