Love how you're pointing out how every investor's anti portfolio shapes the mindset going forward!

Wow. The timing of this release is almost too perfect, it's creeping me out. This is a perfect summary of recent conversations I've had. Thank you, Michael.

Michail, thank you for sharing your knowledge

always on point...thanks for sharing

Thanks Michael! :)

Great insight

So true.

Its really helpful to me. Thank you

Please write a book

The best channel

Sounds like their needs to be a YC for VC firms lol.

@MattY3432

4 жыл бұрын

there is a YC Investor school

Totally Agree about the weightage to team and execution . But if there is a new team with exciting idea how do you judge whether they can execute or not ? Based on their degree(Stanford,MIT..)?? Based on their previous successful exits ?? Based on their employment (ex-googler,ex-facebooketc..). I dont think these parameters are enough to judge a new team. And a not-so-good team can become good after YC . What is the point in selecting good teams always (they are already good by themselves) ?

What you are talking about is exactly the fund raising situation in South Africa. Investors here aren't competing with each other, it's startups vs startups.

Question for Michael : Do you EVER invest in lone entrepreneurs ? Or does the only hope of a successful startup involve a team of founders ?

"Is this team executing?" Deep

What could be the other strong startup ecosystems according to you ? Are there some in Europe ?

@rudhisundar

4 жыл бұрын

NO.

@AccidentalScience

4 жыл бұрын

In Europe they tax too much and there is an anti-rich mindset. So people have less money, this means more fear in loosing the few money one have, which lead to loose more opportunities and less Investments, particularly for risky businesses. My humble opinion.

@zofe

4 жыл бұрын

@@AccidentalScience 1. The taxation on business in Europe is low - and investment is actually from the gross income, thus taxation is nearly irrelevant to investment decisions. 2. "an anti-rich mindset" == vassalism. The Feudal cast, owning the funds, is reluctant to allow "others" to succeed. It is all rigged to the hilt. 3. There's NO more real academia in Europe, thus people can hardly ever analyze anymore.

@MostCommentsAreFake-ud8by

4 жыл бұрын

@@zofe - Capital Gains Tax (in the UK at least) is 20% or less. So there are tax advantages to selling your company as soon as it realises a several million dollar value. Rather than staying to work in the business for many more years.

@AccidentalScience

4 жыл бұрын

@@zofe AFAIK the majority of the investments come from savings that are, by definition, from net income. Yes the anti-rich mindest could come from a "feudal-vassal" (or under an alternative point of view, corporatism) idea of the society by some (usually wealthy), but it is not enough to explain the phenomena that should be addressed to the underlying communist idea that the rich hold the "means of production" making many people negatively envious of the wealthy, and that is at the base of the anti-rich mindset that ultimately drives pauperism, thus taxes, depleting funds that would otherwise be used for more productive investments as it happens in the US.

So it’s the fear of missing out syndrome

1:46

execute execute execute

"Executing" is a test for blue-collar workers, i.e. technicians, rather NOT to engineers == scientists/thinkers/managers.

@Neonb88

4 жыл бұрын

I'm confused. Most startups are mostly code. How could a team that can't write code succeed?