What We're Reading:
The Power Law: Venture Capital and the Making of the New Future
In The Power Law, Sebastian Mallaby has parlayed unprecedented access to the most celebrated venture capitalists of all time into a riveting blend of storytelling and analysis that unfurls the history of tech incubation, in the Valley and ultimately worldwide. We learn the unvarnished truth, often for the first time, about some of the most iconic triumphs and infamous disasters in Valley history, from the comedy of errors at the birth of Apple to the avalanche of venture money that fostered hubris at WeWork and Uber.
The Psychology of Money
Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.
In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
The Art and Science of Spending Money
"There is a science to spending money – how to find a bargain, how to make a budget, things like that. But there’s also an art to spending. A part that can’t be quantified and varies person to person." Read on to discover the thirteen things Morgan Housel has noticed about the art of spending money.
The Rational Optimist
In a bold and provocative interpretation of economic history, Matt Ridley makes the case for an economics of hope, arguing that the benefits of commerce, technology, innovation, and change—what Ridley calls cultural evolution—will inevitably increase human prosperity.
An astute, refreshing, and revelatory work that covers the entire sweep of human history—from the Stone Age to the Internet—The Rational Optimist will change your way of thinking about the world for the better.
Thinking, Fast and Slow
In his mega bestseller, Thinking, Fast and Slow, Daniel Kahneman, world-famous psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think.
What We're Listening To:
Timeless lessons on wealth, greed, and happiness.
Plain English with Derek Thompson feat. Kevin Roose
Longtime Atlantic tech, culture and political writer Derek Thompson cuts through all the noise surrounding the big questions and headlines that matter to you in his podcast Plain English. Hear Derek and guests engage the news with clear viewpoints and memorable takeaways. In this episode, Derek is joined by Kevin Roose, author and technology columnist for The New York Times.
20VC with Harry Stebbings feat. Ariel Cohen
The Twenty Minute VC (20VC) interviews the world's greatest venture capitalists. In this episode, 20VC Host, Harry Stebbings is joined by Ariel Cohen, co-founder and CEO at Navan.
The Logan Bartlett Show feat. Zach Weinberg
Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, Netflix. Logan goes behind the scenes with world-class entrepreneurs and investors. In this episode, Logan is joined by Zach Weinberg, founder of Curie.Bio.
The Tim Ferriss Show feat. Bill Gurley
Tim Ferriss is a self-experimenter and bestselling author, best known for The 4-Hour Workweek, which has been translated into 40+ languages. Newsweek calls him "the world's best human guinea pig," and The New York Times calls him "a cross between Jack Welch and a Buddhist monk." In this show, he deconstructs world-class performers from eclectic areas (investing, chess, pro sports, etc.), digging deep to find the tools, tactics, and tricks that listeners can use. In this episode, Tim is joined by Bill Gurley, general partner at Benchmark.
Meat and Potatoes Multi-Family Real Estate at IEC
Marshall Boyd is the Co-President and CIO at Interstate Equities Corporation, a real estate investment firm that manages $1 billion focusing exclusively on multi-family apartments on the California coast. IEC is one of those little-known gems for those in the know. It's an endowment darling with just a dozen or so of the most elite LPs in the business exploiting an attractive, little corner of the investment world. Our conversation covers Marshall's path to IEC and steps to turn a family boutique into an institutional business. We discuss firm's investment thesis, sourcing, due diligence, deal dynamics, value-added operations, and exit strategy. We close covering risks to the strategies and lessons learned along the way.