The Next Step (hardcover) 200
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Hi, I’m Luni. I’ve been entrepreneuring for the last 35 years. Software companies for the first 20 years, one at a time. The first funded by my leftover college fund, then a super-Angel. The next four by California-based venture capital funds. Only the first shut down. The acquired. One big win. In 2011, while running my last software company, I stumbled upon Bainbridge Graduate Institute, the...
Have you ever noticed that if something is older than your grandparents, it feels like it has been around forever? So much of modern infrastructure and modern conveniences fall into that pattern. Things we take so much for granted that no one bothers to question where they came from. Especially boring bits of infrastructure, like buses. The Tim Traveler has this answer, and hundreds more videos...
For institutions whose ages are measured in centuries, the day-to-day inner workings of the stock exchanges are amazingly undocumented. I’ve asked numerous traders and others in the capital markets, and they all tell me they learned those details “on the job” from their peers. Almost a year ago I found The Work of the Stock Exchange, which did document quite a bit of the...
Back in 2019 I posted What is Money?, and it included a link to Perry Merhling’s course on Coursera. I had originally found his lectures on YouTube, which were at some point taken down. Today I found them, edited into two 6-hour pieces: I found these from today’s’ post on substack, The Hierarchy of Money. If you like my writing, subscribe to that feed. Share this: Click to share...
If I had to boil down my lessons for entrepreneurs on how to deal with investors, it boils down to “put your self in their shoes.” What does the investor want from you in order to decide to invest? What does the investors want from you after making the investment? For debt investments, the lender gave you money. That loan came with money and a schedule for repayments. What does the lender want...
