Terrific piece on Sutter Hill, Mike Speiser, and the incubation model of venture, from the always insightful @kevinakwok:
Kevin has a great 2x2 where he points out that most well-known VCs are in the "successful + brand-network-effect" quadrant, for obvious reasons -- they need the inbound deal flow. And Sutter Hill is interesting because it's in the "successful + low-profile" quadrant.
This is actually a quadrant I'm quite familiar with -- most hedge funds fall here! As a junior trader I was told: play dumb, stay quiet, keep a low profile, protect your edge, never reveal your positions or plans.
Startups are exactly the opposite -- it's all about playing bigger, feedback loops and self-fulfilling prophecies. For me this transition, from east coast to west coast if you will, was one of the key challenges in becoming a founder. So many habits to unlearn!
Anyway, go read Kevin's piece! It'll be worth your time.
kwokchain.com/2020/09/22/the…
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