Dialectic 2: Michael Dempsey - The Craft of Investing in the Future
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Nov 25, 2024 Michael Dempsey, Managing Partner of Compound and a seasoned investor in science and tech, shares his insights on navigating the evolving landscape of investment. He discusses the impact of cultural shifts on technology adoption and the importance of being original in investment strategies. Dempsey delves into future challenges, such as managing rapid societal change and ethical considerations in biotechnology. He highlights the potential of AI in mental health therapy and the growing complexity of digital identities in a tech-driven world.
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Venture Capital Evolution
- Venture capital has drastically evolved, influenced by changing gradients, timeframes, optimism, and risk parameters.
- The views on terminal upside have also shifted, impacting both traditional markets and venture capital.
Tech, Culture, and Crypto
- Technological advancements often drive cultural shifts, creating a feedback loop between scientific, technological, and societal changes.
- Crypto, unlike traditional tech, is primarily driven by societal change, posing unique challenges for investors.
Prioritize Originality
- To gain an edge in venture capital, prioritize originality and a prescriptive view of the future.
- Don't solely rely on founders' visions; develop your own thesis and actively seek out opportunities others miss.