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Books and Articles we believe are important

Discount rates in venture backed startups

...This may seem like a dumb thing to get worked up over, but it makes a difference. A hundred dollars ten years from now is worth $39 today if you discount it at 10% per year; it is worth about $3.50—less than one-tenth the amount—if you discount it at 40% per year...

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The Allergy to Uncertainty

...Why do we urge people to develop a false confidence about their future, when we could instead teach them how to develop a healthier relationship with the unknown?...

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