Readers of this newsletter know what a fan I am of David Cummings. I’ve been thinking through an article to share my insights on angel investing over the the past 20 years or so but David beat me to the punch. While my own list would have probably focused a little more on evaluating the team members, the business organizational structure and the addressable market, I can’t disagree with any of David’s lessons … and let’s be honest, he’s got quite a track record!
Enjoy his article 7 Lessons From 15 Years of Angel Investing.
"Do not let making a living prevent you from making a life."
— John Wooden
Do you guys know about Goldbelly? It’s a curated food delivery service for the best brands in the country. You can get deep dish pizza from Pequod’s in Chicago, Cupcakes and Hot Cross Buns from Miller’s Amish Bakery in Pennsylvania, a Cheesesteak from Pat’s in Philly, or soul dumplings from Nom Woh in Chinatown, NYC.
It’s all pricy, but for a special treat you can’t beat it. My kids have dined all over the world during the pandemic shutdown because we made it a priority to show them the specialties of far flung places. You can hear about how good the Reuben Sandwich is at the Carnegie Deli … or you can eat one.
Check them out here.
“No organization can ever grow larger than the CEO.”
— Tom Foster
Amazon’s ad business now does $31B a year more than the ad revenue of YouTube and the global newspaper industry. The world has shifted away from print to digital advertising and even companies like Uber and Walmart are building out their own ad network businesses in search of higher-margin revenue and profit sources.
The problems of COVID-19 supply chain, severe weather and spiking energy prices has driven the price of food globally to record highs. Now comes the nascent world war starting in Ukraine and is only compounding those problems. “We are going to have a food crisis. It’s a question of how large,” one European fertilizer CEO told the WSJ.
"The strategies that made you successful in the past will, at some point, reach their limit. Don't let your previous choices set your future ceiling. The willingness to try new ideas allows you to keep advancing."
— James Clear