Let's talk about the most valuable asset you own.

Happy Friday!

On my mind this week: most entrepreneurs fear the wrong thing.

Growth is fun. Failure sucks. But the absolute worst thing that can happen is being stuck in something that's not-quite-growing-but-not-quite-dead.

"We haven't monetized this yet but I've been working on this for almost a year! I'm gonna figure this out." 🚩🚩🚩

This is true for investors too: the worst case scenario is having your money tied up in a company that's not-quite-growing-but-not-quite-dead. (PSA: we write the investment off way before the founders tell us about the impending wind-down.)

Anyway, your time is the most valuable asset you own. Act accordingly. 💫

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New episode: New Investment or Follow-On? What Investors Are Thinking​

This week, we talk about 2024 layoffs (30,000+ already!!) and how we think about investing in a new company versus making an additional investment in an existing company.

Grab it on Apple Podcasts or wherever else you listen to podcasts -- and let me know what you think! 🙏🏼

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Can I speak at an event in your city?

If there's something related to entrepreneurship, venture capital or healthcare happening in your neck of the woods, count me in! Hit reply and let's get the dates on the calendar ASAP. 🙏🏼

If you're around, I'd love to meet you IRL:

• Sioux Falls, SD (Feb 15-16)
• Lubbock, TX (Apr 3-4)
• Albany, NY (Late April)
• Vancouver, BC (June TBD)
• Toronto, ON (June TBD)
• St Louis, MO (Nov 11-12)

Bonus: if there's a good donut place in town, I bet I can pull at least one other angel along too.

Hit reply and let's talk!

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That’s it for now, have a great weekend!

-P