dear lord, please give me the confidence of a 25 year old “venture capitalist” with Twitter Blue & zero exits who just released “23 unstoppable trends that will change your world forever, a 🧵”
I was let go by Sequoia Capital today. Buck had to stop somewhere. I was the 27 year old associate responsible for copying and pasting revenue and profit numbers from a spreadsheet in the FTX data room into a PowerPoint slide in an investment memo as diligence
★ The @remix_run team has joined Shopify!
Win-win as we put the power of Shopify behind #Remix allowing them to accelerate their roadmap & focus on pushing the web forward & they will help deliver next-generation web experiences for our merchants & devs.
https://t.co/4QNposh5TM
The main reason late-stage funds like Tiger and Coatue are eating traditional VCs' lunch is that they're faster.
Speed is probably the number one difference between what founders think is important in VCs, and what VCs think is important in VCs.
Remember when VCs would invest outside Silicon Valley only if startups agreed to move to the Bay Area?
Remember when US VCs would invest in European and Israeli startups only if they “flipped” to a Delaware corporation?
How times have changed
Google Calendar has trained me to think that a Google Meet link on the invite is probably a mistake.
That one decision has completely ruined the GMeet brand.
Doing bad/dark UI patterns to pump up usage numbers might be good short term but an awful long term decision.
Excited to announce @GreenlightCard's Series D led by @a16z, doubling its value to $2.3B, along with a behind the scenes peek of why we backed Tim and Johnson at the seed stage 👏 Congratulations to the entire team!
https://t.co/vQf9dWK2K3
One of my portfolio companies was struggling
I knew it
The founder knew it
The market knew it
It was time to dig in. I rolled up my sleeves.
I gave him one tip - just one:
Growth
That was years ago
Today? That company is the largest cloud computing provider in the world.
Demo days are basically drops. How far off are we from turning pre seed/seed investment into a lottery system? Imagine the reseller market secondaries 🥶🤭 sheeesh