Raymond Luk

Exited founder (Flow, acquired by Deloitte), ex-VC, game,

[Raymond Luk @rayluk]

@markmacleod_ Noooooooo

[Raymond Luk @rayluk]

Too many founders are trying to figure out “the right way to do it” Eg founder mode. I want to love this idea. Except I have no idea what it is.

Founders need irrational certainty. But when it comes to loud, certain advice it’s better to have a skeptical mindset and a default question: I wonder if that’s true?

From The Illusion of Certainty https://t.co/cKrrCPWNny

[Raymond Luk @rayluk]

How to recognize a lead Angel investor: They don't ask “Who else is investing?” They have confidence/time to do their own diligence. They talk about deals where they've played an active role. They offer to intro you to other Angels. #angels #leads

[Raymond Luk @rayluk]

Lots of lessons from the best Angel investment in Canadian history. Mine: Angels should make (bigger) bets on (better) founders. https://t.co/Lz2lyVLGdY

[Raymond Luk @rayluk]

Most Angels are followers (which is ok). You can recognize followers by how they talk about their deals: they emphasize who else is in their deals and name drop prominent investors.

[Raymond Luk @rayluk]

Every dollar counts, but don't call yourself an Angel if you can only invest $5000. Trust me, the startup needs more.

[Raymond Luk @rayluk]

@JimDBanting 🎯

[Raymond Luk @rayluk]

I get asked this question a lot in my founders workshops: "What if an Angel also wants to be paid as a consultant?" I know my answer, what's yours?

1/ No problem if they add value
2/ Never. Run away.

[Raymond Luk @rayluk]

@leif It came up in my last Techstars workshop, almost all US founders. Don’t think it’s country specific.

[Raymond Luk @rayluk]

@classonde I’m reporting you to VCs congratulating themselves…

[Raymond Luk @rayluk]

Agree or disagree with these categories? From a post about recognizing different types of Angels and their needs.

[Raymond Luk @rayluk]

Before raising from Angels it pays to understand the different types. Eg most Angels are followers. It's better to focus on a lead who can think independently. I wrote a blog post about Angel types: https://t.co/37yuL2u6fG #angels #founders #pitching

[Raymond Luk @rayluk]

Playing @swaggervcgame with founders in the ChaiTech Accelerator. The winning fund? $75M in -> $1.5B out. Pretty great return. #vc #boardgames #founders

[Raymond Luk @rayluk]

@dmzhq runs an 8-wk summer program for high school and univ students to learn about starting a company, incl design thinking, gtm, fundraising. Great free program for young entrepreneurs. This is from my fundraising class. #students #founders

[Raymond Luk @rayluk]

@skanwar @aratisharma @BetaKit Great move and great for Canadian tech 👍🇨🇦

[Raymond Luk @rayluk]

More thoughts here: https://t.co/ylTAfB25Yo

[Raymond Luk @rayluk]

What if the OpenAI board was right? In the sense they did their duty as independent directors? Everything about the structure and charter supports acting independently of what's good for profit or shareholder value.

[Raymond Luk @rayluk]

They are slowing down progress of AI

True. But the mission is “to ensure that artificial general intelligence (AGI)...benefits all of humanity.” No mention of speed (and many will believe the exact opposite.)