Embracing Diversity in the Venture Capital Industry

I recently had a conversation with a (white male) VC fund manager (“VC” or “manager”) who had an impressive number of diverse founders in his portfolio. In the venture capital industry this is not very common, but sorely needed. When I congratulated him about the high-degree of diversity in his portfolio, he said “it wasn’t something they set out to do; it kind of just happened.” He … Continue reading Embracing Diversity in the Venture Capital Industry

Become A Smarter Investor by Asking Better Questions

The process of becoming a smarter investor isn’t solely about intelligence; it’s about curiosity. I don’t think intelligence and curiosity are mutually exclusive. But I do think that while intelligence inspires one to acquire more facts, curiosity inspires one to ask more questions. When I think about this comparison and how it applies to the world of investing, asking more questions can be immediately beneficial. … Continue reading Become A Smarter Investor by Asking Better Questions

Three Things I Predict Will Change in America After The Coronavirus is Under Control

In a few short months, the coronavirus (Covid-19) has wreaked havoc throughout the world. Sadly, thousands have fallen ill and passed away, hundreds of thousands have been temporarily displaced or permanently eliminated from their places of employment, and many businesses have shut down. We are living in unprecedented times. Like many countries around the world, the United States is still in the early stages of … Continue reading Three Things I Predict Will Change in America After The Coronavirus is Under Control

Life Lessons for the New Year

Every year I like to read Byron Wien’s Top Ten (economic) Surprises for the year. I’ve written about Byron before, but for those who don’t know him, he is the Vice Chairman for Blackstone, a large wealth management firm with $554 billion in assets under management. While Byron’s list of economic surprises are interesting and helpful, I always find his “Life’s Lessons” commentary at the … Continue reading Life Lessons for the New Year

What Happens to VC in an Economic Downturn?

I was recently talking with a close friend of mine about the U.S. economy and he asked me how an economic recession would affect the venture capital industry. He works in the heavy equipment leasing industry and he was telling me that he’s beginning to see some companies postpone capital spending on construction projects because of concerns about the economy. I always enjoy hearing his … Continue reading What Happens to VC in an Economic Downturn?

Income-Generating vs Non-Income Generating Activities

One of the lessons I learned early on in my career was the importance of distinguishing between “income-generating” activities and “non-income-generating” activities. Income-generating activities are activities that have the potential to generate revenue and non-income generating activities are activities that do not. No matter who you are or what field you work in, every business activity can be clearly delineated as one or the other.   … Continue reading Income-Generating vs Non-Income Generating Activities