DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
It’s Easy. Anyone Can Do It!
As everybody knows, venture capital is both easy and a rigged game. The whole thing is just unfair. It’s just that daddy gave the big money to Stanford and so Chip Jr. got to walk into the best internships and now he’s a junior partner at Sequoia or a16z or one of those places and he’s complaining about how he has to buy a regular production-line Ferrari not a bespoke McLaren like the senior partners. Er, not to drive of course, because he only drives his plain, white, low-range Tesla Model 3, ever, at least when going to meetings. The Ferrari is, you know, for the culture and all. Anyway, this positive discrimination that Chip has enjoyed is the only reason he is so successful. Because, again, VC is easy. You just need daddy to set you up on Sand Hill Road and the money flows your way.
Er, maybe.
Or maybe, it’s quite difficult and although a little nepotism never hurts, at some point you do in fact need a little skill and backbone and nerve - oh and capital reserves - to navigate the myriad potholes towards which young companies like to lure unsuspecting investors.
For our paying subscribers we now consider the case of RocketLab RKLB 0.00%↑ - if you’ve yet to join up as a paying member, you can do so at the link below. We keep the price low, and the work quality pro-grade high.