Larry Cheng (@larryvc) 's Twitter Profile
Larry Cheng

@larryvc

Co-Founder, Volition Capital. Investor. Christian. Journaling general business thoughts as they come. Boards: $GME, $GROV, and many private companies.

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linkhttps://www.volitioncapital.com calendar_today24-03-2009 17:36:15

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It's interesting how private and public investments work inversely on governance. In private investments, you define the terms of governance prior to investing capital. In public investments, you invest capital with no governance, but can gain governance with more investment.

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Random philosophical question that popped to mind - what’s worse: -Being such a good defense attorney that you get a guilty client freed? -Being such a good prosecutor that you get an innocent person convicted?

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A lot of truth here in Jason ✨👾SaaStr.Ai✨ Lemkin's observation about the difference in culture between new AI start-ups and older B2B SaaS companies... The synopsis: AI start-ups are working harder, longer, and more in-person than older B2B companies that are more remote and lifestyle-driven.

A lot of truth here in <a href="/jasonlk/">Jason ✨👾SaaStr.Ai✨ Lemkin</a>'s observation about the difference in culture between new AI start-ups and older B2B SaaS companies...

The synopsis: AI start-ups are working harder, longer, and more in-person than older B2B companies that are more remote and lifestyle-driven.
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If you’re interested in hearing more from Grove’s CEO Jeff at the virtual Emerging Growth Conference on August 20-21 - you can sign up below. Looks like you can submit questions in advance as well. $GROV

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Success leads to ego. Ego leads to failure. Failure leads to humility. Humility leads to success. Success leads to ego. Ego leads to failure. Failure leads to humility. Humility leads to success. Repeat… Seen this cycle play out more or less in many different contexts..

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The protection against this cycle is simple: when we have successes - stay humble. Give credit to others, emphasize the team, appreciate those who helped, make it about we, not I.

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Back on this topic - most think convicting an innocent person is far worse than letting a guilty person go free. Makes sense… You’d think then that defense attorneys wouldn’t be so commonly vilified when they’re the ones that protect against that worst case outcome.

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Former Red Sox: Xander Bogaerts since signing an 11-year, $280M Padres contract: 2023: .285 / 19 HRs 2024: .264 / 11 HRs 2025: .269 / 9 HRs Mookie Betts signed a 12-year, $365M Dodgers contract, last 3 seasons: 2023: .307 / 39 HRs 2024: .289 / 19 HRs 2025: .239 / 12 HRs

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Been thinking about this passage (2 Timothy 4:2-4). A clear distinction is made between preaching the word and preaching to tell people what they want to hear. If you attend church today, I hope your church experience is the former rather than the latter.

Been thinking about this passage (2 Timothy 4:2-4). A clear distinction is made between preaching the word and preaching to tell people what they want to hear. If you attend church today, I hope your church experience is the former rather than the latter.
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We've analyzed 50+ founders over 15+ years that Volition backed and one learning is educational background had no correlation on return. Whether you have no college degree, a bachelors degree, Ivy League degree, an MBA - there was no clear bearing on outcome. Volition Capital

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It feels like three generations ago when the go-to-market model for Internet companies was to buy Facebook and Google ads. Times have changed, hire people who can learn, take risks and adapt. Experience isn’t always helpful when operating models change quickly.

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Messing around - translated the Scaling Success podcast into Chinese in about 30 seconds so my parents might understand what I do for a living.

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Am I the only one who thinks whatever algorithm set the speed limits in the US was too conservative by 10%-15% across the board?