Invested by Aleph Harry Stebbings on Starting 20VC, Being Underestimated, Investing, and Wealth vs. Happiness
8 snips
Jul 5, 2023 AI Snips
Chapters
Transcript
Episode notes
Manage Portfolios Actively Not By Default Reserves
- Be proactive about portfolio management and selling positions rather than blindly reserving capital.
- Harry regrets holding when he should've sold and favors a no-reserves approach because reserves often chase fast but unsustainable growth.
Deploy Slowly To Smooth Cycle Risk
- Temporal diversification in deployment mitigates cycle risk; funding speed driven by fees can bias behavior.
- Harry deploys over 3–3.5 years and says his media business reduces pressure to raise funds quickly for fees.
Own A Tiny Content Niche First
- Niches win in content: start hyper-specific, earn the right to expand, then scale regionally.
- Harry grew 20VC by owning founder-focused VC content then broadening to adjacent products and data.