Invest Like the Best with Patrick O'Shaughnessy Brian Singerman – Investing in the Best Founders - [Invest Like the Best, EP.127]
Apr 2, 2019
Brian Singerman, a partner at Founders Fund, shares his insights on investing in exceptional founders. He highlights the importance of assessing company moats and market potential. Singerman emphasizes that a successful investment strategy requires continuous practice and intuition. He discusses the evolving landscape of technology and its impact on investment decisions. Additionally, he shares valuable advice on the qualities he looks for in founders, exploring the significance of personal connections and diverse market opportunities.
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Moat, Market, Execution
- Look for companies with existing moats, large addressable markets, and strong founding teams.
- Focus on execution from moat to market, ensuring the team can scale the business.
Moat Evolution
- Moats can vary from unique team insights at early stages to established network effects at later stages.
- SpaceX's moat is its difficult-to-replicate rocket factory, highlighting the value of non-clonable businesses.
Train Your Gut
- The only way to improve investment gut is through experience.
- Make small investments to train intuition; venture capital prioritizes upside maximization, not avoiding small losses.