It’s shocking how many VCs don’t have a good grasp of basic cap table math
Unexpected lessons from VC/startups: - being nice is a competitive advantage - everyone struggles behind the scenes, even the big success stories - 75% of success is luck, but you still need the other 25% (hard work+talent) - most professionals should be numerate; many aren'thttps://twitter.com/paulg/status/1215673204125073408 …
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is this a recent phenomenon?
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How does someone measure and quantify luck? How did we reach 75% as the number?
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Lucky guess. ;) I don't know if it's 75% or 63% or 94%, but had to pick a number. What I do know is I've seen lots of hard-working, talented teams make a lot of good decisions and still fail, and failure seems to be more frequent than success.
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Being nice to your competitors I find is especially in short supply. The length of a career is much longer than the stint of any one person at any company.
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So true. Fine to be competitive, but disparaging or worse reflects poorly on the speaker/culture. Sales & others should always start with "They have a fine product; our advantages are ..." Plus you may want to hire their people, buy or be bought by them, etc. & opinions matter.
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To your first point, doing small favors for people whenever you can and when it’s low cost is one of life’s most underrated habits.
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THESE DEPENDENCIES IN REVERSE ORDER. - GOOD AT MATH = - UNDERSTAND IT MOSTLY LUCK = - RECOGNIZE IT ALL HARD = - YOU ARE NOT A DICK.
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Being nice, I told a ‘marketplace’ veteran in the US details of what I am doing at SouvNear. He liked it soo much that he wants to set up a company to do the same in Mexico. Good thing he has offered me some shares in return, provided I help them further. Amazing!
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Thank you for looking out Nigel :) Valid point, should be nice! Maybe the rant was a mistake? But,
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