Alex Bangash

Founder backing founders for companies, studios, and platforms.

[Alex Bangash @AlexBangash]

First-time founders focus on product

Second-time founders focus on distribution

Lifetime founders focus on the mission

[Alex Bangash @AlexBangash]

Gratitude is the single biggest indicator of integrity.

[Alex Bangash @AlexBangash]

@crunchbase A unicorn is surely a company that returns $B to its investors.
A unicorn may also be a company that gets to a $B in high-quality, high-margin revenue
But it's definitely not a capital-consumptive company that someone overpaid for with a $B pricetag.

[Keith Rabois @rabois]

All founders should read this book.

[Alex Bangash @AlexBangash]

@chamath Number of startups invested in:

[Alex Bangash @AlexBangash]

@matthewclifford We live in a transparent world. Their LPs will be the first to know.

[Alex Bangash @AlexBangash]

@fdestin @Samirkaji @efounders @tiboel STUDIO = VERY HARD lots of fakes studios. efounders are great in SaaS. @Merantix with @rasmusrothe @AdrianLocher are great in ML.

[Alex Bangash @AlexBangash]

Early Stage VC is 100% power-law so

Diversification of returns matters less.
Individual investments have capped downside /exponential upside

Late-stage VC is increasingly a normal distribution w significant downside & capped upside

So diversification of returns matters

[The Twenty Minute VC @twentyminutevc]

Hear @SamirKaul1 discuss dangers of conservatism in venture & importance of upside maximisation & not selling winners too early. As LPs @Beezer232 @MKRocks @AlexBangash how important is diversification of distributions vs pure cash on cash returns? https://t.co/5NZwokDHXI #vc #lp

[Alex Bangash @AlexBangash]

@zachperret Same in Norway :-)

[Alex Bangash @AlexBangash]

@satyap @zachperret @homebrew Limited Partners end up paying the fees when the fund pays and, in most cases when the company pays because it comes from the financing.

[Alex Bangash @AlexBangash]

There is no credential for independent thinking

https://t.co/6QYbqcuVAm

[Alex Bangash @AlexBangash]

@arampell Click bait

[Alex Bangash @AlexBangash]

Sometimes it is the very VCs no LP can imagine anything of who produce the returns that no LP can imagine.

[Alex Bangash @AlexBangash]

@vladciurca I have interest only in the craziest most ambitious ideas, irrespective of geography, which the herd isn't willing to back.

[Alex Bangash @AlexBangash]

In my first 12 years as an LP, I backed founders that backed founders.
Now I simply back founders building

Studios
Platforms
API-based funds

[Alex Bangash @AlexBangash]

@vladciurca EF, YC, SaaStr

[Alex Bangash @AlexBangash]

@KenHowery @usembassysweden Congratulations Ken

[Alex Bangash @AlexBangash]

@jasonlk So true. That's why great founders should continue to be founders of studios and platforms.

[Alex Bangash @AlexBangash]

Smart VC managers stick to past models like AOL, Blockbuster, Kodak.
Squeezing every last dollar until they fall by the wayside
Four Reasons why good VCs fail
- Generational Issues
- Their networks atrophy
- They raise too much money
- The game changes; they get DISRUPTED