Bamboo #3 is coming soon!
Thrilled to transition this beautiful building designed by @synecdochedesig into community space, and to join an already vibrant entrepreneurship & innovation community in Ann Arbor.
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@BenMillerise Last comment: value-add aside, my main view is that far too many funds that do not have any unique insights, which can often be developed by having some type of industry / segment / category expertise. That might have been ok during an all-time bull market...
@BenMillerise Two non-public examples: 1) Insur / proptech startup in my area took a check from a VC background and helped broker a massive customer deal with an LP.
2) A former colleague partnered with a VC who helped setup a long term exclusive deal with an entire customer segment.
@BenMillerise Yep, but still should be more value-add than the additional cost--otherwise why take the deal.
I think this works mostly in moderately aggregated industries. Too much aggregation (e.g. auto) = slow / territorial- LPs. Too little aggregation (e.g. fine dining) = not enough LPs.
@BenMillerise Example: Bringing customers onto your cap table can be an incredibly strong moat, but is complicated. RET / Fifth Wall rolled up most of the largest multifamily operators in the U.S. as LPs and then backed Smart Rent from early stage to unicorn in four years.
@BenMillerise When possible, totally agree. The value prop has to be tremendous otherwise do the math on CAC and get to work. But if you are raising anyway, it can be extremely beneficial to pick the right backer.
It's grow time! Bamboo coming to Royal Oak in 2020. Like any good entrepreneurship story, many bumps along the way but the @BambooDetroit team never gave up.
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Over a year in the making, today is a huge day for businesses throughout Southeast Michigan that rely on connectivity to thrive and grow. @sprintbusiness and @RocketFiber teaming up to make bring faster, friendlier internet to the entire region. https://t.co/Xe1nwDSLXY
Explore the studio space.
@RocketFiber is the official internet and network services partner for the Pistons and the new state-of-the-art Henry Ford Detroit Pistons Performance Center. Join us for quick look.
Unbelievably excited to announce our partnership with the @DetroitPistons! So glad to have them back home in Detroit with their new headquarters in New Center powered by @RocketFiber https://t.co/WqAfamWcSz
Being headquartered in downtown Detroit provides so many opportunities to grow. Whether it's running a successful business or building a career, the key is to listen and be willing to adapt. #Growth#WorkingInDetroit#ITJobs#ITCareers