Stefan Theard
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The mind loves to take credit

I hate making stupid mistakes. Stupid is a judgement. Mistake is a judgement. Hate is a judgement. If I make the statement that I hate making stupid mistakes. If I question that statement internally and see the judgements. If I think "but I've gotten results! I'

By Stefan Theard 01 Apr 2026
The Mirage of Ethical Non-Prime Lending

The Mirage of Ethical Non-Prime Lending

Think of the highest interest Annual Percentage Rate (APR) you’ve ever heard of for any type of debt. Double it. Where did you land? I think for most you’ll be looking at somewhere in the range of 80% APR, maybe 100% APR. Those rates are astronomically high but

By Stefan Theard 20 Dec 2024
Low Variance, High Variance

Low Variance, High Variance

In 2009, I was a 17-year-old middle-school dropout struggling with depression and playing a lot of World of Warcraft. I lived in a 500-square-foot single-bedroom apartment with my younger brother and mom. In our dining room, we had two futon couches that converted into

By Stefan Theard 24 Jul 2024
Silicon Valley’s Best Kept Secret: Founder Liquidity

Silicon Valley’s Best Kept Secret: Founder Liquidity

Ask most venture-backed founders why they get 10x more equity than employee #1, 100x more equity than employee #5, and 1000x more equity than employee #15, and you'll get the same answer: "I'M TAKING SO MUCH RISK, IT'S SO HARD TO START

By Stefan Theard 09 Jun 2024

Stefan Theard

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