The Hardest Decision
Saying no to founders you like.
Recent No's
Social Network #47
Great team. Saturated market. Too late.
Blockchain Everything
Solution looking for problem.
Hardware Startup
Capital intensive. Low margins. Pass.
"Netflix for X"
Stop. Just stop.
Why I Say No
Opportunity cost. Every yes means no to something else.
The Freedom
Saying no to most things means saying yes to the right things.
My Hit Rate
I invest in 3% of deals I see. Those 3% return 10x on average.
Selectivity is strength.