Isaac Newton was a scientific genius at a time when scientists were often denounced as heretics.
Investing is the craziest game I’ve ever seen. It mixes high stakes with strong emotions, intelligence with luck, and long-term innovation with short-term trading.
One of Collaborative’s portfolio companies was acquired earlier this year, generating a fantastic return on our investment.
At some point in the last few years high-frequency traders began using picoseconds to measure the time needed to execute their trades. That’s a trillionth of a second. Big numbers require context: There are as many picoseconds in one second as there are seconds in 31,709 years.
We look at hundreds of companies as potential investments each month. It’s a great perch to see what problems entrepreneurs are solving, what new industries are popping up, and where consumer trends are heading.
Wealth has a curse. It’s called the hedonic treadmill. Its mission – and it is ruthless – is to move the goal post of your financial dreams, extinguishing the joy you thought you’d get from having more money once you attain it.
The Gary Works steel plant in Gary, Indiana, is the largest steel mill in North America. It used to be the largest in the world. A jewel of the manufacturing boom, it employed 30,000 people in 1970 – a third of all jobs in Gary – churning out 6 million tons of steel a year.
Walk into a music store in the 1970s, and you were almost certainly looking at a product made by General Recorded Tape.
Not every consumer startup needs to be an e-commerce brand. In fact, most shouldn’t be.
No one likes their time wasted. It’s a universal annoyance. So some advice applicable to everything you do: Make your point and get out of the way.