The Blackstone of Innovation - by Kyle Harrison

Venture Capital Is The Name, AUM Collection Is The Game

This is a weekly newsletter about the art and science of building and investing in tech companies. To receive Investing 101 in your inbox each week, subscribe here: Biographies can be incredibly humanizing. You take these people that feel larger than life, and hear about their mistakes and embarrassments. One story that I enjoyed comes from the book "What It Takes," by Stephen Schwarzman, the founder of Blackstone. As a junior banker, he'd built a financial model (pre-Excel, just cranking out paper calculations), and as he and his boss were flying to present it to their client his boss…

related reading

• a16z: The Power Brokers - Not Boring by Packy McCormicknotboring.co
• “Build What’s Fundable” - by Kyle Harrison - Investing 101investing101.substack.com
• .:: Phrack Magazine ::.phrack.org
• Barron's | Blackstone vs. BlackRock: The Greatest Wall Street Frenemy Story Ever Toldwebreprints.djreprints.com
• Benchmark Part I | Acquiredacquired.fm
• Issue 2 - East Rock Capitaleastrockcap.com
• AI Rollups, the latest fad to take venture capital by storm, point to a different source of excess returns that is only becoming more valuablecolossus.com
• Sam Altman on Loving Community, Hating Coworking, and the Hunt for Talent (Ep. 61 - Live in SF) | Conversations with Tylerconversationswithtyler.com
• The Best Venture Firm You’ve Never Heard Ofthegeneralist.substack.com
• a16z: The Power Brokersnotboring.co
• Black Swan Farmingpaulgraham.com
• A brief history of venture capitalishanjmukherjee.github.io