Chapter
Lessons in Venture Capital from the Google IPO
12:59 - 17:46 (04:46)
The speaker discusses the challenges of making successful investment decisions in venture capital, highlighting the importance of a positive bias in asymmetric situations and being more selective than other investment firms.
Clips
The speaker discusses the misconception that successful venture capitalists always make the right investment decisions, when in reality, there is always a level of uncertainty and risk involved.
12:59 - 14:28 (01:28)
Summary
The speaker discusses the misconception that successful venture capitalists always make the right investment decisions, when in reality, there is always a level of uncertainty and risk involved.
ChapterLessons in Venture Capital from the Google IPO
Episode#651: Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More
PodcastThe Tim Ferriss Show
The key to successful venture capital investing is to be more selective and to maintain the right frame of mind when investing, focusing on the potential asymmetric outcomes of your investments.
14:28 - 17:46 (03:18)
Summary
The key to successful venture capital investing is to be more selective and to maintain the right frame of mind when investing, focusing on the potential asymmetric outcomes of your investments. It's important to remember that you can't do every deal and that being overly invested in a negative or a no is just not that big a deal.