Pinned post
Saul Klein
Verified account This account is verified. Learn more@cape
Husband. Dad. Co-Founder @phxcrt @NewtonProgramVC @zincvc @weareplatoon @seedcamp @lovefilm Operator @ogilvy @microsoft @skype Investor @indexventures
17K Following 50K Followers 12K Posts
Latest posts 5
thanks for a great conversation @ry_paddy - I've always been fascinated with how to balance the things that *don't* change in how business gets built, and the things that are changing with shorter and shorter half-lives
It makes a lot of sense to me that @localglobevc build one company per fund.
@cape's thinking here: "One of the things I'd noticed over the years is the tools, infrastructure or methods you use to start a business kept changing, and so the half-life of being a useful advisor to a founder was quite short."
There are numerous studies indicating VCs risk losing their edge over time.
This practice, at least intuitively, seems like a good way to stay grounded in the reality of entrepreneurship - close to the coal face, or "on the beach, with the surfers", instead of in your mansion in Pacific Heights, to borrow Saul's own analogy.
Makes very obvious sense during major platform shifts like AI.
Venture building is something of an art, though. Few do it well. It is not for the faint of heart.
In the full convo with Saul (see quote tweet), we also touched on the story behind starting LoveFilm, which was acquired by Amazon for $320m in 2011, advice for emerging managers, how to value contracts, fund size as strategy (and why @phxcrt keep their funds small), and much more.
It was a fascinating convo with one of the giants of early-stage VC.View quoted post on X
more thinking out loud - from the "clocks" series
Act V: The Country as a P&L articape.substack.com/p/act-v-the-co…
cc @stianwestlake @Peston
Act V: The Country as a P&L articape.substack.com/p/act-v-the-co…
cc @stianwestlake @Peston
articape.substack.com Act V: The Country as a P&L Why the Treasury Can’t See What Britain Owns hat tip to @Peston for the on-going conversation that prompted this #longnewpaloalto #longbritain - youtube.com/watch?v=RITdCI…
www.youtube.com Stop obsessing about America! How to grow the UK economy Why Britain’s innovation economy is the strongest in Europe. What ... There is much misunderstanding about the UK’s tech potential. Read Saul Klein below to understand that the new jobs and biggest potential come from the application of tech to existing markets by pioneering young companies, as much if not more than from foundational techView quoted post on X
articape.substack.com/p/nothing-to-s…
