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337

A case study in early-stage startup execution

Before joining Wave four years ago, I spoke to a former employee about his experience. He said something that has stayed in my memory ever since: “Wave is really good at execution, so by working at Wave, you’ll learn how to execute very well.” Now that I’ve been here a while, I thought it would be good to write down…

342

How on earth I became an entrepreneur

The email landed in my inbox around 10:05/am, alerting us of an all-hands meeting in 15 minutes. “Guess we got acquired”, we all thought. 16 minutes later, we were all laid off. This was February of 2001. I was first alerted of my uselessness in 1995, when ~ fresh out of college ~ I worked ... Read more

348

Minsky Moments in Venture Capital

Markets rise, and markets fall. This much, at least, is well-known. But why do market cycles occur? What causes the pendulum to swing from euphoria to crisis and back? Hyman Minsky was a 20th-century economist whose ‘financial instability hypothesis’ is probably the best-known explanation for the boom and bust cycles…