What does great mean?

By rickColosimo / February 17, 2020 / Comments Off on What does great mean?

Remember that there’s a difference between a great product, a great company, a great business, and a great investment. Depending on who you are and where you’re sitting at the table, you will need a different one of these at different times in your life. Inexperienced investors most commonly confuse the first two with the…

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DDA means use *detailed* data

By rickColosimo / February 17, 2020 / Comments Off on DDA means use *detailed* data

I wrote this tweet in 2013, after seeing the McKinsey article on digging into details. Disaggregate data – take per-segment => per-customer analysis. @McKinsey catches up with @maprinci circa 2007 http://t.co/vi4bsVbCdS — rickcolosimo (@rickcolosimo) December 5, 2013 The world has been moving to big data, and at the same time executives keep trying to abstract…

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AI Review Isn't Enough

By rickColosimo / March 13, 2018 / Comments Off on AI Review Isn't Enough

I just read Ken Adam’s post on AI review of legal documents. In the case of services that offer contract templates, if I don’t know who prepared a template, I’m not going to trust it. Even if I do know, I’ll be skeptical unless given good reason not to be. I had this exact comment…

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Yes, you need a business plan

By rickColosimo / February 7, 2017 / Comments Off on Yes, you need a business plan

Every now and then someone who has an idea for a company or a product will ask me, “Do I really need a business plan?” I guess they read about seemingly ethereal companies raising huge equity rounds at mind-boggling valuations and believe the sizzle of “no business plan.” If you don’t have a business plan…

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