Risk and Race: A Modest Proposal To Encourage Investing In Minority Entrepreneurs

Fast Company put out a fantastic package of stories covering the role of race in Silicon Valley.  The centerpiece is a deservedly glowing profile of Tristan Walker, but my favorite was an interview with a group of African American startup folks titled “An Honest Discussion of Race in Silicon Valley.” One thing that I failed … Continue reading Risk and Race: A Modest Proposal To Encourage Investing In Minority Entrepreneurs

The Value Of Being Able To Take Risks

One of the advantages of money that people fail to appreciate is the value of being able to take risks.  Because risk and reward are typically intertwined, the rich do get richer. This year’s March Madness tournament provides a particularly striking example.  Quicken Loans and Yahoo Sports are running a “billion dollar bracket“: Pick the … Continue reading The Value Of Being Able To Take Risks

Why Worry?

The great Eric Barker recently reviewed the research on fear, and found that there are three secrets to fearlessness, as practiced by courageous types like firefighters and special forces operatives: http://bit.ly/1awzzJt 1. Training and Preparation “The Navy SEAL team that killed Bin Laden trained for weeks inside a full scale replica of the compound they … Continue reading Why Worry?

Valuation is the universal lever for mitigating startup investment risk

I am a well-known valuation hawk.  That is, I have often gone on the record as saying that investors should care about the valuation they pay when they invest in startups, and that valuations are too high. This doesn’t make me popular in many circles, but I care more about speaking what I think is … Continue reading Valuation is the universal lever for mitigating startup investment risk

Why Founders Reap Disproportionate Rewards

Mark Suster keeps knocking the cover off the ball with his posts about the startup ecosystem. Here’s a key passage from his latest:The fact is that most people lack the willingness, ability or nerve to start a company from the very beginning with just an idea or a desire to start a company. These same … Continue reading Why Founders Reap Disproportionate Rewards

Taleb on Risk (in less than 1,000 characters)

From the department of unintended consequences…Yahoo’s recent launch of del.icio.us 2.0 expanded the notes field for bookmarks to 1,000 characters. As a result, my del.icio.us feed now includes a fair number of mini-essays. Here’s the latest, summarizing Taleb’s latest essay on risk and today’s credit crunch: “Great essay by Taleb on the current crisis, and … Continue reading Taleb on Risk (in less than 1,000 characters)