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shared by Jas P on 10 Nov 12 - No Cached

shared by Jas P on 14 Mar 13 - Cached

The spacing effect is "one of the most remarkable phenomena to emerge from laboratory research on learning,"
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The problem of forgetting might not torment us so much if we could only convince ourselves that remembering isn't important. Perhaps the things we learn — words, dates, formulas, historical and biographical details — don't really matter. Facts can be looked up. That's what the Internet is for. When it comes to learning, what really matters is how things fit together. We master the stories, the schemas, the frameworks, the paradigms; we rehearse the lingo; we swim in the episteme.
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"The people who criticize memorization — how happy would they be to spell out every letter of every word they read?"
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"To this day," Bjork says, "most people think about forgetting as decay, that memories are like footprints in the sand that gradually fade away. But that has been disproved by a lot of research. The memory appears to be gone because you can't recall it, but we can prove that it's still there. For instance, you can still recognize a 'forgotten' item in a group. Yes, without continued use, things become inaccessible. But they are not gone."
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shared by Jas P on 18 Mar 13 - No Cached

Ideas are infinite, and in the absence of competent execution, they are worth nothing. Nada. Zip. Zero. Conversely, money in pursuit of outsized returns is plentiful. Thus, if both ideas and money are abundant, what is the scarce constraint in the fundraising equation?
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Skilled entrepreneurs bring ideas and money together by building a bridge of trust.
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Unless an investor specifically asks you to educate them regarding your space, focus your pitch on why you and your team are uniquely qualified to exploit the opportunity and turn the idea into a lucrative, self-sustaining business.
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No matter how much trust an entrepreneur builds during our interactions, I always verify the veracity of their claims and prior accomplishments by speaking to people with whom they previously worked. Confirmation from people whom the entrepreneur did not cite as a reference is vital.
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No B.S. – A firm handshake, coupled with direct eye contact, was often the only contract underlying a Grubstake deal. As such, communication had to be clear, open and direct. I have no interest partnering with an entrepreneur who only communicates positive information, while obfuscating negative issues. As such, part of our diligence process includes assessing how clearly and honestly the entrepreneur communicates.
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shared by Jas P on 22 Oct 12 - No Cached

Your Idea Already Exists: There are very few truly new ideas. Most ideas are an improvement or a different take on an existing idea. Regardless of how much is new, the chances are that if you have thought of it, others have as well.
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Being New Can Be a Problem: If you have a truly new idea, you are in many ways at a disadvantage. Being first to market means you have to educate consumers, and that can be expensive.
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The Value Is Not in the Idea: The competitive landscape is very different than it was 30 years ago, back when ideas had some merit on their own. Now, there are so many businesses out there, and so much information, that an idea by itself is worth zero.
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