it's probably going to be a fund that only accepts ideas that aren't related to whatever the trending thesis is at the time
i'd bet the exit rate would be higher because it takes a certain type of founder to have the resolve needed to go all-in on an idea that isn't trending
it's comical how many times AI is mentioned in a16z's paper
the irony is that VCs (especially accelerators) were built to fund disruption and now they're operating in a way that will cause them to be disrupted themselves
My co-founder and I live in NYC making $40K / year as YC founders even after raising millions.
That's $9.61 per hour (based on 80 hour work week).
Many people think that if a founder raises millions, it makes them a millionaire.
But here’s the reality of being a founder:
- I am on my parent’s health insurance
- I share a 1 bedroom apartment with my co-founder to cut costs
- I eat microwave meals because they're fast and cheap
- I take the subway everywhere instead of ubering
We could be making 5-10x more in our past corporate jobs.
When we started @VectorShiftAI, a no-code platform that allows anyone to build AI workflows, we decided that we needed to fully align our incentives to growing the company.
We wake up every day thinking about our users instead of how much money we are making this year.
Founders need to be all in.