Spearhead

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Get the Operation Working at a Small Scale

Transcript: http://spearhead.co/small-scale

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  Rapidly Growing Valuations Shouldn’t Scare You Off

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  Reading Social Proof Is an Art Form

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  Social Proof Is a Valid Signal

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  Ask About the Metrics They’re Not Showing You

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  It’s Easy to Exaggerate Early Traction

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  Everything Is a Proxy for Traction

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  Early Winners Don’t Always Make It to the Finish Line

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  Invest in the First Credible Mover

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  Monopolies Fall When Platforms Shift

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  A Lot of Great Tech Businesses Are Natural Monopolies

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  Great Companies Expand Their Markets

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  Invest in $0 Billion Companies

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  Invest in Pure Tech Companies

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  Raising Money Without Any Product Is a Red Flag

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  Product Is the Resume of the Team

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  Expanding Fast vs. Dialing in the Model