francesc

Now: co-founder @ | Previously: Led M&A and VC @factorialEs @itnig

[francesc @Francescnami]

@toni_pn Sigue! A muchos nos encanta leerte

[rahul @0interestrates]

another banger from naval

[Dan Gray @credistick]

Venture capital fees make no sense.

Imagine you're a chef.

You grind for years to hone your skills, innovating with cuisine, refining your recipes and menus.

But because of the way the industry works, you can't really significantly raise prices.

If you want to increase your income, the only option is to increase the size of your restaurant.

So you're constantly pulled in two directions; scaling your service or increasing quality. Earning a Michelin star will mean living on Ramen for a decade.

Eventually, you realise that however hard you try, McDonald's franchise owners get paid better so you might as well just do that.

This is how venture capital fee income works.

There's a relatively tight band between 2–2.5% and it doesn't even appear to correlate with performance.

This is a well-studied structural constraint on the ability of quality managers to keep operating a proven early-stage strategy, and a major drag on the industry.

Thanks to @_PeterRyan for listening to me rant about the venture industry's many flaws.

[francesc @Francescnami]

@chalsarboleya Falta cambiar judgement por capital 🙄

[francesc @Francescnami]

@Lyonaiss Espero que te guste! Cualquier feedback más que bienvenido 🙏🏻!

[COATUE @coatuemgmt]

The Power Law Paradox: you're more likely to 10x at scale.

→ 8% of unicorns reach decacorn status.
→ 13% of decacorns reach $100B.
→ 31% of $100B companies have gone on to 10x.

The conventional wisdom: early-stage has the best returns.

The data: you're more likely to 10x at scale.

Thomas Laffont (@coatue_thomas) at @theallinpod Liquidity Summit. Full video in the comments ⬇️.

[Martin Varsavsky @martinvars]

Empezar antes de estar listo. Esa es la regla número uno del emprendedor. Argentina sigue produciendo talento técnico de primer nivel. Vercel sostiene buena parte de la web moderna. El pibe de Lanús lo construyó sin esperar permiso de nadie. https://t.co/1JbgWMcLbS

[Javi Lopez ⛩️ @javilopen]

IT'S FINALLY HERE!

🔥 Freepik is now Magnific! 🔥

They loved the brand so much they decided to rebrand their/our name/domain.

Let me tell you the story of how two guys created the fastest growing bootstrapped startup EVER in history and the love story with Freepik 🧵👇

[francesc @Francescnami]

@javilopen @magnific Toma ya!!!! <3

[francesc @Francescnami]

“Past performance does not guarantee future results”

[Florian Ederer @florianederer]

There has never been a better pre-release ad campaign.

[Teledeporte @teledeporte]

🚀¡Qué auténtica barbaridad!

🇰🇪El keniano Sebastian Sawe se ha convertido en primer atleta en bajar de las 2 horas en el maratón estableciendo un récord del mundo estratosférico en Londres (1 hora 59 minutos y 30 segundos)

[Samuel Gil @samuelgil]

Llevas meses con una sensación rara.

La de que llegas tarde. La de que hay un plugin a punto de hacer tu trabajo.

El que llega tarde no se siente así.

Si tú lo haces, probablemente ya estés en el camino correcto.

Enlace: https://t.co/6J4NvKfPp1

[francesc @Francescnami]

@davidalvarezdlt Vamosss!! Abrazo fuerte man, a por ello.

[francesc @Francescnami]

@davidalvarezdlt En preseed no lo había visto nunca

[francesc @Francescnami]

@Lyonaiss Hola Marco, si en un par de semas estará disponible el lab de Jerez de la Frontera! Si quieres envíame un email y así en cuanto lo abramos te aviso.

francesc @ tryholo .com

[Petru Rares @psincraian]

Yesterday I did my blood test with ⁦@tryholo��� and I already got the results! ❤️

Having the Apple Watch metrics + all blood biomarkers is a really powerful idea 😍

[francesc @Francescnami]

@Aifo777 @javilop @tryholo Feel free de usar el mío 😉 (FRANCESC_CFIT)

[Flanagrama @flanagrama]

Así estoy yo, que no me tengo que estallar 6 cafés al día para ser funcional 🙄