Looking to build your Angel portfolio? See our list of best practices, mental models, checklists and learning resources to avoid burning your wings.
https://t.co/sjg7foCFrc https://t.co/sjg7foCFrc
What founders sell to investors in each venture round.
Generally seeing dilution fall slightly in early stage (or flat from 2022) while rising a bit in later ones.
Primary rounds only, no funny business with extensions/bridges/etc.
„This culture, promoted by fame-craving founders, is not just annoying; it also harms the tech industry, promoting an unrealistic image of average startup founder, scaring away new angel investors and creating no added value or business knowledge” https://t.co/EhifUfB8LI
“Creative intensity” is the rate at which products or services go stale and new ones must be created. It is the key factor in predicting the future of marketplaces.
On the left, the marketplace model will ultimately go extinct. On the right, it will persist.
A thread 🧵👇
One subtlety of startup valuations is they're based on the probability of an eventual huge success, not just extrapolating current traction.
You're not calculating discounted cash flows; you're estimating the likelihood of a startup winning a market & the size of that market.
I'm open sourcing the first 20 investor updates we ever sent at @teachable
Starts from the point we raised money (June '14) until we were past $1M in ARR (December '15)
Mostly uncensored 😬 but hopefully a helpful resource
https://t.co/uRmHbsNANe
To our fellow Polish Angels: „Wiedza o inwestowaniu anielskim jest bardzo rozproszona. Postanowiliśmy ją uporządkować dla samych siebie, a także po to by ułatwić do niej dostęp polskim Aniołom Biznesu.” https://t.co/iW5hsS1hUk
Make sure you check out other episodes of @patrick_oshag podcast, where he extracts so many actionable ideas from world's most successful investors, founders and domain experts that we feel like this podcast should have premium pricing
If you're building a marketplace business and haven't heard this gem of an episode (ok they're all gems tbh), you're missing out. So many useful insights here: specialisation, finding a niche, scaling, unbundling incumbents, loops for increasing marketplace liquidity & quality
My conversation with one of the investors I've learned the most from: @sarahtavel.
- lessons from food delivery wars
- all things marketplace: building, "tipping," and scaling
- social networks
- how to use data inside a business
https://t.co/At9JKR09ZK
Barbarians at the Gate - Venture Edition.
I've asked two leading startup lawyers to help me put together a detailed review of the arsenal of aggressive legal terms that VC's may want to use in a crisis, so founders know what to look out for.
https://t.co/fupxG9k4ze
You can find the online version that inspired me to dive deeper into the material (and which will always remain free) on The Bootstrapped Founder blog.
https://t.co/FSZ8kQv962
"...Games are interactions... We're not giving away facts easily. We want them to be discovered. There is no other medium that allows you to really feel fear or stand face to face with a killer" https://t.co/l7VVxrLmCV
Welcome https://t.co/yNzGJNMbvg in the portfolio! Smart and convenient way to order best nutrition for your dog. Thank you @Piotr_Wawrysiuk for inviting us and our angels to the round, alongside great industry partner @ButternutBox. [article in polish] https://t.co/riLakwksbm
My 2019 Annual Letter is now out:
https://t.co/e5EULzDpJU
Contents:
- Returns
- Trust busting Big Tech
- Intellectual sterilization of new grads
- Product wars and cigarette butts
- Secrets hidden in plain sight
- A comparison to Berkshire Hathaway
Need to go remote in emergency mode? Check out this @remote_how article on what to consider and join a webinar on how to correctly set it up (link at bottom of page). https://t.co/bHgVDcMTbT