The key takeaway I've got is that sometimes it's hard to see when you're inside the fad.
Interesting that the VC (Jeremy Liew) is the also behind Snapchat. You win some, you lose some, and in Venture investing, the wins take care of the losses.
Interesting that the VC (Jeremy Liew) is the also behind Snapchat. You win some, you lose some, and in Venture investing, the wins take care of the losses.
1 - Investing in the wrong company
2 - Missing the right company
The first bucket has limited financial downside. (You only lose what you invested) The real cost is time and attention. (An investor can only sit on a fixed amount of boards)
The second can be a lot more painful, because the upside can be 10-100x. Missing out on Salesforce (or Yelp, or pick your winner) can be even tougher.