The Productization of Venture Capital - by Kyle Harrison
investing1012dot0.substack.com · 2,347 words · saved by 1 readers
When Everyone is Special Nobody is
I'm a big fan of thinking about the history of things. To understand why you do something today you sometimes need only look at how it got started. Humans are creatures of habit, so a lot of times we do things in large part because that's the way we started doing them. My Dad calls it the SALY principle (Same As Last Year). But when it comes to venture capital you can go all the way back to the 15th century (when we were still casually stumbling upon continents) and talk about whale hunting. You can read the details in VC: An American History by Tom Nicholas, but the TLDR has to do with…
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