1/ the hand-wringing about how to win in VC is silly if anything, there are a lot of ways to make a couple billion dollars, evidenced by the many incredible managers who've built massive firms in niche categories deemed uninvestable by LPs and consensus driven venture

2/ the best managers are building models for investing that most VCs wouldn't try / touch and it will be obvious in hindsight, at which point asymmetrical returns will be arbed out. ribbit x bitcoin, thrive x oscar, sutter hill x snowflake fortune favors the bold

3/ i'm excited about investors building new models for what a firm *could* be, especially in this time where value can compound much more quickly across equity, credit, and public markets. lots of opportunity everywhere for those who dare to try, lots of capital available.

4/ at the end of the day, no one cares how you did it. all that matters is that you did it the best ($$$ / DPI). everything else is cope.