Erwan Bernard

ex-VC, now building stuff for Founders

[Erwan Bernard @ErwanBd]

@LinkedInHelp My account is stuck in a loop of false-positive restrictions for "automation" (now until April 25). I use NO 3rd-party apps. I followed all support guidelines: deleted all extensions and uninstalled the mobile app. I need a Tier 2 manual review. Please DM me.

[Erwan Bernard @ErwanBd]

Pour tout comprendre sur l'affaire SVB 👇

[Mounir Laggoune @moonlaggoune]

Silicon Valley Bank était LA banque emblématique des startup américaine 🇺🇸

Sa faillite a failli déclencher la prochaine crise financière

Voici ce qu'il faut savoir de la situation (et comment préparer votre patrimoine à la prochaine crise) 👇

[Erwan Bernard @ErwanBd]

100% agree!

[ilan abehassera @ilan]

What a weird time to be in tech 🙃

Literally one year ago, tech companies were synonyms with quick success, easy money, euphoria, work from anywhere with the best salaries, crazy valuations with hardly any revenues.

Today? wow, completely different story 🤯.

[Erwan Bernard @ErwanBd]

For sure Gen AI represents a significant technological advance. But would lots of VCs make money out of it?

There are a few skeptics in the Sillicon Valley.

https://t.co/Xc6lDx3MaR

[Erwan Bernard @ErwanBd]

▶️ Software-as-a-service companies with subscription models have a growth potential and steady cash flow making them good candidates for leverage.

Would love to hear your thoughts on the topic 🙂

[Erwan Bernard @ErwanBd]

Taking listed software companies private is the new cool.

After the $8bn acquisition of Coupa Software by Thoma Bravo in dec 23, Silver Lake and Canadian pension fund bid $12bn for Qualtrics.

https://t.co/LiDlNSbeMr

[Erwan Bernard @ErwanBd]

▶️ For sereral buyout firms, many public tech companies are trading below their fair value estimates. Companies from the BVP NASDAQ Emerging Cloud Index are currently trading at 5.5x (median) vs 14x+ in early 2021.

[Erwan Bernard @ErwanBd]

▶️ Markets are tougher than in 2021 and some shareholders (founders, investors) are becoming increasingly resigned to accept lower offers.
▶️ PE firms are sitting on upward of $2.5 trillion in dry powder. For example, Thoma Bravo adds record $32 billion in new capital.

[Jonathan Abrams @abrams]

Bain Capital Ventures just announced $1.9B in new funds
8VC just announced a $880M fund
Felicis just announced a $825M fund
SignalFire just announced a $900M fund
GGV is raising $2.5B in new funds
Khosla Ventures is raising $3B in new funds
etc.

This is not 2001.

[Erwan Bernard @ErwanBd]

@moonlaggoune Bravo pour la pédagogie ! J'aime bcp tes threads sur les finances perso✌️

[Erwan Bernard @ErwanBd]

@clemnt @threnaudin from https://t.co/ipOXzUEoyj ✌️

[Mark Tluszcz @marktluszcz]

FCF is the best indicator of the health of your company....the old expression "Cash in King" has never been more important. Watch #tech's comeback in 2023...it is being led by FCF. Smart words from @GavinSBaker

[Erwan Bernard @ErwanBd]

Interesting thoughts on ChatGPT and why it matters for SaaS startups by @chrija 👇

https://t.co/xsSug4j9Xy

[Tariq KRIM @tariqkrim]

Nous espérons que ce contenu que nous avons noté va nous servir de matériaux pour réfléchir et créer, avoir des idées.
David Allen, le pape de l'organisation, disait toujours que le cerveau sert à avoir des idées, pas a les garder. Toute l'économie de la productivité ...

[Erwan Bernard @ErwanBd]

La productivité est remise en cause par les nouvelles plateformes d'IA

Thread intéressant de @tariqkrim 👇

[Tariq KRIM @tariqkrim]

1. L’ère numérique nous a exposé à beaucoup plus de contenus que nous ne sommes capables d’absorber.
L'équivalent de 34 GB de données tous les jours. Bonjour l’indigestion cognitive !
(Ou encore l'équivalent de 174 journaux selon le Guardian)
https://t.co/8jCvpJtTY7

[Erwan Bernard @ErwanBd]

@patamiel Selon une enquête (très intéressante btw) de @HarvardBiz sur 900 VCs, le ratio est de ≃1%
https://t.co/SIIUX8FDJ5

[Bill Gurley @bgurley]

3/ Cash is now hard to come by; investors are expecting solid unit economics & earlier profitability. Everything is immediately 5-10X harder. As such, survival is now depedent on hard-core, disciplined, top decile business execution, which no one learned in the past 5 years.

[Erwan Bernard @ErwanBd]

@patamiel @planityofficiel