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Jet Fuel For Growth
My top 3 lessons* on angel investing from Jason Calacanis
Very few people are as credible angel-investing evangelists as Jason Calacanis is. I have written several notes about his investment advice already before. However, every new video I come across brings forward another thought or different angle. Yes, I admit that I have become a fan.
These are my three takeaways after watching Jason and Lex having a long conversation about different topics at Lex Fridman podcast:
Lesson #1: And the winner is …
In most industries, it is about 20 people who will win in a category. And approximately 80% of that category will be owned by the top 2 or 3 players.
Jason emphasises that 2 things are impossible to fake:
- a product that is built really well; and
- customers who are delighted with the product.
Until recently it took decades for a company to grow to become international. Now it may take 2–3–4 years for a startup to go global. There are several factors facilitating this, including:
- the app store ecosystem;
- ability to make online payments; and
- a supercomputer in every person’s pocket.
