The best companies are those that create a network where the more people join, the more valuable the network becomes for everyone.
We are not trying to be smarter than the founders. We are trying to identify who the great founders are and then support them.
The cost of missing a great company is much higher than the cost of overpaying for one. Asymmetry matters.
We are living at the most remarkable moment in human history. The internet is the most transformative technology since the printing press.
If there is other intelligent life in the universe, and we don't look, we will never know. That seems like a strange choice for a species that calls itself curious.
Physics teaches you one thing above all else: your intuitions are wrong and the model is right. Build the model. Trust the model.