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Investing

A collection of 11 issues

Groupthink

The market is volatile, and people are "taking risks off the table." If you watch major financial news channels, you hear this a lot in the past few days. Today, I heard commentator say that a major correction is good, and they were expecting it. I have several

What has not changed? The case on Nvidia

It was impossible to open the news before Nvidia's recent earnings and not read some speculations regarding Nvidia earnings. The media portrayed Nvidia earnings as THE indicator for where AI is going. Articles regarding Nvidia earnings read like suspense movies. From the market open on February 20 to

Key considerations when making direct private investments in venture capital

I get this question a lot from friends who are considering making direct investments in startups. I also see this debate playing out in the public square. Having had the opportunity to invest in the private markets in the last 15+ years, my view is that direct investments by individuals

OpenAI Board Should Resign

What happened at OpenAI was crazy on many levels. While I am an outsider to OpenAI's inner workings, I will go out on a limb and say that the people who made the decision to oust Sam Altman probably do not have the right experience for making this

What makes NYC a unique tech hub?

This week is NY Tech Week. While the events take place in various parts of NYC within one week, the tech hub that is NYC has been around for a long time. Many years ago, it used to be the case that startups go to the West Coast to raise

Demystifying the Cap Table

One essential document in startup financing journey is the "Cap Table," short for Capitalization Table. While it may sound like a complex financial document, it is quite simple in its construction and provides the basis for various financial analyses related to a company's capital structure. Understanding

What does it take to lead early-stage investments?

Venture investing in the early stage is not for the faint of heart. It takes a lot of strategic and operational work to achieve key business and financial milestones which are prerequisite for growth equity. No one can do all the work alone. In fact, it requires the right type

Capitalization Table (cap table) Basics

In my experience, I have found that even with founders and entrepreneurs have various levels of understanding of capital structure represented by what's called a capitalization table or "cap table." Basics: Cap table is an Excel file that summarizes equity ownership structure in a corporation. The

Making meaningful investments

As a technology investor, people ask me what I invest in. After talking about thematic focus areas, I point out that I like to invest in solutions that are solving meaningful problems. Sometimes, it's hard to convey what's meaningful because what's meaningful to one

A note on due diligence as a VC

Originally posted on November 23, 2022 I wrote about due diligencing ethics in my last post; I want to follow up and write about due diligence in general. Typically, people think that due diligence involves getting answers to a checklist. This is a small (and easy) part of the due