Fascinating insights in the recent @BCG Value Creator's Rankings.
Ignore the recent volatility. This is a roadmap to long-term investing success.
It begins by describing the market's best performers. $SHOP, $AMD & $SQ top the list in best 5-yr returns.
bcg.com/publications/2021/in…
Methods to increase the number of founders:
1) Reduce downside (Erik’s thread below)
2) Reduce opex (SaaS, AWS, etc)
3) Reduce living costs (leaving Bay Area)
4) Recruit more international founders
5) More free books, education, code
What else?
People look at high valuations in early-stage venture and conclude there’s too much capital.
Another explanation for high valuations is we’re suffering a scarcity of (great) founders.
A thread on why we’re suffering from a founder scarcity and some ideas on how to solve it.👇