According to Walter Isaacson's biography of Jobs, Powell Jobs got dragged along to a campus event by a friend.
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Key Takeaways.
Proactive vs. Reactive Approaches.
Tenev founded Robinhood with his friend Baiju Bhatt. Robinhood.
With mature companies, the process of establishing value and investability is fairly straightforward. Established companies produce sales, profits, and cash flow that can be used to arrive at a fairly reliable measure of value. For early-stage ventures, however, VCs have to put much more effort into getting inside the business and the opportunity.
In reality, being this specific would lead to a very small pool of startups and few investment opportunities, which is not ideal for maintaining a healthy fund.
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