Before the bear market...
A goal of mine this summer is to establish for myself a set of critical thinking principles that will help me foresee how technology can "expand the space of possible" rather than limiting and bending technology to fit existing economic and social systems.
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Being in the investors' seat now, I'm looking out for companies that:
(1) Speed up the pace of disruption in a way that's impactful for people in underserved sectors (healthcare, fintech, etc)
"If you want to be a shot at being a 10x returning fund? You’ll have to take on the higher likelihood of being a 1x. If you think you’re going to build the next Stripe? You’re going to have to run the risk of going nowhere."
or
(2) That are foundationally challenging status-quo assumptions... because once a previously held belief is broken, TAMs change rapidly and nonlinearly to adjust for outsized returns.
and
(3) Can make the switch from "growth" to "survival" mode...
and for me, that means that the company's respective market is relatively untapped, so that when capital is no longer a commodity, the product is *valuable* (enough) in the market such that the consumers' willingness to pay is relatively unchanged (aka product-led growth continues strong in the bear market) OR that even if capture rate is smaller due to the bear market, there are enough sub-verticals to grow in.
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Current reading list for the next 3 months:
The World After Capital by Albert Wenger
The Beginning of Infinity by David Deutsch
Between the Mountain and the Sky: A Mother's Story of Love, Loss, Healing, and Hope by Maggie Doyne