4 Matching Annotations
  1. Mar 2023
  2. Jun 2022
    1. One of my favorite rules of thumb is to “Only start projects that are already 80percent done.” That might seem like a paradox, but committing to finishprojects only when I’ve already done most of the work to capture, organize,and distill the relevant material means I never run the risk of startingsomething I can’t finish.

      This same sort of principle is seen in philanthropy circles where the group already has commitments for a large proportion of the end goal before they even announce the campaign.

      Is there a rule of thumb for this in philanthropy? 50%? What is it called, ie does it have a specific name?

      What relation does it have to the Pareto principle, if any?

  3. Jun 2017
    1. ☛ Risk: The Wikimedia global movement does not improve in cultural, geographic, or demographic diversity, leading to less relevant and lower-quality content for a global audience.

      Nex time Wikimedia ask me for money only, without any attempt to make any real two way communication, I will try to volunteer time to help them with this Risk, particularly showing them diversity in concerns and technology.

  4. Dec 2015
    1. The problem with early stage investing is that markets can never be sized in Excel. If they could be reduced to a formula, we’d all be working at hedge funds. No, the essence of early stage investing is more instinctual.

      you can never size a market in excel