When I hear that the founder of a company I think could take over the world is running a fund on the side, EV goes down 10x in my head :(
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Why? Or do you guys prefer not having reasons for your claims?
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Because no one who expected their startup to do well would put up with the crap entailed in running a fund.
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how about a founder who is also running another startup or two? Seems to be in fashion these days
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That's arguably running a conglomerate, which empirically seems to work.
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Palantir
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Alex Karp has a fund?
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Better example: Amazon
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Surely Bezos isn't running a fund either? (Merely investing is not running a fund. A fund means LPs.)
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Bezos Expeditions looks like more than "merely investing" -- enough big wins to make "real" funds jealous https://en.wikipedia.org/wiki/Jeff_Bezos#Bezos_Expeditions …
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Bezos isn't running Bezos Expeditions; he's hired a team to run it
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Early on (when Amazon was a startup), Bezos was essentially in charge (e.g. he got himself into Google). Biggest nuance is his no LPs.
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himself, with no LPs is more like angel investing. running a fund you have to manage LPs etc
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Similar thoughts on founders that invest their own money? (Not from LPs)
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No, that seems ok.
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How about Opendoor and
@rabois ? Seems to be working well for him -
Workday did quite well.
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Unfortunately he doesn't have to work as hard for the same things as most founders .. namely networks/money/klout
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I work harder.
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Debatable ! No hard facts here. But existing network and access to money
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Yes. But this because I work harder. Less than a week vacation from 1995-2013.
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One week vacay in 20 years isn't a badge of honor. That's just insanity.
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That is how you become successful. See Belichick's speech at the parade in Boston.
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