Hi Mike. Agree about non consensus. Green space is consensus and not interesting. I think these two lenses are helpful on the "are you right" question. Also...congrats on your book!
One reason often overlooked: In order to have a great tech investment, you have to be non-consensus and right. The problem is that when you have to make the bet (at least if you are investing early), you don't yet know that you are right...(you don't even know if your destiny is to pivot)....you only know that you are non-consensus.
Vinod Khosla says it well. "It's your willingness to fail that enables you to succeed." Most people want the upside of outlier success but they aren't willing enough to risk embarrassing failure in order to get the success....which means it eludes them.
Hi Mike. Agree about non consensus. Green space is consensus and not interesting. I think these two lenses are helpful on the "are you right" question. Also...congrats on your book!
One reason often overlooked: In order to have a great tech investment, you have to be non-consensus and right. The problem is that when you have to make the bet (at least if you are investing early), you don't yet know that you are right...(you don't even know if your destiny is to pivot)....you only know that you are non-consensus.
Vinod Khosla says it well. "It's your willingness to fail that enables you to succeed." Most people want the upside of outlier success but they aren't willing enough to risk embarrassing failure in order to get the success....which means it eludes them.