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  1. Engineers are the basic economic unit of modern software development.

  2. Over a decade ago, INSEAD business strategy professors W.

  3. An investor once shared with me a simple framework for the fundamental skills of venture capital: 👁 See (the deal) 🧠 Analyze (the deal) ❤️ Win (the deal) Success in VC demands all three.

  4. "With great retention comes great volatility" – Uncle Ben in Spiderman OK – that's not exactly what Uncle Ben said, but it makes an important point: retention is a double-edged sword.

  5. Waitlists, registered users, and other cumulative measures are vanity metrics.

  6. Understanding cohort performance is critical for modern, high-velocity businesses, especially those with subscription or recurring revenue models.

  7. Managing risk is hard work.

  8. Note: You can find this analysis updated for 2020 here.

  9. Human capital is our greatest asset.

  10. Einstein once (supposedly) said: Compound interest is the most powerful force in the universe Of compound interest, Warren Buffet proclaims: Over time it accomplishes extraordinary things Compound interest, or growth, is one of the, if not the most, power…