20VC: How I Lost Airbnb at Seed Because of an Exploding Term Sheet | Investing Lessons from Roelof Botha & Peter Thiel | Why VC is Less Collaborative Than Ever and Great Companies Are Being Destroyed by Too Much Cash with Kevin Hartz @ A*
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Importance of Conviction in Venture Capital
Having a strong conviction in your investment decisions is crucial in venture capital. It is important to focus on the outcome scenario and vote strategically based on the potential of the company. Founders Fund is admired for its individual-driven approach, focusing on carrying out high-conviction investments. The power law principle of investing, demonstrated through examples like selling Spotify to invest in Airbnb, highlights the significance of going all in on promising opportunities to achieve big wins in a fund's portfolio.
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