@nachkari The internet is about scale economics. So it's not about finding high roic, but about finding acceptable roic that persists for a long time.
@nachkari The best management teams have essentially no training outside of talking to customers. Competitive strategy is of limited value for entrepreneurs creating new markets.
@nachkari Distribution is always more important than content. Credit to Thiel.
@nachkari Demand is always more important than supply for replicable goods. Credit to Gurley.
@nachkari Buying higher is lower risk when youre betting on intangible assets.
@nachkari Lower churn allows mature businesses to grow faster and more efficiently than younger peers spending relatively more on marketing.
@nachkari Outliers drive investment success. When you hear a pitch that exceeds the comprehension of your current framework, stop what you are doing and work on that idea.
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