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NOTE 26 October 2026

Investors Talking Their Book

VC takes are usually the portfolio talking. Most of the people reading them don't make the connection.

Investors and VC personalities love to post takes that are really their book. They talk like everyone knows that’s what they’re doing, so it’s fine. But the reality is the vast majority of people who follow them won’t make the connection that what they say is largely what they’re invested in. I think that’s an abuse of power and voice.

VCs make their money by hitting home runs. It’s literally how they generate returns.

Harry Stebbings, for example, has gone absolutely nuts on this kind of shock tactic posting, and I find it exhausting to consume. People will engage with you, even if negatively, if you be a twat online. So more people are soft incentivised to be twats online.

A
Adam Williams
obsessed with SaaS, software & technology