50 years ago, this year, Neil Armstrong and Buzz Aldrin skillfully flew their lunar module to the surface of the Moon; landing for the first time in the history of our species on the surface of another planet.
Their 13 minutes of final descent were riddled with hazard. The astronauts wrestled with communication problems, navigation errors, computer failures, the limits of fragile technology and dwindling fuel reserves. The mission constantly teetered on the brink of failure but ultimately victory was snatched from the jaws of what looked like certain defeat.
This all sounds a lot like building a start-up!
This week we hosted our 7th Annual CEO / LP event in Brooklyn and, in the spirit of the narrative above, were joined by Professor Kevin Fong, OBE. This summer Professor Fong published “13 minutes to the Moon” and became the BBC World Service’s most successful podcast ever, with over 5 million downloads. Professor Fong unpacked those final 13 minutes of the descent to the audience of CEOs and LPs to examine how a vast army of people (whose average age was 27), paired with state-of-the-art technology, took the impossible and brought it into being.
We like to invest early and are more often than not the first institutional capital into a business investing pre-revenue 70% of the time.
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