John Kells

From global travels to New Zealand venture capital. Global from Day One (GD1)

[John Kells @JohnKells11]

@lukechch Even when you’re smashing it, the cadence of punches won’t end, they’ll just land on different parts of the body…keep thriving mate!

[John Kells @JohnKells11]

@samelliottsam @davidu Accurate

[John Kells @JohnKells11]

@johnhenderson @airtreevc Always, mate! You got me there.
Lol!

[John Kells @JohnKells11]

@StephNass If this can be done in the US: Use the equity in the house to borrow the deposit and the rest of the mortgage to buy a new house. Rent the house out to service the mortgage. Take capital gains for no money down (2x return in 10 yrs). Invest the savings in index funds and crypto.

[John Kells @JohnKells11]

@MZHmmer @dickiebush Crazy good, right?!

[John Kells @JohnKells11]

@jebraat @dickiebush Boom, you take it!

[John Kells @JohnKells11]

@soumikaswad @jasonlk Are you considering an alternative?

[John Kells @JohnKells11]

@carolinecasson_ I think you’re searching in the wrong place. Everyone has a different concept of what work/life balance is - it’s up to you to determine what’s important. Even that’s likely to change over time.

[John Kells @JohnKells11]

@MarioIsmailanji @Product_J @AsiaEconInfo @micahjay1 You make a good point, but it’s the perspective of the VC to determine whether the valn is fair (and can be exited in an orderly fashion at that price). Unfortunately that scenario can’t be tested like listed markets.

[John Kells @JohnKells11]

@gibsonchiang @rrhoover That’s the one - focuses more at the growth stage given the size of their funds.

[John Kells @JohnKells11]

@mobileperret @galeforceVC Don’t think that’s correct. 2.5x prefs mean $250k. Depends also on a whole bunch of other stuff (shareholdings, entry valuation, etc). If they raise, prefs stay prefs (but typically rank below the new prefs that sit on the cap stack).

[John Kells @JohnKells11]

@jasonlk @HarryStebbings Could taking a longer term haircut on VC valuations have an impact of LP staff bonuses? Second guess, LPs could also look at their more stable VC valuations to reduce the volatility of their overall assets (such as pension schemes with listed equities, commodities, etc)?

[John Kells @JohnKells11]

@rrhoover Apart from making smart investment decisions, an important part of being a successful VC is having the ability to sell well - to founders, LPs, service providers, other VCs, etc. if you can’t then it makes your job a whole lot harder.

[John Kells @JohnKells11]

@rrhoover For emerging VCs, consistent and reasonably regular communications (not only focusing on the good stuff) with LPs is critical. If you want them to support you over numerous funds then you can’t cut corners on this.

[John Kells @JohnKells11]

@Samirkaji What on earth were we doing before that?

[John Kells @JohnKells11]

@AshleyHenkel @proetrie Brings back some serious memories (most forgotten) from my 20s working for a hedge fund in London. Now a VC in NZ - completely different life now….

[John Kells @JohnKells11]

@galeforceVC Been both an LP (8 years Pension Scheme) and a now a GP (5 years+ VC).
LP lesson - work hard to communicate and build close, transparent, trusting relationships with your GPs
GP lesson - work hard to communicate and build close, transparent, trusting relationships with your LPs