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The PGA Tour purchased TPC Sawgrass for just $1 (but ended up making billions).
Today's newsletter includes a detailed account of how the PGA Tour turned a $1 land purchase into a network of more than 30 golf clubs worldwide, generating $150 million in annual revenue.
This is fascinating even if you don't like golf.
CFOs used to just look backwards. Then we learned to look forward.
Now, we have to operate. The best CFOs today move between high-level strategy and ground-level execution—like a dolphin diving above and below the surface.
Coming in a little hot here…
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Interesting that Trump’s team isn’t polling Musk’s favorability or job approval. Are they just relying on public polls and already know he’s underwater? Or does Musk’s popularity (or lack thereof) not factor into their thinking about whether to keep him around?
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A16Z average deal size >2x the average Accel deal size.
Starting to see some interesting comparisons from the Fund Codex.
Literally just last night I had to tell my 6th grade daughter "nothing, nothing, absolutely nothing good has ever come from trying to sort out conflict via group text"
the written word and documentation of everything is so easily weaponized. I could NEVER be a tween today.