Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at the difference between investing in ‘atoms or bits.’
Quote of the Day
"Newcomers have to not only convince new other people that their idea has a positive expected value. They also have to show it can clear a high reference point. Nailing the first part but ignoring or discounting the second explains why a lot of good ideas aren’t taken seriously, or take far longer to be taken seriously than you’d imagine."
(Morgan Housel)
Companies
- Pinterest acts like the anti-Unicorn. (nytimes.com)
- The scooter companies are living in a world that Uber has made. (slate.com)
- How reddit not only survived but is now thriving. (businessinsider.com)
- OpenDoor is working its way through the home buying stack. (techcrunch.com)
Health care
- Is health care going to get unbundled by narrowly focused startups? (usv.com)
- Cigna is launching a $250 million venture fund called Cigna Ventures. (businessinsider.com)
Funding
- Howard Lindzon, 'The old systems and hierarchies for capital allocation are slowly being torn apart..and it can't happen soon enough." (medium.com)
- Spearhead, via AngelList, is providing founders with the opportunity to invest in other founders. (techcrunch.com)
Startups
- Five accounting musts for early stage startups. (medium.com)
- If your company is running low on funds DON'T do this. (humbledollar.com)
- Too many co-working spaces are dominated by dudes. (qz.com)
- It's a good thing that founders are getting additional support through coaching and therapy. (feld.com)
- Just because some entrepreneurs taking dressing down to a new level doesn't mean you should. (pointsandfigures.com)
