Small TAM tweet: one of the most important things you can do as an investor / board member is give a founder/CEO confidence.
It’s great to ask questions + give feedback. But always remember you are trying to help someone climb a mountain. “You got this” can be very powerful at challenging moments…🤞
For new managers, don’t be cavalier when speaking about “expected performance” I see too many managers throw out 3-5X like it’s nothing. 3X+ net is top decile in nearly every vintage year in history (in most cases, it’s upper, upper top decile). possible but hard.
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Can't shake this thought...
The big Fortune 500 companies already HAVE all the people AND ideas they need.
What they don't are tools, processes, & incentives to help their entrepreneurial people thrive.
Why? Because they’re optimised for management not innovation.
[THREAD] As a systematic public market investor, #VentureCapital was an asset class that felt opaque to me based on only my limited exposure of #AngelInvesting & my friends in the industry. In this article, I set the context for Unpacking Alpha in Venture Capital.
The analysis on "The Journey to Series A in Europe" with @dealroomco and @atomico is out!
@mishmashkautsan explains the data-driven benchmarks for founders looking to raise their Seed - how much to raise, for how long, and from whom?
https://t.co/C3ftxXpkNW
Following last year's report, we’re proud to launch our next study - Diversity in UK Venture Capital. We hope to shed light on the educational background, career pathways and ethnicity composition of those in the UK VC. Please complete our 2 min survey! https://t.co/i0dsht3Z1q
valuable data driven insights on the European venture opportunity
"All of these data points indicate an interesting and valuable market to invest in, regardless of the reputation Europe had developed during the last 15 years as a difficult market to make venture returns."
The Top Tier team is excited to continue to increase presence in #Europe by opening an office in #London! For details, see our new #blog post! #VentureCapital#openLP https://t.co/S1kA4xGkaE
The top five tech exits of 2018 (so far...):
🇸🇪 Spotify - $30bn (IPO)
🇮🇳 Flipkart - $20bn (Walmart)
🇳🇱 Adyen - $17bn (IPO)
🇺🇸 Dropbox - $12bn (IPO)
🇨🇳 https://t.co/PQnQIe01MB - $9.5bn (Ali Baba)
We've entered the global age of startups.
5/ Those are my takeaways from Hinman's watershed commentary yesterday. I look forward to #crypto going back to the magic of magic internet money: minting an asset over time directly in exchange for human or machine *work,* largely prioritizing labor over capital.