Sam Hinkie

It makes me think that the phrase, I can't remember who said it, that you should invest in arrows or lines, not dots.

Never invest in something static.

A PowerPoint deck by its definition is sort of this weird point in time thing.

And

Somehow is the way through which we start to have these conversations about backing young companies.

But it sounds from all these descriptions like instead, is that like the thing you care least about?

And instead, you care more about building as much context around the person and the founding team as possible and trying to find the right arrow to hop on the ride along with them?

For sure.

That's how I think about it.

I heard this somewhere and it's stuck in my brain for years now that expertise is a predictive model about the future that works.

I don't care how you got there.

It might be instincts, might be actual data, might be something, but you can make a prediction and it became true over time.

Experience is how many times you've done this.

That's totally different.

That's totally different.

It doesn't mean people without experience don't have expertise, but they're wildly different things.

Getting down the learning curve for some set of people is often very, very quick.

And you might not care at all that they're bringing sort of a beginner's mind to a new industry.

In fact, that might be preferential.

You might want them to attack an industry in which the incumbents are sleepy or the incumbents have long held the belief that technology can't help or the software will never disrupt their business.