Strive Capital

Strive is an early-stage VC firm focused on Consumer and SaaS, inc. @Appannie, @gustoHQ,@keepsafe,@rubrikinc,@virtahealth,@draftkings,@ohmconnect,@robinhoodapp

[Turner Novak 🍌🧢 @TurnerNovak]

New @ThePeelPod with Nuno at Chamaeleon

Chamaeleon is an early stage VC firm that borrows tools like factor analysis from public-market investors, operating more like a quant hedge fund than a traditional venture firm.

We talk through a bunch of data that cuts against the common narrative in venture, including why repeat founders aren't always the safer bet, why sub-$100m funds catch the majority of fund-returning deals, and why 10x might be a better target than 100x.

Thank you to @numeral, @FlexSuperApp, @Amplitude_HQ, and @merge_api for supporting this episode.

Timestamps:
1:00 When 1st time founders outperform serial entrepreneurs
8:05 Mantis: factor-driven quant model for VC
18:33 Why most VC’s are not data-driven
22:28 Top 1% VC fund performance
27:41 Early customer sentiment stronger success indicator than PMF or Team
34:09 Importance of co-investors on performance
39:42 Sub-$100M funds capture 70% of fund-returning deals each year
43:53 The AI neolab bubble
52:16 Marketing games that VC’s play
55:22 Most investors are not high conviction
56:43 Startups not raising for at least 3 years are 5x less likely to succeed. 10x less likely at 5 years.
1:00:19 Emerging managers have lowest LP interest in the last 15 years
1:11:19 LP capital is much less concentrated than in 2011
1:16:28 The importance of remaining relevant
1:21:01 You must lean into your unique edge as an investor
1:23:18 Pros/Cons of an alumni network venture strategy
1:28:29 Specialist funds outperform generalists (with a catch)
1:35:22 The data says go for 10x, not 100x returns
1:41:41 Should you start or join a VC firm today?
1:48:07 Nuno’s collection of 270+ phones
1:53:16 Racing cars (and winning championships)

[ngpedro @ngpedro]

Truly a pleasure to be on @ThePeelPod with @TurnerNovak.

An in-depth pod going truly under the hood at @chamaeleonvc, sharing our unique operating model and insights, including those coming from our own Mantis internal platform.

If you are interested in my thoughts on VC, LPs, quant and AI augmentation in Venture capital, among many other topics, this is a great listen.

[Nuno Mathias @nunomathias]

كان من دواعي سروري أن أرحب في الرياض برجل الأعمال البرتغالي/ نونو غونسالفيس بيدرو من سيلكون فالي، وأن أشهد مشاركته الملهمة والمحفزة للفكر دائمًا في منتدى مسك العالمي @Misk_Global 2024! 🇵🇹🤝🇸🇦
@aicep @chamaeleonvc @ngpedro @MiskKSA

[Nuno Mathias @nunomathias]

Thrilled to welcome Portuguese Silicon Valley venture capitalist Nuno Gonçalves Pedro to Riyadh and to witness his always inspiring & thought-provocative intervention at the @Misk_Global Forum 2024! 🇵🇹🤝🇸🇦
@aicep @chamaeleonvc @ngpedro @MiskKSA

[مسك المهارات | Misk Skills @MiskSkills]

التحديات والمصاعب لا تعني نهاية الطريق، إن عاملتها على أنها محفزات تساعدك للتقدم والنجاح في حياتك.

بعض من النصائح التي شاركها معنا نونو بيدرو، المؤسس والشريك الإداري لشركة "Chamaeleon" في #منتدى_مسك_العالمي

[ngpedro @ngpedro]

In this episode of https://t.co/x0hsfZU91e, @bschmitt and I go into whether Technology is intrinsically good or bad. How History has treated it and what is happening right now

https://t.co/EavmJ7xbag

[ngpedro @ngpedro]

The full video is out (in Portuguese)

https://t.co/ZzjxXoWVKk

[ngpedro @ngpedro]

A proper in-depth interview with @bitalk_podcast: no BS, just straight to the point(s). Tonight on @CanalQ

[ngpedro @ngpedro]

On rejection and adversity as a path to growth, the "nuno list" as opposed to the San Pellegrino's world's best restaurants list and many other tidbits... Of life and such things https://t.co/2MsT43oRPf

[ngpedro @ngpedro]

One of the most interesting interviews / podcasts I have had the pleasure of being a part of - Episode 73: Part-1: View adversity as an opportunity, slow down & intens... https://t.co/2MsT43oRPf via @YouTube

[ngpedro @ngpedro]

And now for Venture Capital: @bschmitt and I go into the history of Venture Capital and its business model (01:34) https://t.co/yJT9h0VwBD

[ngpedro @ngpedro]

It’s all about the Funnel: Venture Capitalists are funnel managers, not just fund managers (02:03) https://t.co/Kt6ITLljuF

[ngpedro @ngpedro]

Of loss ratio, power laws and other such VC related things. Everything you always wanted to know, but were afraid to ask (04:13) https://t.co/Kt6ITLljuF

[ngpedro @ngpedro]

Amazing week. Thank you @BrentBeshore and @patrick_oshag!!!

[ngpedro @ngpedro]

What should the ideal Board Composition be, depending on its stage? (18:38) https://t.co/eusE6hNfqQ

[ngpedro @ngpedro]

How do Board structures change over time? (12:08) https://t.co/eusE6hNfqQ

[ngpedro @ngpedro]

When should you talk and when should you keep your mouth… shut. In episode 37 of Tech Deciphered, @bschmitt and I discuss CEO, founder and employee activism and how much is too much (02:55) https://t.co/k42ZAvOgqx

[ngpedro @ngpedro]

"With great power comes great responsibility." How Uncle Ben’s advice to the young Peter Parker/Spiderman is increasingly relevant in the age of “too much sharing”/“too many opinions” (02:55) https://t.co/k42ZAvwFyZ

[ngpedro @ngpedro]

“The first and foremost thing you can do [when in trouble] (...), and this is in an ideal scenario, is control your own destiny”... in particular not just look at your Cost side, but also at your Top line (04:41) https://t.co/lwIqyNw4kv

[ngpedro @ngpedro]

“Let's say that actually, you are in trouble…” then what should you and your company do? This and more in episode 36 of Tech Deciphered (02:04) https://t.co/lwIqyNw4kv