| A Deep Dive into What Has Really Changed in Venture Capital - Mark Suster If you look at some high-profile tech companies funded in the last big VC cycle you had eBay, Amazon, Salesforce & Google each go public having raised < $100 million in VC TOTAL prior to IPO and their last private-market valuation were all sub $400 million. If you fast forward one generation of tech companies it's a completely different story. Companies are raising billions of dollars in the private markets and the valuations are enormous PRIOR to the IPO. Yes, distributions to LPs have been pushed out a few years but the value capture in privates by the best VC firms (and best LPs) has been enormous. In fact, if just Google, Salesforce and Amazon had stayed private for 12 years (today's IPO benchmark) an addition $200 billion would have been captured in the private markets! This is cutting it as just 12 years after inception, which is even before Amazon and Google's big stock-market runs in which these three companies have created $1.64 trillion in value.
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| | The Joe Rogan Experience – Sleep Expert and Neuroscientist Dr. Matthew Walker Key Takeaways - One half of your brain won't sleep as deeply as the other, when sleeping in a foreign environment, like a hotel room - "Sleep is the greatest legal performance enhancing drug that most people are probably neglecting" - One hour of iPhone use before bed will delay the onset of melatonin production by about 3 hours (your peak melatonin levels will also be about 50% less) - Your brain needs to drop its temperature 2-3 °F in order to sleep (so keep your room as cold as you can tolerate) - Men who sleep 5-6 hours a night will have a level of testosterone 6-10 years their senior - Humans beings are the only species that deprive themselves of sleep for no apparent gain. Mother nature has never faced the challenge of coming up with a safety net for lack of sleep.
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