The Other End Of The Valuation Stick
Wow, solid essay with very clear examples and expanded on topics. I have a saying that "you can't play a game that you don't know the rules for". Perfectly fits with having to known what game you are playing, whether or not you decided or got put into the game without your consent. Having agency could be a good follow up piece since agency and self awareness like you said, are the only ways to avoid being some else's sacifical pawn
This is really well written.
Awesome post. Only one minor omission is a quote from The Wire!
Kyle, your writing is amazing. Recognizing when you're playing a different game and when drawing comparisons is harmful amongst your peers in business and in life is such an insightful lesson. Part of this newsletter was reminiscent of Andrew Wilkinson's tweet on founders giving advice!
This helped me clarify some ideas I've been mulling over. Namely, I've been thinking a lot on how micro-funds like SpringTime fit into a world filled with endless mega-funds investing multi-stage. You have me thinking in new directions here.