Patrick Despres-Gallagher

human | partial to curiosity & natural light | believes in magic

[Patrick Despres-Gallagher @pingpdg]

NVIDIA is a more exciting buy with a founder/CEO type leading it (i.e. Jonathan Ross). impossible to replace founder energy and moral authority.

[Dan Levine @daniel_levine]

Some startups make unbelievable financial returns, but most don't. I'm fortunate enough to have a reasonably good track record as an investor, but I never know which will be which deterministically.

I realized that fact a long time ago and resolved to try to work with founders that I love in a deep and intangible way. Folks I wake up wanting to help every day. People I try to help however I can, whether it's a weekday or weekend, a personal matter or a work one, a happy situation or a sad one.

I want to work with founders where I deeply care and enjoy the holistic journey, no matter the outcome. I optimistically believe if I do that, the aggregate returns will take care of themselves. That's the beauty of real venture capital.

@stevekrouse is a real one. I loved every minute of Val Town and I'm excited to continue the journey with him for another few decades if he'll have me

[Patrick Despres-Gallagher @pingpdg]

@daniel_levine this this this this this

[Patrick Despres-Gallagher @pingpdg]

can pretty much guarantee that whatever common wisdom is today will be considered wrong in 24-36 mos

[Patrick Despres-Gallagher @pingpdg]

@joepohlen there are two types of people in the world

those who have and have not been to torch lake

be the former

[Patrick Despres-Gallagher @pingpdg]

stanford absolutely mogged

[Coastside News @CNGI_news]

The University of California’s investment arm has purchased the Ritz-Carlton Hotel in Half Moon Bay for $193 million, but university officials have not publicly discussed their plans or management strategy. Read the full story by Royal Calkins at https://t.co/BnpzKmajGU

[Patrick Despres-Gallagher @pingpdg]

@gschill21 @davefontenot +1 @scottbelsky lovely human

[Patrick Despres-Gallagher @pingpdg]

@davefontenot me, including your friends at openrouter and fyxer. no fund.

[Patrick Despres-Gallagher @pingpdg]

@bencasnocha @reidRMC incentives

more fee stream if you write larger checks, and larger = riskier = more diligence

hard to justify equal focus on $5M and $500M check

[Patrick Despres-Gallagher @pingpdg]

@dropalltables @nealstephenson https://t.co/yh2eOEbxTq

Worth a listen. He talks about his writing process and it's awesome.

[Patrick Despres-Gallagher @pingpdg]

@AarushYadav47 why glasses as form factor?

[Patrick Despres-Gallagher @pingpdg]

@masayoshisson yes except usually there's less diligence

[Patrick Despres-Gallagher @pingpdg]

@WillManidis been a great year for the kind killers cc @martin_casado @ClaireSmilow @patrickachase etc

[Patrick Despres-Gallagher @pingpdg]

small businesses want all-in-one

large businesses want best-in-class

[Patrick Despres-Gallagher @pingpdg]

@jjen_abel

[Patrick Despres-Gallagher @pingpdg]

@hthieblot https://t.co/Dodhu8hjW9

[Patrick Despres-Gallagher @pingpdg]

companies die from a lack of energy, not a lack of capital

[Patrick Despres-Gallagher @pingpdg]

everything is a sales funnel

message sells the open/listen (attention)
open sells the meeting (time)
meeting sells the 2nd meeting (pitch)
2nd meeting sells the offer (sale)

start with the first step, not the last

true in dating, recruiting, fundraising, job hunting, etc.

[Patrick Despres-Gallagher @pingpdg]

quite clear that "paperwork" is going the same way as "hanging up the phone"

our grandkids will have no idea what it means

[Patrick Despres-Gallagher @pingpdg]

@kpowerinfinity happy to meet them and recap their biz

[Patrick Despres-Gallagher @pingpdg]

an underdiscussed toxicity of social media is pervasive sycophancy