Jackie (Cooke) Dao

VC finance Ninja

[robin @zebird0]

Four years ago a few of us at a16z started @speedrun to back founders at the earliest stages. A year ago I left to become one.

Today I can share what we’ve been building at LionBio: a nasal spray GLP-1 backed by a $6M pre-seed from SPC.

[Chris Pedregal @cjpedregal]

The best wearable is... the one you're already wearing.

Excited to announce Granola for Apple Watch. Launching today⌚️

[Adverb Ventures @Adverbvc]

We'd like to join our table. We're hiring a Chief of Staff and Executive Assistant in San Francisco. Check it out: https://t.co/7Flb9whgtm

[Adverb Ventures @Adverbvc]

Thinking about your next role? We're biased, but we think it's time to go early-stage.

We've aggregated some of the opportunities across the Adverb portfolio companies on the new Adverb Portfolio Job Board and can't recommend these teams enough: https://t.co/qP4D5YhE74

[VentureBeat @VentureBeat]

Outset raises $17M to replace human interviewers with AI agents for enterprise research https://t.co/CRr1PhfWEm

[Jackie (Cooke) Dao @kleinejax]

"When you choose your friends today, you are choosing your habits tomorrow."

-@JamesClear

[Sara Mauskopf @sm]

I'm excited to attend CES for the first time this year and speak at it too. If you'll be there hit me up or find me at the blackjack tables. https://t.co/Sr3UK3eIum

[Jackie (Cooke) Dao @kleinejax]

I'm speaking at the Private Funds CFO West Coast Forum 2023, join me this September https://t.co/aHEouPCcHX

[Outschool @outschool]

One of the key improvements to 1-on-1 tutoring on Outschool is our AI Teaching Assistant in partnership with @OpenAI. It helps give educators more time to do what they do best: teach. Read more in @TechCrunch: https://t.co/LH8caOAwd0 #tutoring #setlearningfree #ai #outschool

[NVCA @nvca]

VC investors: Are you available 1 hour per month, from November to January? Consider volunteering as a mentor to a Cohort 14 scholarship recipient from #VCUniversity!

Learn more and sign up: https://t.co/H2Q4zqihK3

[Jackie (Cooke) Dao @kleinejax]

I'm speaking at the Private Funds CFO West Coast Forum 2023, join me this September https://t.co/aHEouPCcHX

[Reach Capital @reachfund]

1/♨️Hot off the press: Our latest #impact report on our higher-ed investments and reflections on their impact on the sector.

[Jackie (Cooke) Dao @kleinejax]

The Future of Work Is Here. 8 Ways Every Founder Should Use AI in Their Workflow https://t.co/UpDBKXCdKC

[jomayra ⚡️ @jomayra_herrera]

hii we're hiring an awesome associate to join our team! i'm obviously biased but can't imagine a better team of both high EQ + IQ mission-driven people to join: https://t.co/KlMoVGArys

[Reach Capital @reachfund]

⚡️Are you in the early stages of building AI #edtech tools grounded in research and impact? We’re looking to support ambitious founders tackling big challenges in education.

Learn more about our AI+Learning Catalyst for promising pre-seed opportunities
https://t.co/LXbXjPsVSS

[Reach Capital @reachfund]

1/🚀 Excited to announce Reach IV, our new $215M core fund to continue investing in #edtech tools that expand access to education and economic opportunity!

We’re proud of continue our journey that we started in 2011, and to build the team that we had wanted to build.

[Chian Gong @ChianChirps]

Thrilled to announce fund IV and our first official founders fund - if you’re building at the intersection of education and technology, we’d love to hear from you! ✨

[Reach Capital @reachfund]

Parental leave in the US is severely lacking, leaving many startups unsure of how to support their teams.

Today, @wearespringbank & @AllRaise launched a parental leave policy guide featuring leading founders and investors including our own @ChianChirps
👉https://t.co/DiW0zJ8Fdf

[Jennifer Carolan @jencarolan]

Hope SVB deposits r made whole thru this weekends resolution. On other end of this collapse are humans: founders doing everything they can to make payroll & take care of their employees, marketplace payouts for teachers, tutors & hourly workers. This is not just an SV issue.

[David Sacks @DavidSacks]

.@BillAckman is right. There are two systemic crises underway right now:

(1) Startup Extinction Event - thousands of startups and small businesses won’t be able to make payroll and will immediately need to furlow or layoff employees if the FDIC does not release at least a substantial portion of their deposits on Monday. Payroll is Wednesday for most companies. That is D-Day. Directors in California are personally liable for unpaid wage claims so the layoffs will begin immediately if FDIC does not announce a plan to release funds.

(2) Regional Banking Crisis - the contagion will spread and there could be runs on other banks if the Fed does not provide reassurance that deposits are safe. As Larry Summers said, this is not the time for lectures on moral hazard. The stockholders and executive options of SVB are going to be wiped out — that solves the moral hazard problem. Blaming depositors is like placing the blame for medical malpractice on patients because they didn’t do a good enough job shopping for a doctor. Depositors expect the Fed to ensure that banks are safe. Even Bill as a very sophisticated investor says he has a hard time evaluating bank balance sheets. It’s unrealistic to expect small businesses to do that.

In summary, the Fed needs to bearhug the situation. Announce that all deposits are safe. End the crisis. It will cost very little, if anything, because SVB actually has plenty of assets to pay off depositors. The costs on the banking system and economy will be far greater if they under-react. The banking system will further consolidate in the hands of a few “too big to fail” banks. None of this will help the little guy.