Essays

A definition to simplify the terminology on this website.

Gene tech is creating new categories within health, food, materials, and transportation.

The next industrial revolution is biological, unlocked by AI, new methods, falling costs, and available talent.

Qualitative and quantitative approaches are helpful to guide the decisions of where to invest.

The portion of the fund to reserve depends on how much the certainty increases from seed to series A

Predicting a company's future prospects is a probabilistic exercise.

Finding many deals to choose from is important. Seeing the gems is crucial for best returns.

Patents and startups stem from inventions. Many best practices apply to both kinds of portfolio construction.

Contrary to conventional wisdom, solo managers perform best.

Human nature leads towards sub-optimal decisions in many ways.