Hello, I'm Nicolas Bustamante

I was born and raised in Paris, and I now live in San Francisco. I briefly studied at the Ecole Normale SupΓ©rieure and UC Berkeley before dropping out at 21 to start a company.

I founded Doctrine, a legal information platform that makes the law accessible and understandable for lawyers. Our goal is to improve the legal system by organizing the world's legal information. We think that humanity will create more wealth thanks to a more efficient legal system. As the CEO of Doctrine, I contributed to hiring 184 people, securing tens of millions of dollars in debt and equity funding, and building a fast-growing, profitable B2B SaaS startup. I now work as a chairman on strategy, finance, M&A, and whatever challenges my friend and CEO, Guillaume, needs me for. If you live in Europe, you should consider joining Doctrine, a rare, profitable, high-impact, fast-growing startup.

I want to build multi-decade businesses with long-term people. I'm working to level up our legal and financial systems to modern standards. Upgrading the operating system of our society will unlock trillion of wealth to push humanity forward.

Interests

I enjoy building companies to achieve societal goals. I like selecting the team, fostering strong company culture, scaling the organization, talking to customers, developing a product, and allocating capital. I have expertise in scaling B2B companies, and I love to talk with other founders about org charts, distribution channels, competitive moats, positioning, pricing, sales strategies, ideal metrics (CAC/LTV, ARR/FTE, NDR)...

I'm a big proponent of value investing, and I read every book about Warren Buffet, Charlie Munger, Benjamin Graham, or Mark Leonard. I love the combination of patience, skepticism, contrarianism with aggressiveness when the right time comes. I see no better investing style than buying an asset for less than its intrinsic value and hold it for the long term.

I aspire to be a better person. A bunch of adverse events in 2020 made me think about happiness and the meaning of life. I'm today more proactive and intentional when it comes to personal development and building meaningful relationships.

Essays

Startup
The Intelligent CEO πŸ”₯

Incentive and Skin in the Game πŸ”₯

The Power of the OKR Framework

Surviving Capitalism with Competitive Moats πŸ”₯

Facing the Innovator's Dilemma πŸ”₯

How to Reinvest Earnings πŸ”₯

How Much Leverage?

How to Buy Back Shares

The Dichotomy of Leadership

Leadership Lessons Learned in Combat πŸ”₯

Marine Corps Warfighting: the Best Book about Culture

Investment
How to Invest to Develop Wealth πŸ”₯

Should I Give my Savings to a Banker? πŸ”₯

How to Beat the Market πŸ”₯

Putting your Reputation at Risk πŸ”₯

Value versus Growth Investing

How to Survive Inflation

How to Calculate the Intrinsic Value

Philosophy
Compounding with Long Term People

The Impact of the Highly Improbable πŸ”₯

The Last Man Standing

Physical Minimalism πŸ”₯

Digital Minimalism

Margin of Safety

Crypto
Uniswap or the Rise of Decentralized Crypto Exchange

Money and Credit Manipulation? Ask Ludwig von Mises! πŸ”₯

Reach out