6 Lessons on the Perils of Quick Advice
How getting quick advice before investing can deeply misguide you
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6 Lessons on the Perils of Quick Advice
Welcome back, and happy 4th of July! I came to the US at 11 and I’m so thankful to be in the US writing to you today.
I get a a ton of inbound questions through direct messages similar to the following:
“Hey is a 50/50 split market?”
“Isn’t charging a 3% acquisition fee ridiculous?”
“Are 5 exited deals with a 15% IRR a strong track record?”
I initially took the time to answer these questions, but today I’ll explain why I’ve changed my mind (and think you should too) through 6 case studies.
If you’re an LP, this will illustrate the complexity of investment decisions and pin point areas where you have to be particularly careful to mitigate losing your savings.
If you’re a GP, I hope this article will touch on what LPs might be sensitive to and thereby improve how you communicate your investment thesis.
Let’s dive in: