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Andreessen: “I feel 50 pounds lighter” without Twitter

• personjerry 10y ago
  > “the best venture capitalists in the world still strike out most of the time. That’s just the nature of the beast." Then what makes them the best VCs? The fact that they got lucky once and now sit on a pile of money? I tend to lean towards Black Swan theory here, believing that successes in these extremely outlier situations are not representative of the "best". It's like you won the lottery and claim to be "the best lottery player".
  • dilemma 10y ago
    When investing, first-time investors don't choose between all startups that exist in the entire world, or even just their city. They choose between those startups they have access too, which is a much much smaller number. So what the best VCs have done is build a good network, rather than used extreme intellects or investment models to make their decisions. Also, as firms grow, they lose touch to the scene, and that is probably why its hard to make good repeat investments. The next Facebook isn't necessarily in your network.
• jrnichols 10y ago
  I can see where he's coming from. I gave up on Twitter a while back as well because I kept finding myself getting into arguments that really have no bearing on my day to day life. There was just something about Twitter that made me a cranky asshole and it was way too easy to bang out a quick angry tweet. I didn't like how I was acting, so I deleted my Twitter account. It also felt refreshing. Not quite 50 pounds, but maybe 20. :)