DeepValueETH

NYC Born & Raised🗽| Gaming & Interactive Media 🕹| #BlackbirdBreakfastClub 🚀

[Gavin O’Hara, CFA @ohara76]

I'm officially addicted to FLY – the rewards points for @blackbird, a new restaurant loyalty app. Founded by @benleventhal, previously of @resy , Blackbird is set to revolutionize how we experience dining out.

[Ben Lang @benln]

Founder mode one pager:

[tyler hogge @thogge]

Wealthfront is a monster business.

-$200m revenue
-$89m EBITDA
-profitable for 6 quarters
-on track to double!

Almost certainly worth much more than the $1.4b it was almost acquired for.

Hat tip @dkf @arachleff @wauckward @danielcarroll @adamnash

[Andrew Yeung @andruyeung]

A list of NYC's most exquisite bars and lounges:

(Impress someone by taking them here)

• Le Bain
• Bo Peep
• Nubeluz
• Rose Bar
• Westlight
• Peekaboo
• Chapel Bar
• Swan Room
• The Campbell
• CloudM Bowery
• Raines Law Room
• The Panorama Room
• The Roof at PUBLIC Hotel
• Lillie’s Victorian Establishment
• The Bar Room at The Beekman Hotel

[ValueAnalyst @ValueAnalyst1]

Peter Thiel on Elon Musk 🔊

“You know, when Elon was building both Tesla and SpaceX in the 2000s, people thought he was just really, really crazy. I think even those of us who had worked with him at PayPal, I mean, there’s this PayPal book that David Sacks and I thought of writing, and the Elon chapter was titled something like, “The Man Who Knew Nothing About Risk.” There are all these crazy Elon stories I could tell... If one of the two companies had succeeded, you would say, “Well, maybe he still got really lucky,” but when two out of two companies that people thought were completely harebrained in the 2000s, when they both succeed, man, you have to somehow reassess it, and somehow, the rest of us, somehow, are too risk averse, or there’s something about risk he knows that we don’t, or something like this.”

[Los Angeles Lakers @Lakers]

Reppin’ LA

[Adrian Wojnarowski @wojespn]

Free agent F OG Anunoby intends to sign a five-year, $212.5 million contract to return to the New York Knicks, sources tell ESPN. Deal will include a player option and a trade kicker.

[DeepValueETH @deepvalueETH]

@jperkfn @HCLPokerShow @neymarjr @ChrisEubankJr @Mister_Keating they do this to avoid any chances of cheating

[Hustler Casino Live @HCLPokerShow]

OMG!! HAND OF THE NIGHT!! 😱😱

$174,000 POT!! @neymarjr vs @JimmyButler
💰💰💰

Neymar is ALL IN with trips vs Jimmy Butler's FULL HOUSE

@JimmyButler is now winning more than $100K tonight!!

Tune in NOW: https://t.co/AsrO2QjStY

[Ben Leventhal @benleventhal]

Blackbird Pay is live for testing rn. Check in, set your tip, add your friends, leave when you want. Take it for a spin and DM me your feedback and I'll drop you 2,500 FLY.

[London Breed @LondonBreed]

Well done, San Francisco, and to everyone who traveled to our City for an unforgettable night with @fredagainagain1 and @skrillex!

Last night was filled with love, music and unforgettable memories. Thank you to all of you who came out and made this event so special, especially our partners @apeconcerts , and all city departments involved to make it happen, including @RecParkSF , @sfpublicworks , @SFPD and @SheriffSF .

[The Transcript @TheTranscript_]

$NVDA CEO on why he does not fire people:

"I rather improve you than give up on you...I don't like giving up on people because I think they could improve. And it's tongue in cheek but people know that I'd rather torture them into greatness [thank give up on them]"

[robin @zebird0]

A lot of folks have been asking about how to get into angel investing, where to start, how to find and pick startups. 🧵

Why angel invest?
- Meet smart and amazing founders
- Learn about the bleeding edge of tech
- Be financially incentivized to advise / support companies
- Work more closely with VCs
- Financial upside in the winners

Here's a few tips on how to get started:
1) Just get started
The first investment is always the hardest. Is this the best company? How do I pick them? What if X (market, team, product, GTM, etc.) doesn't work? The best place to start is with your close network, people you trust that you think are the top 1% of people you've worked with in your career. If you have strong conviction in them, chances are that it's a good place to start.

2) Budget accordingly
VC investing is risky already, angel investing is even more risky since you're dependent on other institutions to fully fund the company you're interested in for another 2-3 years to be default in the game. If you make great choices, your money will still be locked into good investments for a long time horizon, so be judicious about your budget.

3) Build a basket, start with what you know
It's a common saying in VC that 2/3 of investments will go to zero, and a small % of investments will return the entire fund. This is true. Because of that you'll need more shots on goal, both to build your portfolio to maximize success and to get more reps in so that you yourself become a better angel investor. Start in the areas that you know well with people you know well, and then expand from there. Chris Dixon has a great post on the economics of VC from a decade ago that still rings true today.

https://t.co/9hqlYiI3RJ

4) Follow a round
You want to make sure your money isn't dead on arrival. If the company is a few months from running out of money, or isn't able to get a round together, then that's obviously existential to the health of the startup. Wait for an institutional investor to lead the round and establish some runway as a standard de-risking move.

5) Use SPVs if you need
Special purpose vehicles or syndicates will bundle smaller angel investors into a larger single check to make it cleaner on the cap table. If you're writing smaller checks (<$5K) then these can be useful to reduce paperwork / legal for a small fee. Angel List and others have good resources for understanding these.

6) Be upfront about your commitment
Founders may want you as an angel for your strategic advice, relationships, and support. Be thoughtful about how much time, network, and resources you want to commit, and be upfront about it. It's okay if you'll only chat once a quarter, but don't promise biweekly product discussions and go back on your word. Reputation is everything.

What'd I miss?

[DeepValueETH @deepvalueETH]

@ankurnagpal 🤚

[The Transcript @TheTranscript_]

Jensen walking into the $NVDA Earnings Call at the top of the hour.

[DeepValueETH @deepvalueETH]

Let’s gooooo @benleventhal @blackbird #BlackbirdBreakfastClub

[DeepValueETH @deepvalueETH]

Big announcement! Feeling a strong 2H in PE and strategic activity in gaming 🚀

https://t.co/2PGT3cN5TS

[Lakers All Day Everyday @LADEig]

Austin Reaves liked this post on Instagram 😭

[DeepValueETH @deepvalueETH]

@BobbyThakkar 🖐️