Kristofer Martin (Principal @ Will Ventures) on what makes former athletes worth betting on
Not enough investors think through a reserves strategy.
Power law curves dominate venture, but in order for power laws to kick in, you have to have a large piece in your winners.
Sales and trading is on the opposite of the spectrum compared to venture.
Taking skillsets from different fields gives you an edge. The ability to think differently than the pack is what leads to outsized returns in venture.
You can add value through differentiated networks, subject-matter expertise, and capital.
Figure out your value add angle, then spend all of your time making this a moat for your fund.
Partnerships allow funds to cover more ground with less resources. Find places you can collaborate instead of compete.
Former athletes are worth betting on because of their ability to be coachable, handle adversity, overcome steep learning curve, and solve complex problems.
