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  1. 20VC with Harry Stebbings52 min

    Michael Mauboussin: The Single Biggest Mistake Investors Make In Decision-Making | 20VC #945

    Michael Mauboussin, Bill Gurley, Harry Stebbings

    Michael Mauboussin, Head of Consilient Research at Counterpoint Global, outlines how distinguishing between luck and randomness, combined with preferential attachment dynamics, drives persistent success in venture capital. He advocates for specific decision-making protocols, such as three-person committees, premortems, and junior-first dissent, to mitigate bias and ensure investment processes align with an entity's competitive edge. Mauboussin concludes that while market volatility and interest rates fluctuate, long-term success relies on focusing on free cash flow fundamentals and maintaining psychological equilibrium through a disciplined adherence to process over macro forecasting.

  2. 20VC with Harry Stebbings1h 24m

    Chris Sacca's True Unfiltered Opinion on Facebook and Softbank | Full Interview

    Chris Sacca, Harry Stebbings, Crystal, Bill Gurley

    Venture capitalist Chris Saka transitions from early successes at Photo Bucket and Twitter to founding Lower Carbon, a climate tech firm targeting gigaton-scale decarbonization through fusion and industrial chemistry. His investment thesis prioritizes unit economics and diverse teams, while his management philosophy enforces rigorous hiring standards and conflict resolution techniques to avoid the pitfalls of sudden wealth. Saka further leverages the firm to support HBCUs and challenges industry norms by advocating for solar radiation management as a necessary emergency measure alongside long-term clean energy transitions.