Sent a deal I just did to another VC (European emerging fund). They asked me to forward their survey to the founder to fill out so they can see if they should have a meeting. Cooked. Bearish.

Founders going out to raise VC for the first time often overcomplicated their pitch decks. Your deck’s purpose is not to provoke an investment decision from a VC, its purpose is to get a meeting. So, really only 3 things need to be presented: 1) What? 2) Why now? 3) Why you?

One reason I quit Meta and started a fund: Reached top of my field by my late 20s and a smooth coast to $10M (life on easy mode). imo it made sense to try something harder that can make $100M instead (fund mgmt) Meanwhile, founders quit and start something that could make $1B

Some of our portcos I'm most bullish on are not just innovating tech, but also innovating the business model. The more I see it, the more I'm convinced the monster companies of this era will popularize business models currently viewed by consensus as fringe or unusual

Sent our first round of merch to founders last week Kaia Rhodes absolutely cooked with making these, would highly recommend Anatar (support start ups!) for company merch

Me writing a tweet: “This is gonna be a banger” -> 100 views “Idk about this one but w/e yolo” -> 25k+ views

I think ~90% of the VC analysts I met 4-5 years ago are no longer in VC. The other 10% are now principals or higher (i.e. partner). Of the 90%, I'd say 25% of them left to genuinely pursue something else. For the rest there was just no seat at the (partner) table. Tiny industry

There are probably a number of SPV leads that made an annual salary from a “one-time” management fee in exchange for 0% carry on this deal

Sounds great in theory but: 1) If a16z leads your competitor’s seed round, that’s not good news for you “winning” in fundraising. No spinning this 2) Raising VC != winning. Crowded spaces are much harder to actually win in (i.e. make money)

As an engineer that worked on this for years, it’s pretty awesome and surreal to see this out in the real world. As a VC, waiting for the SDK so I can invest in it

Anytime I start thinking maybe it's time to start betting against Zuck, I get reminded that I should never, ever bet against Zuck

vinicius Meta has a horrible track record with running an app ecosystem. I don’t think they understand they need 3rd party devs to win in order for their ecosystem to win

I would be amped to invest in a 22 year-old new grad that’s compulsively obsessed with destroying the MBA/business school class (i.e. consulting) The prestige associated with the MBA -> consulting pipeline is one of the most self-defeating relics in western society

Almost every one of our portcos that went out to raise in the last couple months ended the round at a >50% higher valuation than when they started. Timing is everything for VCs rn. If you’re late in the round you’ll give up a lot of multiple upside