All posts filed under: Tumblr

Leave a comment
Tumblr

“Obviously you don’t make money if you are wrong, but most people don’t realize you don’t make money if you are right and consensus because the opportunity is too obvious and all the returns get arbitraged away. The only way to generate outstanding returns is to be right and non-consensus. That’s hard to do because you only know you’re non-consensus when you make the investment. You don’t know if you’re right.” (via Demystifying Venture Capital […]

Leave a comment
Tumblr

“Obviously you don’t make money if you are wrong, but most people don’t realize you don’t make money if you are right and consensus because the opportunity is too obvious and all the returns get arbitraged away. The only way to generate outstanding returns is to be right and non-consensus. That’s hard to do because you only know you’re non-consensus when you make the investment. You don’t know if you’re right.” (via Demystifying Venture Capital […]

Leave a comment
Tumblr

A Hong Kong VC fund has just appointed an algorithm to its board. Deep Knowledge Ventures, a firm that focuses on age-related disease drugs and regenerative medicine projects, says the program, called VITAL, can make investment recommendations about life sciences firms by poring over large amounts of data. Just like other members of the board, the algorithm gets to vote on whether the firm makes an investment in a specific company or not. The program […]

Leave a comment
Tumblr

Naspers’ astonishing progress is in stark relief to the plight of the New York Times, laid out in turgid, repetitive detail in the leaked 97-page memo, apparently six months in the making, that concludes with the breakthrough idea that the organization should “consider a task force to explore what it will take to become a digital first newsroom.” Naspers is so overlooked as a media company. If it was in the US then every single […]