This is my one-hundred-eighty-second weekly reflection. Here are my takeaways from this week:

• Valuation – I spent time enhancing my investing framework. Valuation is part of that framework. Traditional valuation approaches don’t make sense for some business models or companies. Digging into the data, using common sense, and applying a valuation approach tailored to the situation more accurately captures their value. In fact, doing so can uncover value that others are overlooking (or don’t understand).
• IPOs – Arm Holdings, Instacart, and Klaviyo have completed their public offerings. Time will tell how receptive public markets are to these companies. Recently, I dug deeper into a few IPOs and the liquidity they generated for the early-stage venture capital firms that backed them.
• Solopreneurs – I chatted with a few solopreneurs recently. Anecdotally, more people are wanting control of their professional trajectory and their time and are considering solopreneurship.

Week one hundred eighty-two was another week of learning. Looking forward to next week!