Data: 178: Number of days the average SMB owner believes it will take for their local economies to recover from the pandemic. https://t.co/EuuDDUHZVB via @pymnts
I 💛 startups that have strong social missions. The obvious reason is that I like working on meaningful things, but the meta reason is that most people feel the same way. A 💯 mission helps compete for funding, PR, job candidates, etc.
A great mission is a competitive advantage.
Six years ago, we launched with a simple mission: to democratize creation for the web.
Today, that mission gets a huge helping hand in the form of a $72M Series A led by @Accel, @SilversmithCap, and more!
https://t.co/3bRb0YORlC
@jasonlk We just watched one of your videos on @TWistartups and it’s incredible! Thank you so much for all the work you’re doing for the startup community!
It's been an incredible experience working with this group of angels over the past year. I'm of course biased, but I think there's something special going on here 💯
More about @firstround's Angel Track program in this piece by @JoshConstine@TechCrunch
https://t.co/CdDOaUYrDQ
Those that invested super early believed in you
Those that invested later believed in your company
Those that invested much later believed in your market
Releasing a report next week, but chew on this:
As of April 2019 952 US venture funds are currently in market "raising" (Preqin data)
April 2012 - 162
April 2015 - 347
The Matrix was made in Australia because the budget came in 1/3d of Hollywood ($60M V $180M)
20 years later, same exact ratio for startups outside and inside of SF
Tldr: Behind every great consumer company is a number of SaaS partners who power internal and customer-facing operations.
Twilio, Zoom, Zendesk are examples of companies that have supported companies like Airbnb, Lyft, Uber as they’ve scaled from startups to big accounts! 📈
Pitch deck team slides often say things like "our team has a combined 35 years of sw engineering experience." IMHO that conveys zero information. Is that one person with 34 years experience & 6 people w/2 months each? 7 people in their mid-20s? Also, why does the total matter? 🤔
@devonzuegel Or even better, what might it mutate into? What fabulous thing is this the initial form of? That's usually a question I try to answer the first time I meet a YC startup. I only get an answer half the time, but the answers are sometimes really surprising.