🇮🇹💰We’re excited to announce our second partner for Founders Factory Italy—@mediobanca, Italy’s largest investment bank. Together, we’ll build, fund, and scale fintech startups in Italy.
Find out more about the partnership 👇
⭐️11 businesses spun out of our Venture Studio
⭐️10 more invested in via our Accelerator
⭐️4 new programmes launched
⭐️2 new locations established
2023’s got off to a flying start at Founders Factory. Here are the highlights so far 🧵
@adsinuk@alexfmac Options/warrants (unless paid for with a premium) are just that - no downside optionality. With a SAFE even with a conversion on exit clause (which they all have, just not exclusively so) is the startup gets the money to spend
I see a lot of takes on here about the individuals at SVB. You know, SVB was caught in a series of very unusual events. And it’s not a monolith. It is a collection of individuals likely doing their best to do their best given limited prisms. If you somehow think you would have /1
Final special shoutout (I know I'll miss people) to a small number of folks in the community who I know were pushing Govt all weekend and suffered through many anxious calls. @matthewclifford@ccrosswell@brenthoberman@cape. You're all heroes.
I follow a lot of people on Twitter in other fields who I respect. But then I hear their takes on tech, SVB, and bail outs and it puts me in mind of Gell-Mann Amnesia.