Between the woke-is-back-memes after the election, and the Jensen/China memes, this past week has been one of the strongest ever in the history of internet humor.
Ben Casnocha
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Entrepreneur, Investor @VillageGlobal, Co-Author of The Startup of You and The Alliance. villageglobal.com
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Both Dario and Jensen say they don’t know their home address.
If you know where you live, you're ngmi.View quoted post on X
Huge congrats from to @burkaygur @gorkem and team on this milestone financing at Fal AI.
You have already had an enormous impact on the generative media landscape, and the best is yet to come. Go go go!
fal.ai/blog/series-e-f
You have already had an enormous impact on the generative media landscape, and the best is yet to come. Go go go!
fal.ai/blog/series-e-f
As GPs in early stage venture, we need to move quickly most of the time. Call it 𝐅𝐚𝐬𝐭 𝐌𝐨𝐝𝐞. 80% of the time, we make the best decision we can with incomplete information, often under time pressure. Perhaps a round is coming together in 48 hours, or a talented engineer doesn't have a deck but wants to raise $2M in a week to start building. Etc.
But perhaps 20% of the time, we need to slow down, deliberate, pressure-test logic. Maybe it’s whether to trim a position in an existing winner. Or whether to do a major follow-on investment in a higher priced round. Or it's about an internal hiring or firm strategy decision. That requires 𝐒𝐥𝐨𝐰 𝐌𝐨𝐝𝐞.
Knowing which mode a decision requires is a form of decision-making self-awareness. (By the way, this is distinct from the now-popular Type 1 vs. Type 2 decisions framework, because none of these decisions is reversible; they're all one-way doors...)
Interestingly, for LPs the speed mode ratio is often the 𝘪𝘯𝘷𝘦𝘳𝘴𝘦 of GPs. Most of the time, LP investing is a Slow Mode activity. Allocators can study a manager, watch a strategy develop across vintages, compare opportunities, and build conviction over time.
But perhaps 20% of the time, speed matters. At our Village Global event with LPs the other week, several allocators talked about how to prosecute compelling co-invest opportunities on tight timelines. Others talked about managers raising small, capacity-constrained funds. In those moments, an institution whose default mode is deliberation can miss something great.
For both GPs and LPs, you need to recognize what kind of decision you’re facing, be aware of the default posture in your culture (Fast or Slow), and then match your decision-making speed to the situation at hand -- which may require a hard pivot from what feels normal.
But perhaps 20% of the time, we need to slow down, deliberate, pressure-test logic. Maybe it’s whether to trim a position in an existing winner. Or whether to do a major follow-on investment in a higher priced round. Or it's about an internal hiring or firm strategy decision. That requires 𝐒𝐥𝐨𝐰 𝐌𝐨𝐝𝐞.
Knowing which mode a decision requires is a form of decision-making self-awareness. (By the way, this is distinct from the now-popular Type 1 vs. Type 2 decisions framework, because none of these decisions is reversible; they're all one-way doors...)
Interestingly, for LPs the speed mode ratio is often the 𝘪𝘯𝘷𝘦𝘳𝘴𝘦 of GPs. Most of the time, LP investing is a Slow Mode activity. Allocators can study a manager, watch a strategy develop across vintages, compare opportunities, and build conviction over time.
But perhaps 20% of the time, speed matters. At our Village Global event with LPs the other week, several allocators talked about how to prosecute compelling co-invest opportunities on tight timelines. Others talked about managers raising small, capacity-constrained funds. In those moments, an institution whose default mode is deliberation can miss something great.
For both GPs and LPs, you need to recognize what kind of decision you’re facing, be aware of the default posture in your culture (Fast or Slow), and then match your decision-making speed to the situation at hand -- which may require a hard pivot from what feels normal.
True for elite knowledge workers, for sure, but how about for everyday working folks? In the AGI age, will *everyone* be working more hours?
everyone talking about jevons paradox of computing and AI.View quoted post on X
but jevons paradox also applies to work. the more you can get done, the MORE you want to work. because accomplishing things is so satisfying.
this is why AI will make people want to work even harder and create more
