25iq

My views on the market, tech, and everything else

Lessons from Michael Batnick (Big Mistakes)

Michael Batnick is the Director of Research at Ritholtz Wealth Management. He is also the author of a new book Big Mistakes: The Best Investors and Their Worst Investments “which explores the ways in which the biggest names have failed, and reveals the lessons learned that shaped more successful strategies going forward.” “A book that influenced my thinking was Nobody Wants to Read Your Sh*t by Steven Pressfield. This quote is […]

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Lessons from Elad Gil and High Growth Handbook

Elad Gil was a co-founder of Mixer Labs and Color Genomics. After Mixer Labs was acquired by Twitter, he was a VP at Twitter. He also previously worked at Google where he started their mobile team and worked on AdSense. Gil is an investor in and advisor to companies like: Airbnb, Coinbase, Instacart, Stripe, OpenDoor, Square, Pinterest, Stripe, Gusto, Wish and Zenefits. Gil is the author of a new book […]

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Lessons from Jim O’Shaughnessy

Jim O’Shaughnessy is the Chairman and Chief Investment Officer of O’Shaughnessy Asset Management (OSAM). He was a pioneer in quantitative equity research, part of an early group of explorers who combed through data to find factors which predicted future stock returns. O’Shaughnessy is the author of four books on investing. “Mandelbrot basically demonstrates that markets are not log normal but chaotic normal. They have much more of a peak and […]

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Business Lessons from Rob Hayes (First Round Capital)

  Rob Hayes has been a partner at First Round Capital since 2006. I wrote about First Round previously in the chapter on John Kopelman in my newest book A Dozen Lessons for Entrepreneurs which is a fund raiser for the charity “No Kid Hungry.” Before joining First Round, Hayes was a venture investor at Omidyar Network and prior to that he worked at Palm. Among the investments Hayes has made […]

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Lessons from Josh Wolfe (Lux Capital)

  Wolfe is the co-founder of Lux Capital, a venture capital firm which invests in emerging science and technology ventures. The firm manages $1.4 billion in assets across five funds. Before founding Lux, Wolfe worked in investment banking. He grew up in Brooklyn (Wolfe has many interesting stories to tell about his childhood in Coney Island) and graduated from Cornell with a B.S. in Economics and Finance. 1.“Edge is a key […]

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Lessons from Cliff Asness

  A full biography on Cliff Asness would be a couple of pages long since he is so accomplished, but here is my shortened version in the event you do not know his background already: Cliff is a Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. Prior to co-founding AQR, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, […]

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Lessons from Sonali de Rycker (Accel)

Sonali de Rycker is a general partner at the venture capital firm Accel. De Rycker focuses on investments in consumer, software and financial services businesses. She was born in Mumbai and is a graduate of Bryn Mawr and Harvard Business School. De Rycker began her professional career as an analyst at Goldman and went on to join Atlas Ventures in 2000. 1. “We advise breaking down the [process of building a […]

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“Bad or Good Board of Directors – You Won’t Believe What Happened Next!”

  Trae Vassallo (Defy): “[Be] really good at quickly identifying the big questions — the big issues — never get distracted by the small minutia. [Be] laser focused on what is it going to take to turn the business into a great big opportunity.” Vassallo has described the process of learning to become an effective board member as an apprenticeship. Both as a founder/entrepreneur (Good Technology) and while she worked […]

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Business and Investing Lessons from Rebecca Lynn (Canvas Ventures)

Rebecca Lynn is a Co-founder and a General Partner at Canvas, where she focuses on early-stage venture investments. Lynn was born and raised in Missouri and began her career at Procter and Gamble. In a talk at Stanford she described part of the inspiring journey that took her to where she is today: “In this little town where I grew up, the highest-level math class was very rudimentary trigonometry. There […]

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“Proprietary Product Distribution” is Better than Sliced Bread

  Jim Barksdale once said: “Nothing happens until somebody sells something.” This challenge is made harder by another business truism: if the cost of acquiring customers exceeds the ability of the business to monetize those customers, the business will inevitably fail since it has not created product market fit. Not only does someone need to “sell something” but is must be done in a way that is cost-effective. Some people forget that […]

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