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  "documentTitle": "Not Boring Capital Fund II Memo Newsletter",
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  "notes": "The slide uses the 'Good Strategy/Bad Strategy' framework (Diagnosis, Guiding Policy, Coherent Actions).",
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      "text": "Write about the spaces I want to invest in: sends out a bat signal and does upfront diligence on the space.",
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      "text": "The third part of the diagnosis is that without the newsletter, I would be a very average venture investor at best. I probably wouldn't be doing this. I would see fewer deals, spend less time thinking deeply enough about companies and markets to put my thoughts out there, and win few allocations in more competitive deals. No Not Boring, no Not Boring Capital.",
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      "text": "I want to put particular emphasis on the great companies piece here. Seeing and investing in as many great companies as possible does not mean investing in as many companies as possible. It doesn't mean investing in everything. I say no a lot more than I say yes. If I invested in every company, even every \"credible\" company, it would mean less when I did invest. But since we invest in companies across stage, vertical, and geography, we can say yes to a lot of companies while keeping the bar high.",
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      "text": "All of those inputs combine into a guiding policy for Not Boring Capital: set Not Boring Capital up to see and invest in as many great companies as possible by increasing high-quality dealflow and time spent with companies while protecting time to write.",
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      "text": "The diagnosis and guiding policy are interesting to write about, but the rubber hits the road in the coherent actions, the actual things we do to execute on the strategy. For Not Boring Capital, the coherent actions I use to carry out the guiding policy need to involve trade-offs and take advantage of my comparative advantage. I can't be the best at everything, so I need to focus on areas where I have the most leverage and de-emphasize areas where I don't. Specifically, that means more time writing and talking to founders, and less time doing diligence and in-person coffee chats. Here are a few of the actions:",
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      "kind": "paragraph",
      "text": "threat to lead and is a friend to all, we get to piggyback on all of that work for free, which saves time and lets us meet with, invest in, and write about more companies.",
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