149 karma · joined September 12, 2014
Twitter: @grahamgarner Email: grahamgarner1 [at] gmail
Chamath is currently leading four biotech SPACS: DNAA, DNAB, DNAC and DNAD, each with a stated target, neurology, oncology, organs & immunology. Anyone looking to invest in the SPAC today should consider the likelihood of this happening, the potential targets, and the sponsors history.
Or you can wait for an announcement around a proposed merger, even up to the day the official stock starts being traded.
Again, just depends on risk tolerance. It's nice to least have the option to take part in these deals.
Said another way, 'anyone' can invest 'any' amount in a public stock today and lose it all tomorrow. Heck people were even suckered into mortgages they couldn't afford by our trusty banks.
Apple/Nike/Target, sure. Tesla, no.
“Every person in your company is a vector. Your progress is determined by the sum of all vectors.” — Elon Musk
https://www.statnews.com/2018/10/29/alzheimers-research-outs...
Awesome book: Why We Sleep by Matthew Walker
NDAs aren't really going to help you in this regard.
Just take some meetings, tell them what you're working on and if some form of collaboration is of interest.
Also, be careful thinking you have a solid MVP.
- update your mental model with data.
- conversations around what's working, not working.
- one thing about a founder to decide to invest: shadow a founder for a day. Real life better demonstrates true nature of people vs meetings/stories/emails/interviews.
- always think about what can go wrong with your product, strategy, competitive landscape. Extreme alertness.
- if you have a good product, you can fix sales, customer success, marketing, etc. If you have a bad product, even doing everything else write doesn't help.
- Concerned about excess capital in seed markets. Bad companies shouldn't be raising money. Bad for the ecosystem as a whole.
The question my three-year-old son asks over and over each day. It's exhausting, and I love it. I do my best to provide the answer instead of simply stating "because" or "just do it" as one of my greatest fears is to suppress his natural desire to understand as much as possible about the world. Also, as a child I hated memorization, yet loved delving into a subject that intrigued me.