Author Archives: caspar

Most VC/startup commentary I have read on the JOBS Act so far has been either entrepreneurs raving about easier access to seed funding, or VC raving about easier exits through more lenient IPO rules. Distressed Debt Investing has a different … Continue reading →

Very hands-on down-in-the-woods presentation about entrepreneurship by the Instagram's founders Kevin Systrom and Mike Krieger when they were still dirt poor. I liked it because there was refreshingly little conventional wisdom, and a couple of interesting points were made. Key takeaways: … Continue reading →

The problem is that this deeply held belief in “revenue exceptionalism” over “margin exceptionalism” is a hangover from the industrial era. Unlike industrial era companies, information businesses tend to be deflationary, shrinking the overall revenue of an industry. They also tend to have … Continue reading →