Björn Jeffery

Cover story! But not about my cooking (chef is the Swedish word for boss 😉
(via Toca Bocas Björn Jeffery: På jakt efter ny världssuccé « Chef.se)

My advice to entrepreneurs beyond the obvious (be in the right macro, hire great people, operate with purpose) is to –

1) Optimize for building institutional knowledge – get as many iterations as you can to give you insight into how to win long term

2) Pivot ahead of when you need to – pivoting early is leadership, pivoting late is desperation

3) Fully commit – you won’t / can’t win if you’re hedging. You only have finite emotional energy, deploying it in too many places will reduce the likelihood of success

A fantastic TEDx Talk from my colleague Jens Peter de Pedro, about why we must go beyond pink and blue.

(via Jens Peter de Pedro)

“Obviously you don’t make money if you are wrong, but most people don’t realize you don’t make money if you are right and consensus because the opportunity is too obvious and all the returns get arbitraged away. The only way to generate outstanding returns is to be right and non-consensus. That’s hard to do because you only know you’re non-consensus when you make the investment. You don’t know if you’re right.”

(via Demystifying Venture Capital Economics – Wealthfront Knowledge Center)

“Obviously you don’t make money if you are wrong, but most people don’t realize you don’t make money if you are right and consensus because the opportunity is too obvious and all the returns get arbitraged away. The only way to generate outstanding returns is to be right and non-consensus. That’s hard to do because you only know you’re non-consensus when you make the investment. You don’t know if you’re right.”

(via Demystifying Venture Capital Economics – Wealthfront Knowledge Center)

Cat sushi. Genius.

(via ネコずしポートレイトＡ3　マーゴ – ネコずし SHOP)

Cat sushi. Genius.

(via ネコずしポートレイトＡ3　マーゴ – ネコずし SHOP)

I’m visting my parents in Sweden so naturally they are keeping me up to date with the latest Nigerian hits.

A Hong Kong VC fund has just appointed an algorithm to its board.

Deep Knowledge Ventures, a firm that focuses on age-related disease drugs and regenerative medicine projects, says the program, called VITAL, can make investment recommendations about life sciences firms by poring over large amounts of data.

Just like other members of the board, the algorithm gets to vote on whether the firm makes an investment in a specific company or not. The program will be the sixth member of DKV’s board.

Naspers’ astonishing progress is in stark relief to the plight of the New York Times, laid out in turgid, repetitive detail in the leaked 97-page memo, apparently six months in the making, that concludes with the breakthrough idea that the organization should “consider a task force to explore what it will take to become a digital first newsroom.”