I don't invest in companies where my mental model is that they need to get themselves acquired in the next few years - or ever.
Sentiment: NEGATIVE
My philosophy is that if I have any money I invest it in new ventures and not have it sitting around.
Once investors come in, it's hardly your company anymore!
You can't have personal investors anymore because it's too expensive, so you have to have corporate investment or a lot of rich people.
Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.
Even I have been at that point in my life where I thought I didn't have enough extra money laying around to start investing in stocks for my own retirement plans.
I'm an investor in a number of biotech companies, partly because of my incredible enthusiasm for the great innovations they will bring.
Every venture capitalist says at some point, 'I wish I could run this company myself' - to be the entrepreneur instead of the investor.
Innovation requires resources to invest, and you can see many companies pulling back and going into an intense protective mode in a major extended period of financial distress.
You'll get nowhere buying stocks just because they have a great story.
I'm invested in about 13 private companies. I've advised probably another 50 private companies.
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