Investor's Notebook
Notes on how investors actually decide.
Weekly essays on what investors actually respond to, why good companies get passed on, and the lessons founders learn the expensive way.
Five Interested Investors. Still No Term Sheet.
Interest costs an investor nothing. Here's how to turn it into a decision.
Read the essay →- Sep 2026 The Slide That Makes VCs Feel Late
- Sep 2026 My Friend Raised €2 Million, So I Want €2 Million
- Sep 2026 Why Investors Ask About Your Competitors
- Aug 2026 Investors Are Back. Their Attention Isn't.
- Aug 2026 Relaxing Efficiently
- Aug 2026 If Your Answer Is “Everyone,” Investors have Stopped Listening
- Aug 2026 What Great Pitch Decks Hide
- Jul 2026 Investors Decide While You're Still Giving Background
- Jul 2026 Nobody Tells You No Until It's Expensive
- Jul 2026 Commitment Issues
- Jul 2026 Good Blurs
- Jul 2026 The Grown-Up Across the Table Doesn't Exist
- Jun 2026 If You're So Good at Building, Why Can't You Raise?
- Jun 2026 The Smartest Money in Munich Is Chasing Teenagers
- May 2026 Most hackathon ideas die on Monday morning
- Mar 2026 Milan Builds World-Class Companies. Just Not New Ones.
- Mar 2026 The Best Place to Do Research in Europe Is a Terrible Place to Build a Company
- Mar 2026 The Most Important Defense Company You’ve Never Heard Of
- Mar 2026 Missiles over Dubai, Business as Usual
Investor's Notebook
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