[what-the-grump]

Look at the 13Fs for last quarter, find the funds that are still up, ask them if they made trades based on technicals and data or purely on gut feeling that it’s time to buy lean hog futures again because they’ve been through this before. Careful with the crypto bros they are looking at the sidewalk on 5th ave from their penthouses.

Data driven companies tend to use the data to quickly fill in dark spots, collect that income and tap the source dry, and then bureaucracy and nepotism set in and the script is flipped. Data is used to explain away why we lost our shirt and how it’s not our fault.

The VC is looking for the moon and trying to argue that more data would somehow make the VC feel less like it’s Las Vegas. Sorry it’s all Vegas unless you want to spread and settle for making few percent by investing in all 5 companies and not trying to guess the pack leader.