I'm a strategist, entrepreneur and investor in growth, innovation, and projects that matter. Looking to connect with others seeking to make a difference.
Peter Thiel: “It’s always a big mistake going after a giant market on day 1... Almost all of the successful companies in Silicon Valley had some model of starting with small markets and expanding.
What’s very counterintuitive about many of these companies is that they often start with markets so small that most people don’t think they’re valuable at all.
You want to be a one-of-a-kind company where it’s the only one in a small ecosystem… large existing markets typically mean you have tons of competition and it’s very hard to differentiate.”
Start with focusing on a small market and dominate that market first. Then expand concentrically from there.
NEW: UK government unveils plan to direct £75bn from pension funds to startups.
Hunt has nine of the UK's biggest private pension schemes already signed up.
https://t.co/5fke5hOoZp
if I asked you about startups, you'd probably give me the skinny on about every book and blog post ever written. paul graham. you know a lot about him. essays. y combinator. hacker news. his vision. his investments. the whole works, right?...
DEEPTECH FUNDRAISING PLAYBOOK
This is not the time to run a shabby process. @MSeqVC's @AlezeiaB has some ideas to get that round closed ...
...pronto.
👇
I was at Amzn early '00s when we lost 95% of our market cap. Later at FB I negotiated a down-round in '09, and then in '12 our stock dropped 50% post-IPO. I was on the board of a public company that went bankrupt (Borders) and a start-up that went under (Hello). Some lessons:
It took me 15+ years to finally understand a VC's "portfolio construction" and how it affects their decision to invest. Founders, here's what you need to know.
Warning: this is 400+ grad level stuff. Scroll to the end if you just want the TLDR.
"Build audience before product" — But how do you do it?
Here's my take on how to do it using a mix of marketing & writing, based on 4 years of growing my own startups.
On Tuesday with @kidsandprose, Disability Rights activist @judithheumann and @kristenjoiner present ROLLING WARRIOR, the young readers' edition of Heumann's memoir (Ages 12+) https://t.co/gTPPGqqxFs
Founder 1: Runs startup for five years. Sells for ~$100M. Makes $30M.
Founder 2: Running startup for ten years (and counting). Valued at ~$1B. Founder shares valued at $30M.
Which founder would you rather be?
/🧵
An analysis of over 3,700 AngelList seed deals revealed that seed-stage startups have a 50% chance of making it to Series A—regardless of whether or not they have a top VC involved in their seed round.
https://t.co/cXGpLJa74g
1/ The first 18 months of a startup:
After starting my 2nd company in 2019, I decided I would write down useful lessons I learned or re-learned along the way. Some were hard-earned & others required steady focus. A thread that I hope may help other founders starting out 👇