I’ve been repeating myself more than usual, which is usually a sign that I need to write something down… I’ve written before about the valuation stack in venture capital (or how a startup is like a t-shirt), and more recently on how institutional LPs view regionally-focused managers. This piece ties those two ideas together to shed light on continue…

It’s essential to have friends who make you think. Venkat Rao is my most reliably mind-expanding friend; his Ribbonfarm blog and newsletter regularly rewire my brain with new frameworks and unexpected perspectives. This post was inspired by his latest newsletter / tweetstorm: Roadmapping for Flatlanders (go ahead and read it, I’ll wait). Because I spend nearly continue…