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Social Capital Annual Letter 2019
Capital efficiency for software companies has been in decline.
Ali Tamaseb • Super Founders: What Data Reveals About Billion-Dollar Startups
VCs are similarly disinterested in growing modest, sustainable businesses. In fact, a company that grows a healthy 5% a year is in some ways worse for a VC than a company that simply implodes on a moonshot. VCs have derogatory names for these otherwise seemingly healthy businesses: the walking dead, or worse yet, lifestyle businesses (when you say
... See morePatrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
among venture-backed companies, it’s often preferred to have a shot at reaching a multibillion-dollar outcome—and fast—even if it means taking risks that could kill the business.
Ali Tamaseb • Super Founders: What Data Reveals About Billion-Dollar Startups
There are some phenomenal products in some of the companies that were overfunded and are haunted by past decisions. The valuations at which these companies raised capital set them on the wrong path - a path that fails to attract and reward critical talent, a path that incentivizes excess expenditure for growth at the expense of structuring a busine... See more
Scott Belsky • The Great Sobriety for Venture Investing, Where To Start with AI, & Undeniable Data
Fantasy Capital
investing1012dot0.substack.com