Thursday, September 24, 2009

Intuition Tokyo Line .

Investing with intuition(?)

It was Patrick Maloney of the Lemelson Foundation who suggested to me that vetting high-risk, early-stage efforts is really about pattern recognition. He explained that you get really good at recognizing one “pattern” that works—one type of team or approach that is likely to succeed. But recognizing one pattern doesn’t mean that you’re good at catching all of the good ideas. You end up missing a lot of things that might succeed, because you’re really good at seeing the single type of pattern you know. As Maloney explained to me, “You may get good at picking grants that work, but you’ll never be great at picking what won’t work, because you don’t know what other types of things, outside your pattern, will succeed.”

And this is where the power of networks comes into the picture.

This really reminds me of conversations I used to have in university with Eric Chang... so, in light of that, here is an abbreviated trip to Japan montage!

While the cats away...

This was taken not even a year ago. Krispy Kreme. The clock tower in the background shows it's after 10:30, pm obviously... Enormous line-up outside... unbelievable.

The next day...

Dad gets his pores checked out.

These may be slightly out of order...

Video from a Tokyo mall!

Does it fold? It almost folded!

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