@iankar_ /1 Get ready for a tweetstorm. Here's where to start:
First, read a few overviews to get a sense for the funding / innovation climate. Start with https://t.co/QD1PjPQwX0, https://t.co/bId8zUFNj6, and https://t.co/WYxkvZ8SSU .
LP QUALITY, WHY IT MATTERS, AND HOW TO DILIGENCE IT
A thread for investment managers, emerging and not.
These are my suggestions from my own experience - I would encourage GPs to chime in here, I know there are people on here that have put a lot of thought into this.
Super interesting report from @juniper_square on the state of VC.
53% of VCs are looking to improve portfolio monitoring. Top area for forward-looking technology investment. 👀
Not surprised based on what we're seeing.
Time to build! @metrics_co
https://t.co/PRwCDgMv7P
.@rooociowu has been investigating the capabilities of #FedNow, the forthcoming American real-time payments system. In her first @Forbes contributed column, she compares its international peers.
#fintech#vc
https://t.co/ThrYF6IgpP
2) GPs with swift communication on direct and indirect exposure appreciated in this moment.
From one large LP:
"Many of our VC GPs don't have dedicated IR and are too busy dealing with their own exposure and helping companies to return our call"
For all new fund managers out there who need to hear this: it took @usv 18 months to raise their first fund (2004). Also, it returned ~14x of invested capital 🙇♀️
@JSQKyleFundAdmn@etarczynski Agree it's not common but there are a few - Benchmark itself was an example of that! (Bob Kagle spun out of TVI which backed Microsoft, Sun, and many others). Greg Sands at Costanoa and Theresia Gouw at Acrew are two more
Twitter is an anti-compassion machine that stokes our tendency to dehumanize and even hate people we don't know personally.
Four little exercises I use to combat that and crank up the compassion in my mind:
Heard from a VC LP this week:
“Very hard to underwrite anyones track record right now - regardless of how they have marked their portfolio. There are too many bad companies sitting on a lot of cash. We will wait for fallout and dispersion to become more clear.”
I've decided to start applying the tropes of VC-twitter language to my daily life. So...
I'll be visiting the Oakland Whole Foods Market from 09/07 - 09/07 at 8pm PST. Any recommendations on who I should connect with while I'm out there?
Ready to make hiring your competitive advantage? After 3 years of building, we're excited to launch Ashby!
Join us on September 13th for a product deep dive presented by our CEO & Co-founder, Benji Encz, and other team members.
Save your spot: https://t.co/O4tBbbuGf5
In the first half of 2021, the value of U.S. VC exits set a new annual record at $372.2 billion.
The story of the first half of 2022 is very different.
In our new blog, we discuss the state of the venture space and what the year ahead looks like.
https://t.co/xwFsXgQiCk
All for speed to market but AngelList is not the platform for full time fund managers. You need to own your LPA, have a lawyer on call and truly sweat the details.
One of those weeks that we can be 100% sure our descendants will look back on in shame. So many heartbreaking stories will come of this. Our country just got a few degrees worse.
Pro-lifers don't like complexity. At 17 weeks my placenta detached and he was much too small. I thought I felt my baby's frantic attempts to breathe. My OBGYN advised me to terminate the pregnancy, there wasn't much time. But I couldn't.