The Federal Reserve published their first public paper on digital dollars, a.k.a. Central Bank Digital Currencies, a.k.a. the dollar CBDC. This, of course, is spurred by the popularity of cryptocurrencies and the questions of whether they will replace the government issued fiat currencies. At a high level, this paper says nothing interesting. A bone dry nothingburger. But what is interesting is...
Compounded annual growth rate (CAGR) is a very common metric when looking at how fast a startup is growing. Unfortunately neither Excel nor Google has a formula named CAGR. Instead, you need to use the RRI function. When you do this, there is one pitfall to avoid. There are three parameters to RRI. The first is the number of values. The second is the starting value. The third is the ending value...
I teach the important skill of Seeing the Future to both entrepreneurs and investors, but before stumbling on this conversation, I had never before seen this framework of success in startups based on “the long term view”. By necessity, founders are rooted in the “here and now” mental framework required for launching a new startup. But great founders do something different at the same...
The biggest reason startups fail is that they run out of money. No money, no employees, no vendors, no way to serve customers, game over. Pretty obvious, but there are many different ways that startups can run out of money, and not all seem like failure: No customers The most obvious path to running out of money is lack of customers. This is the classic path we talk about a lot in...
