Chapter
The Importance of Patient Investing
53:47 - 1:05:16 (11:28)
Sequoia Capital's Doug Leone explains the power-law curve that governs the venture capital industry, highlighting the crucial role of patient investing in achieving 10x, 55x, and even 200x returns.
Clips
David Lawee, Partner at Google's CapitalG, discusses how patience can lead to billion-dollar gains for limited partners by waiting for portfolio companies to catch up with their performance.
53:47 - 55:54 (02:06)
Summary
David Lawee, Partner at Google's CapitalG, discusses how patience can lead to billion-dollar gains for limited partners by waiting for portfolio companies to catch up with their performance.
ChapterThe Importance of Patient Investing
Episode#618: Roelof Botha — Investing with the Best, Ulysses Pacts, The Magic of Founder-Problem Fit, How to Use Pre-Mortems and Pre-Parades, Learning from Crucible Moments, and Daring to Dream
PodcastThe Tim Ferriss Show
Venture capital funds typically follow a power-law curve, where only a few companies generate significant returns while many others result in losses or moderate returns.
55:54 - 57:59 (02:05)
Summary
Venture capital funds typically follow a power-law curve, where only a few companies generate significant returns while many others result in losses or moderate returns. Understanding this dynamic is crucial for successful investing.
ChapterThe Importance of Patient Investing
Episode#618: Roelof Botha — Investing with the Best, Ulysses Pacts, The Magic of Founder-Problem Fit, How to Use Pre-Mortems and Pre-Parades, Learning from Crucible Moments, and Daring to Dream
PodcastThe Tim Ferriss Show
The guest explores the concept of evaluating founders' decision-making for business choices by taking into account the scale of ambition.
57:59 - 1:00:54 (02:54)
Summary
The guest explores the concept of evaluating founders' decision-making for business choices by taking into account the scale of ambition. He raises concerns about how not all instances of slamming the briefcase and walking out, like the memorable Zuckerberg and Yahoo deal, necessarily works out.
ChapterThe Importance of Patient Investing
Episode#618: Roelof Botha — Investing with the Best, Ulysses Pacts, The Magic of Founder-Problem Fit, How to Use Pre-Mortems and Pre-Parades, Learning from Crucible Moments, and Daring to Dream
PodcastThe Tim Ferriss Show
It is important for investors to ensure alignment in ambition with the founders they invest in, as founders may start with modest ambitions but later receive acquisition offers, while investors are looking for outliers who want to build very large businesses.
1:00:54 - 1:02:40 (01:45)
Summary
It is important for investors to ensure alignment in ambition with the founders they invest in, as founders may start with modest ambitions but later receive acquisition offers, while investors are looking for outliers who want to build very large businesses.
ChapterThe Importance of Patient Investing
Episode#618: Roelof Botha — Investing with the Best, Ulysses Pacts, The Magic of Founder-Problem Fit, How to Use Pre-Mortems and Pre-Parades, Learning from Crucible Moments, and Daring to Dream
PodcastThe Tim Ferriss Show
The hosts discuss the decision to sell a company and how early is too early for a founder to cash out.
1:02:40 - 1:05:16 (02:36)
Summary
The hosts discuss the decision to sell a company and how early is too early for a founder to cash out. They mention how their experience with portfolio companies helps guide conversations and give examples of founder's regrets from selling too early.