Understanding Risk and Uncertainty: Making Wise Decisions As An Entrepreneur

  I was listening to a Freakonomics podcast this week about the major difference between risk and uncertainty. Like most people, I previously assumed risk and uncertainty were essentially the same thing. But after listening to the researchers on this podcast it became blaringly apparent how different the two are. Webster defines risk as the … More Understanding Risk and Uncertainty: Making Wise Decisions As An Entrepreneur

Measuring Investment Performance by Measuring Deal Flow

In the past week or so I’ve been asked by a couple up-and-coming VC fund managers what investors really want to know before they’ll invest in a fund. Without much concentration, I think it’s easy to say that most investors want to know about current and past performance. But if you think about this question … More Measuring Investment Performance by Measuring Deal Flow