Investment is a challenging business, as it involves creating value that cannot be physically touched, unlike tangible products.

The inner work isn't just indulgence; it's a strategic investment in the most critical asset your startup has: you.

We encourage our team to invest in opportunities that show promise, even if they come with risks, as this can lead to significant breakthroughs. In venture capital, the key to success is identifying the next big thing early and investing heavily, rather than focusing on win rates or percentage returns.

Investing in startups is like baseball; most of the time, you're going to strike out, so it's important to remain calm and not over-intellectualize decisions.

Investing in someone means committing to spend a significant amount of time with them, so it's essential to genuinely like the people you work with.

Defining what your game is and where you have an edge is crucial for success in business and investing.

Meeting founders and making investment decisions is more of an art than a science, and you often have to lose some money before becoming an expert.

When investors have significant capital, they tend to invest in teams that appear to be attractive to other intelligent investors, which can lead to inflated valuations based on perceived potential rather than actual performance.

Raising money is a game that requires strategic thinking, as meetings can often go terribly wrong, leading you to question your purpose in running a company.