Investment rounds are like tenses.
Seed is future indefinite: We will test this.
Series A is present cont.: We are shipping this product.
Series B+: We have been shipping this product for X years.
To succeed one has to move from selling future to selling present.
#vc#humour
I appreciate the candidness of some founders:
- May I have access to the demo account?
- Sure! Any preferences for login or password?
- I’d rather set the password myself.
- You know, we have admin access anyway.
@JWVerret It's hardly a surprise. Our wallets alone contain way more data than any cookie. I even assume that Uni is just transparent about it and all other companies do it without disclosure.
The killer feature of most fintech startups is ditching the regulation. Sometimes this feature kills the startup. FTX is a stellar example
#FTXbankruptcy
This chart illustrates how businesses manage ad spend in the face of recessions.
In 2009, the global economic pullback was just -0.7%.
But Advertising Spend dropped a whopping 10.1%.