Salomon Aiach

investing in anything consumer with @ originsvc by day (Prev' @goldmansachs, @meta & @earlybirdVC). Chasing running 🏃🏽‍♂️ PR’s by night. I tweet as I think.

[Salomon Aiach @_salomon_a]

@benln You legend

[Salomon Aiach @_salomon_a]

My favorite January 1st quote

[Salomon Aiach @_salomon_a]

@zachpogrob Let’s go for a run here- I live in paris !
Wrote a whole thesis on the topic

https://t.co/TquhTP2eGd

[Salomon Aiach @_salomon_a]

@robindchnt Thank you for the repost. Glad you liked the article ♥️

[Salomon Aiach @_salomon_a]

@HugoAmsellem is the master at putting amazing list of people to share with the 🌎 and deep dive into topics. He is done it again with this consumer list ! Save it !

[Hugo Amsellem @HugoAmsellem]

Consumer is having an identity crisis.

So, I asked around for the best people investing in consumer tech at pre-seed and compiled:

📜 The (New) Consumer Manifesto
👼 100 angels who truly get consumer
💰 75 VCs actively writing pre-seed checks

1/

[Salomon Aiach @_salomon_a]

The feedback loop in venture capital can be notably extended.

As an early-stage investor, the first 3 to 4 years may not reveal your true effectiveness until your investments begin to blossom.

Yet, on a personal level, you can frequently gauge the influence you exert on the founders you encounter and support.

This week brought two messages that truly touched me.
There's nothing quite as gratifying as receiving heartfelt messages from founders.

Ultimately, as a fund manager, while your limited partners are your stakeholders, the real essence of your work lies in the relationships with the founders you believe in and support.
They are your customers.

[Salomon Aiach @_salomon_a]

It's much easier to make a builder/engineer become a storyteller, than to make a storyteller become a builder.

In pre-seed, back builders. Don't back storytellers.

[Salomon Aiach @_salomon_a]

🎗️🎗️🎗️

[Salomon Aiach @_salomon_a]

There is a nothing quite like the rage of a repeat founder that failed the first time.
They have a revenge to take with themselves.
My favorite kind.

[Salomon Aiach @_salomon_a]

The more regular & on schedule you are with your investor updates; the more likely you are to succeed. It makes you accountable and accountability drives success.

Writing this as I receive @ArielRenous Jan’ update 💪

[Salomon Aiach @_salomon_a]

The key to pre-seed / seed investments is speed.

Speed of access.
Speed of investment decision.
Speed of getting your allocation.
Speed of wiring the money.
Speed of helping founders post investment.

It's funny to watch big corporates wanting - more like trying - to get into early-stage.

My advice: If your organization is incapable of making an investment decision in 24h, outsource early-stage investments to an investment fund by becoming a LP.

[Salomon Aiach @_salomon_a]

Lots of consumer tech investors are starting to look at consumer brick-and-mortar investments that can scale and can have a quick payback period (e.g. coffee shops☕️, wellness studios🧘‍♀️...)

if you crack the payback period in multiple locations, it becomes a CAC / LTV play. Same as a consumer app.

Only remaining question is sizeable exits (1bn+)

[Salomon Aiach @_salomon_a]

@AngelList just published its fund benchmark
not suprising that fundraising for 2021 and 2022 vintages is hard given the IRR vs. high interests rate

[AngelList @AngelList]

Our '24 State of U.S. Early-Stage Venture & Startups report is LIVE.

Explore conclusive insights, like:

- Seed valuations hit '22 peak, from $10M (’20) to $20M ('24)
- DPI-to-TVPI ratio dropped from 16% ('19) to 11% ('24)
- New AngelList Fund Benchmarks

Take a look.👇

[Salomon Aiach @_salomon_a]

Covid AI 😷 has just hit the western world and infected the stock market and the crypto market.
#DeepSeek

[Salomon Aiach @_salomon_a]

Funny how the busiest / most important people reply the fastest.
@Bouazizalex spoke about the mindset of "why push it to later if you can do it now " at 20VC event in Paris last week.
Same mentality. The NOW mentality.

[Salomon Aiach @_salomon_a]

@sama @elonmusk @OpenAI 🍿

[Salomon Aiach @_salomon_a]

Who introduced you is more important than what you have to say.

[Salomon Aiach @_salomon_a]

Facts.

[∩ @zachpogrob]

Letting go of what you've done for years, for what you're meant to do for decades, will be the hardest but most important thing you ever do.

[Salomon Aiach @_salomon_a]

There is a massive discrepancy between who the French institutional LPs think the real players are, and who the actual real players are. Funny to watch.

[Salomon Aiach @_salomon_a]

The number of people running is increasing exponentially.
The number of run clubs is also insanely increasing.
The number of marathon finishers is at an ATH.
Something is happening in that space, that can only be improved by AI and not disrupted.