In BostInno ➡️ Boston College Carroll School grad Justin Robinson '11—co-founder of Drizly, recently acquired by Uber for over $1 billion—is the latest contributor to SSC Venture Partners, a fund, startup accelerator, and mentor network for BC startups. bit.ly/3ftU40r

Yes VC is hard But you don't have to worry about: - Site going down - Being hacked - Your cofounder quitting - Your key VP moving on - Your top customer churning - Not closing a critical deal - Competitor raising $200m - Making payroll - Hiring 100 folks - Always being there

Sounds like our path at SSC. We were able to start *really* small (250k) Fund I and are now into our 3rd fund with close to $10M AUM after proving our thesis. Great way for new GPs to enter the space.

Just ran into a founder that I was in Techstars with back in 2012. His first words when I asked how his business was going "startups are really effing hard". Ain't that the truth.

This seems like really big news. Could be the first re-introduction of commercial super sonic jets.

Thanks Scott. Happy to help! Feel free to have the founders email me directly- would love to talk 1:1 with them.

/9 Humble exits that might have given founders a few million dollars after nearly a decade of hard work might not be available in the future, given the starting valuations that are common at this moment in time. Please reread this tweet.

We woke up to a new world today. Prayers for the Ukrainians.

"I need ammunition, not a ride" is one of the most badass lines I've ever heard

This may be the best tweet ever.

RIP good times. It’s time to build real companies, with real technologies, to solve real problems. With real revenues, realistic spend levels, and focused fundraises from value-add investors.

Big Thought Alert... I am starting to think that the AI moment we are seeing, and in particular Chat GPT, is one of the biggest deflationary shocks in all history.. ...Akin to China joining the WTO (actually bigger as low wages were not persistent in China). Why? 1/

Everyone is freaking out that 97% of $SIVB depositors are above the $250K FDIC insurance limit However, $SIVB has $120B of cash + securities that can be quickly sold by FDIC to cover 2/3 of deposits $73B of loan assets will eventually be sold to recover the other 1/3 (~$50B)

Crazy day. After 22 years between SVB and FRB, I'm still at shock. My wife also works at SVB right now. The news today was huge, and here is what I've pieced together across 100's of conversations yesterday/today. 🧵

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing Best crypto exchange to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent J.P. Morgan @citi or

SVB has been an amazing partner to my businesses and to me personally (I do my private banking and mortgage with them). Let's hope they pull out of this and without contagion to smaller smaller banks. This week could be the most important week of finance since 2008. Or nothing.

What to know: 1/ Fed is backstopping all SVB depositors. Everyone gets access to everything tomorrow. Crisis averted. 2/ There does not yet appear to be a deal to sell any part of SVB.

The government crushed it: “Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”

There are a few times in life when you read a new book and realize that your life will be transformed if you follow its teachings. Peter Attia’s Outlive is such a book. It can save, or at a minimum massively improve, your life. I can’t imagine a better investment for 28 bucks.

Meissner effect or bust: Day 8.5 We made the rocks