Day: January 25, 2022

Big Skills



Scott Adams, the Dilbert creator, says he doesn’t have any extraordinary skills. He’s a pretty good artist. He’s kind of funny, an OK writer, and decent at business.

But multiply those mediocre skills together and you get one of the most successful cartoonists of all time.

A lot of things work like that. A couple ordinary things you don’t notice on their own create something spectacular when they mix together at the right time.

One of the big leaps forward for humanity is when we mixed copper, which is soft, with tin, which is very soft, and made bronze, which is hard and made great tools and weapons. It was like two plus one equals ten.

Same with the weather. A little cool air from the north is no big deal. A little warm breeze from the south is pleasant. But when they mix together over Missouri you get a tornado.

Same with people. It’s tempting to want to find the one big skill that will set you apart. But most incredible things come from compounding, and compounding isn’t intuitive because the incremental inputs are never exciting on their own.

A few little things that are easy to ignore yet work wonders when combined together:

  • Curiosity across disciplines, most of which are outside your profession.

  • A well-calibrated sense of your future regret.

  • The ability to endure risk vs. assuming you can avoid it.

  • Respecting luck as much as you respect risk.

  • The willingness to adapt views you wish were permanent.

  • (Read more...)

We’re hiring a FinTech Associate



We are recruiting for an Associate to join our investment team focused on FinTech. Our firm has backed many of the leading entrepreneurs in FinTech, and we invite you to join us on this journey! The ideal candidate will bring a mix of analytical skills, strong intrinsic motivation, and experience working in financial services either at a startup or an incumbent. We invite qualified candidates to email a copy of their resume to hiring@thomvest.com.

About Thomvest

Thomvest Ventures is a cross-stage venture capital firm with more than $500 million under management. We focus on opportunities in the fields of financial technology, cybersecurity and infrastructure, and real estate technology. We have made more than 60 investments across these verticals, including industry leaders such as Blend, Ladder Life, LendingClub, Kabbage, SoFi, Tala, and many others.

The capital we invest is our own, enabling us to be more creative, flexible, and patient with entrepreneurs. We operate our fund with a small core group, meaning that as an Associate, your contributions will be significant in supporting our investment efforts and decision-making. Our firm has a strong tradition of mentoring and developing our team members. As a result, we have a track record of promoting team members as they grow, including into partnership roles at the Firm.

About the Role

The ideal candidate will be self-motivated, detail-oriented, thrive with light supervision, and be willing to get involved across all aspects of the firm’s operations, including:

  • Working with our investment team to identify and develop investment theses, and (Read more...)

We’re hiring a FinTech Associate



We are recruiting for an Associate to join our investment team focused on FinTech. Our firm has backed many of the leading entrepreneurs in FinTech, and we invite you to join us on this journey! The ideal candidate will bring a mix of analytical skills, strong intrinsic motivation, and experience working in financial services either at a startup or an incumbent. We invite qualified candidates to email a copy of their resume to hiring@thomvest.com.

About Thomvest

Thomvest Ventures is a cross-stage venture capital firm with more than $500 million under management. We focus on opportunities in the fields of financial technology, cybersecurity and infrastructure, and real estate technology. We have made more than 60 investments across these verticals, including industry leaders such as Blend, Ladder Life, LendingClub, Kabbage, SoFi, Tala, and many others.

The capital we invest is our own, enabling us to be more creative, flexible, and patient with entrepreneurs. We operate our fund with a small core group, meaning that as an Associate, your contributions will be significant in supporting our investment efforts and decision-making. Our firm has a strong tradition of mentoring and developing our team members. As a result, we have a track record of promoting team members as they grow, including into partnership roles at the Firm.

About the Role

The ideal candidate will be self-motivated, detail-oriented, thrive with light supervision, and be willing to get involved across all aspects of the firm’s operations, including:

  • Working with our investment team to identify and develop investment theses, and (Read more...)

Mapped: Corruption in Countries Around the World


This post is by Omri Wallach from Visual Capitalist


For more detail, view the full-sized version of this infographic

Mapped: Corruption in Countries Around the World

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Mapped: Corruption in Countries Around the World

How bad is public sector corruption around the world, and how do different countries compare?

No matter your system of government, the public sector plays a vital role in establishing your economic mobility and political freedoms. Measuring corruption—the abuse of power for private gain—reveals how equal a system truly is.

For more than a decade, the Corruption Perceptions Index (CPI) by Transparency International has been the world’s most widely-used metric for scoring corruption. This infographic uses the 2021 CPI to visualize corruption in countries around the world, and the biggest 10-year changes.

Which Countries are Most (and Least) Corrupt?

How do you measure corruption, which includes behind-the-scenes deals, nepotism, corrupt prosecution, and bribery?

Over the last few decades, the CPI has found success doing so indirectly through perceptions.
By aggregating multiple analyses from country and business experts, the index assigns each country a score on a scale of 0 to 100, where 0 is highly corrupt and (Read more...)

