Kogito Ventures

Early Stage VC fund co-investing with Business Angels. Run by @wniesyto and @lukobuchowicz

[Kogito Ventures @KogitoVC]

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

[Peter Walker @PeterJ_Walker]

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.

[Mark Suster @msuster]

Some reflections on the past few years in startups & venture capital. And what the road ahead may feel like.
https://t.co/5doHYt6phN

[Kogito Ventures @KogitoVC]

@Grupa_PFR @BlogiBossaPL @Jim_Edwards @M_PaulMcNamara @Market1Capital @sunfishpartners @innovationnest @smokvc Sisu to nasz nowy skaut. Wysłaliśmy go na szkolenie do USA. Mamy informacje, że szkolenie idzie dobrze. Ale jak widać trochę wymknęło się spod kontroli.

[Kogito Ventures @KogitoVC]

@TwilioStartups @twilio Thanks @TwilioStartups 🤝

[Kogito Ventures @KogitoVC]

„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

[Kogito Ventures @KogitoVC]

A peek into the future of marketplaces

[Dan Hockenmaier @danhockenmaier]

“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 🧵👇

[Leo Polovets @lpolovets]

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.

[Kogito Ventures @KogitoVC]

Investor updates. Thanks for sharing!

[Ankur Nagpal @ankurnagpal]

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

[Kogito Ventures @KogitoVC]

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

[Kogito Ventures @KogitoVC]

In the race to scale, be careful not to sell products for less than their variable costs https://t.co/lmkWsMN7Pu

[Kogito Ventures @KogitoVC]

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

[Kogito Ventures @KogitoVC]

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

[Patrick OShaughnessy @patrick_oshag]

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

[Kogito Ventures @KogitoVC]

Founders beware

[Fred Destin @fdestin]

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

[Kogito Ventures @KogitoVC]

Great stuff!

[Arvid Kahl @arvidkahl]

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

[Kogito Ventures @KogitoVC]

We can't wait for the game premiere on Sept 24th. Get on the Steam wishlist here https://t.co/eMe6EjkG42

[Kogito Ventures @KogitoVC]

"...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

[Kogito Ventures @KogitoVC]

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

[Kogito Ventures @KogitoVC]

https://t.co/Gi4N3ler4T

[Kogito Ventures @KogitoVC]

Must read

[Chamath Palihapitiya @chamath]

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

[Kogito Ventures @KogitoVC]

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