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A variation of this is:
- was in hyper competitive venture backed capital inefficient business with weak moats
- got out shortly after or before IPO, made decent pile of money
- generalises the experience to say that capital raising is the highest order bit for all companies
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Not going to deny that the person may have good operating skills, but ‘operating skill’ is quite context dependent — difficult to say if the skill translates well to a different part of the capital cycle or to a different industry.
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Retweeting this is so on brand for you, it's that BS filter ringing the alarm bells again :D
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4 writers I pay for.
#1 Commonplace by @ejames_c. He has the best BS filter I’ve encountered on the internet. His exploration of cognitive flexibility in business was one of my 3 favourite reads of 2021. commoncog.com/blog/business-
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