Reid Hoffman | Vices and Virtues in Web3


This post is by Greylock Partners from Greymatter


Greylock general partner Reid Hoffman and his Blitzscaling co-author Chris Yeh examine the current development of Web3, focusing on how basic human nature is driving some of the innovation. This discussion was sparked in part by an article by Bloomberg reporter Joshua Brustein, who interviewed Hoffman about his recent essay on his experience as a Web 2.0 entrepreneur and investor. In that essay, Hoffman described the ways the “wild idealism” of the era led to major advances that both positively and negatively impacted the world, and how the “seven deadly sins” of humanity form the basis of many technological pursuits. You can read a transcript of this conversation here: https://greylock.com/greymatter/vices-and-virtues-in-web3/ You can read Joshua's story here: https://www.bloomberg.com/news/articles/2022-01-12/web3-silicon-valley-s-new-obsession-looks-a-lot-like-last-one?sref=ojgukC4T

Visualizing Carbon Storage in Earth’s Ecosystems



The following content is sponsored by the Carbon Streaming Corporation.

Visualizing Carbon Storage in Earth’s Ecosystems

Each year, the world’s forests absorb roughly 15.6 billion tonnes of carbon dioxide (CO2).

To put it in perspective, that’s around three times the annual CO2 emissions of the U.S. or about 40% of global CO2 emissions. For this reason, forests serve as a vital tool in regulating the global temperature and achieving net-zero emissions by 2050.

In this graphic sponsored by Carbon Streaming Corporation, we look at the Earth’s natural carbon sinks, and break down their carbon storage.

Carbon Storage by Ecosystem

Forests contain several carbon sinks, from living biomass such as roots and leaves to soil. In fact, soil contains nearly twice as much carbon than the atmosphere, plant, and animal life combined.

  • Soil: 2,500 gigatonnes (Gt)
  • Atmosphere: 800 Gt
  • Plant & animal life: 560 Gt

The soil type, vegetation, and climate all affect how carbon is stored. For example, colder and wetter climates promote the most effective carbon storage in soil.

Global Carbon Storage* (Tonnes of carbon per hectare)VegetationSoil
Wetlands43643
Boreal forests64344
Temperate grasslands7236
Tundra6127
Tropical forests120123
Tropical savannas29117
Temperate forests5796
Croplands280
Deserts and semideserts
242

*Average stored carbon in tonnes per hectare at a ground depth of one meter
Source: IPCC

Wetlands are substantial reservoirs of carbon. Despite occupying only 5-8% of the Earth’s land (Read more...)

Don’t Shine The Turd



Early on, when Collaborative Fund was just taking shape, I approached someone I respected and hoped would invest with us.

I was optimistic and passionate, but also young and nervous, and I think he could see that.

I had been talking for too long. Probably over-explaining out of anxiety.

He eventually cut me off.

He said, “you know what, son?” (I’m not sure if he actually said “son,” but I think it helps the story.) “I will invest with you.”

Oh my God! Yes!

“On one condition.”

Uh oh.

“Just don’t shine the turd.”

I wasn’t sure I heard him correctly. I asked him to repeat himself.

“Don’t shine the turd.”

I wracked my brain. The what?

Keep in mind, I was new to the industry. I didn’t have a finance background. So I wondered if this was some Wall Street thing I haven’t heard of? Is it an acronym? T.U.R.D…?

Turns out I was overthinking.

He went on to say, “If something is shit, don’t hide it. Because eventually, I’ll smell it.”

He explained that he’d been at this a long time, and he accepted the possibility of failure. He wasn’t afraid of it anymore. But what he wouldn’t put up with was someone pretending everything was going great when it actually wasn’t.

I agreed not to hide anything. He agreed to trust me.

I’ve held onto that advice, and kept that promise, ever since.

It’s hard to be an entrepreneur. And one of the most difficult things is (Read more...)

Great Startups Deserve Great Brands — Build a Strong Foundation by Avoiding These Mistakes



After working with hundreds of startups on brand strategy, Arielle Jackson shares the most common early marketing missteps that founders make. From how to articulate your product benefit and clarify your company's purpose, to tips for infusing your brand with personality and making your launch announcement count, her advice will help you lay the foundation for a great startup brand.

Perfecting a More Digital Union: Ro Khanna’s Dignity In A Digital Age


This post is by Reid Hoffman from Reid Hoffman


When you hear a member of Congress talking about the tech industry these days, there’s a good chance it’s in a negative context. Republicans rail against the companies that have enabled everyday citizens to project their voices with a freedom and scope that even presidents could not have matched just a couple decades ago. Democrats rhapsodize about dismantling some of America’s biggest domestic job creators and most successful exporters. And that’s just on Twitter.

They’re also pitching bills like the American Innovation and Choice Online Act, which the Senate Judiciary Committee voted on last week, whose intended and unintended consequences include weakening security on iPhoneseliminating Amazon Prime’s free two-day shipping, and making it harder for Google Search to steer users to small businesses using Google Maps, to name just a few.

But while some of America’s most powerful lawmakers focus on cutting Big Tech down to size, how many of the major challenges we face, as a country and as part of the greater global community, can we solve without major technological activity and innovation? 

That’s why Ro Khanna’s perspective is valuable in this moment. A member of the House of Representatives (D – CA) since 2016, Khanna is one of just a handful of current Congresspeople who has experience working in the tech industry. In his important new book, Dignity In A Digital Age, he explores how the tech industry can work harder to ensure the benefits it produces are equitably distributed, (Read more...)