Decision Making… The Power Law: Energizing Returns on Chance in Innovation and Investing 7 Jan 2026 The Power Law reminds us to think bigger. People systematically misperceive long tail risk, which creates arbitrage opportunities for those who manage uncertainty well. We discuss five strategies to identify…
Investing… Impact Investing: Socially Responsible Investing Reimagined 4 Jan 2026 IImpact Investing is a hot market. Long the domain of development finance institutions, impact investing has moved mainstream, with the likes of Bain Capital, Calvert, Goldman Sachs, JP Morgan, Merrill…
Financial… Chess, Computers and the Time Value of Money 19 Oct 2025 Venture fund partners are rewarded for Return on Investment. Limited partners in venture funds focus on Internal Rate of Return. Interests are generally but not always aligned. Differences emerge when…
Investing… Seeking Alpha: Thesis Driven v. Thematic Investing 28 Jul 2025 As noted last week, Investment Filters establish boundary conditions for investment. Investment Filters conserve energy both for investors and entrepreneurs by quickly eliminating over 90% of investment opportunities. But Investment…
Financial… Six Product Market Fit Principles That Drive Startup Success 21 Jul 2025 Product Market Fit progresses through three phases: product, business and financial validation. We discuss six practices that improve startup success by accelerating progress through these three stages. “We don’t have…
Author… Investment Filters: Simple Rules to Hit Investment Targets 20 Jul 202520 Jul 2025 Investment Filters set boundary conditions and provide simple guidelines for investments consistent with fund strategy. Filters coordinate fund activity to focus on investments that matter most while permitting flexibility to…
Business Area… Seeking Alpha: How Investors Derive Signal from Noise 16 Jan 202519 Jan 2025 In recent months, the investment community observed the passing of Charlie Munger and Daniel Kahneman. Munger and Kahneman came from different disciplines but shared the same objective: improving judgment in…
Startup Cairns 