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MyFitnessPal – You *really* don’t know what will win
I had a quiet moment last week and got thinking about the deals we pass on at work that go on to do well. Kinda like the Bessemer Anti-Portfolio (https://www.bvp.com/anti-portfolio/). When we turn deals down, there is usually a solid reason: we weren’t sure about the team, we weren’t sold on the product, we weren’t…
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Read Fiction!
My life has been filled with arrogant moments, where I thought I knew better than others. One of these moments was when I decided that I would only read non-fiction books. “Fiction is a waste of time” went the argument. Self-improvement was the focus. Fiction was only for recreation. I’d often declare this view in…
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Cash is King: How founders should decide their cash runway
It’s the figure all early stage founders know. Current cash in the bank, divided by monthly cash burn, equals cash runway – or how long your company can survive before it needs further funding. And while many start-ups survive a bit longer than their cash runway suggests – usually with aggressive cost control – a…
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What is a Growth Mindset?
“Great minds discuss ideas; average minds discuss events; small minds discuss people” – Eleanor Roosevelt My wife says I’m a fanatic in everything I do. I thought this was an interesting charge. Surely being a fanatic is a prerequisite for success – going one step further than most others? Just one step? Only a few…
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House of Lords reform
To an outsider looking in, the House of Lords can seem a quirk in one of the world’s oldest and most vibrant democracies. The Lords, with its unelected nature, makes it the target of all emotions – debate and discussion, praise and critique, appreciation and blame. For decades, the Conservative Party has shied away from…
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The law firm billable hour must die
Long blog post alert. TL;DR – law firms should just quote everyone fixed fees rather than billing by the hour. —— What must die for the legal industry to evolve? That is a key question on the lips of law firms worldwide. Put another way, “with technological change and fast-paced disruption all around us, what…
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VC investing: simplified
I was discussing early stage VC with my friend yesterday. It became clear that early stage VC investing can be simplified as follows: Made me chuckle.