#FOUNDERS: Is it luck or magic when a startup takes off?
NEITHER!
Our @ShawnVC (early investor in @Uber, @Roku, Siri & Chime) says #startups can find success when they focus on the JTBD. Shawn shares how @Chime found lightning in a bottle here: https://t.co/OL2ki6bpea #PMF#GTM
We're excited to announce the promotion of @CroomBeatty to Partner & @gracewenge to Principal! Looking forward to further tapping into Croom's expertise in fintech & healthcare IT & Grace's knowledge in #SaaS, next-gen #GTM, productivity tooling & more. https://t.co/3YXYSC5gFN
I'm SO lucky to work w/ @venkyganesan-he bravely came to the US alone at 15 to pursue an education. Thank you for sharing his story @rebecca_szkutak/ @forbes. Congrats on your VC "hat trick" Venky! 😉2021: @stackrox@Poshmarkapp@roverdotcom (acq/IPO/SPAC) https://t.co/lUsw3TOURT
The “pandemic puppy” was real with a surge in pet ownership boding well for @RoverDotCom business, which now plans to go public at a $1.35 billion valuation. More on the company’s incredible turnaround under @aaroneasterly- @meliarobin via @businessinsider https://t.co/RmhZgluubc
We’re thrilled for @RecursionPharma IPO & proud to back companies pioneering #therapeutics innovation like @EncodedTx, @PliantRX & @scribetx that follow our “5 P's” framework. Read how we approach investing in companies advancing therapeutics from @grgyap: https://t.co/e5CPOHBHq8
Huge congratulations to @RecursionChris and everyone at @RecursionPharma on today’s stellar IPO! We’re so happy for this hardworking team. #RecursionIPO. https://t.co/z21RcbBfBL
Today we welcome @Canvas_Build to the Menlo portfolio https://t.co/POyMTwdz55 --Canvas sits at the intersection of two areas we find really exciting: #constructiontech and #robotics. For more on our investment in Canvas read this post from our @MMurph#funding
Cheers to @sajithw and the great team at Benchling on this impressive milestone. The Menlo team (w/@mmurph, @grgyap@jpsanday) is proud to back you in your mission to bring innovation to life sciences to solve big problems. Via @amyfeldman@Forbes https://t.co/DcK2492KEj
1/ Over ~20 yrs at @MenloVentures learning from @roku@chime@uber etc., one mistake is repeated repeatedly: Startups fail by building towards a mission vs an MVP. We’ve built a framework to help founders avoid that fate. How to design a winning MVP, using Roku as a case study:
High blood pressure is the #1 controllable risk for the 2 leading causes of death: Heart Disease & Stroke. @Riva_Health will bring #bloodpressure monitoring to your iPhone to drive better health and care! More on our Seed-->Series A journey w/Riva @GrgYap https://t.co/SOfk7OpEPI
Congrats @jyotibansalsf and the entire team @harnessio! AppD set a high bar, but watching Jyoti do it for a 2nd time has been amazing. Thrilled to have increased our ownership in the last two rounds!
An exciting day for @Poshmarkapp--and what an amazing journey to get here! We celebrate your #IPO alongside our former Menlo partner @pvazirani who led Menlo’s initial investment, and co-investors @MayfieldFund , @GGVCapital , @Temasek and @Inventusvc--each incredible partners!
Successful monetization is about matching Price to Value. Sharing some lessons from my operating and investing experience via @businessinsider: https://t.co/H2NIqrvKkD
A thread 👇 (and hopefully more 💵 for you!)