SWEEP

?

I couldn’t bring myself to watch. Ohhh, the agony. The pain was too much to bare. They didn’t have to do Lebron like that. Sweep? Really? They had nothing for the Joker. And It wasn’t anything?funny about that game #pun . Meanwhile Dwight Howard is shooting 3’s in China. Ok I’ll get to the point. Mark Cuban said you only have to get it right once. Over all depending on the niche VC firms on averga ROI tends to range between 15% to 25% per year, net of fees and carried interest, over the life of the fund, which is typically around 10 years.

25-30%?of VC-backed startups still fail. Out of every 10, about three or four fail completely. The other three or four return their original VC investments, and only one or two will produce substantial returns. For the majority of firms 3-4 investments pay for the whole fund and allow you to actually pay for court-side tickets to see the Lakers get swept. Do I sound salty? #Lawry’s.

It’s enough to raise the blood pressure. How do firms get it wrong so often or right so little , what’s the due diligence process or in this case the scouting report. Glad you asked. Well,?the team is solid, Jamal Murray can shoot off the dribble and kill you from the midrange or three. This is equivalent to a founder who has a great background and experienced an exit before. They are well coached in transition and The Joker is a walking triple double with insane court vision. He’s not the same guy Dwight Howard bullied in the bubble. Traction… well they were the best team in the West by far, not to mention a strong and resilient team in the clutch in case of pivoting or need for adjustment. Is the market under or overvalued? Lakers beat Denver during the pandemic, a mid market team who has nothing to lose, they are hungry,?and want revenge. They play the game the right way and have reached the playoffs consistently for the past 5 years. Competitive analysis, well The Lakers had no answer for Jokic, no real shift they could make, no defensive strategy, no moat. P&L or X’s and O’s can’t withstand a real strategy to take market share and not get consume by competitors. But hey, you gotta give it to the Lakers, it’s only six teams in history to make it from an 7th seed to the Western conference finals. Maybe we can put them in an Accelerator and keep an eye on them for next year? I think Denver will win the chip but I’m rooting for the other team. The only Nuggets I invest in are from Wendy’s.