Sarah Drinkwater
@sarahdrinkwater
Knowledge beachcomber interested in the ownership economy, flourishing communities, ecosystem building, magic, and knowledge as an end to itself.
Sarah Drinkwater
Established institutional LPs have backed solo GPs. University endowments and other institutional investors have funded several top managers. In doing so, these LPs seem to have made peace with the model’s structural risks.
Mario Gabriele • The Future of Solo Capitalists | The Generalist
German venture network 10x Founders launches with €160m, backed by 200 entrepreneurs | Sifted
sifted.eu
Roelof Botha brought up this same topic in a recent Invest Like The Best episode in an even more poignant way: "Imagine the venture business in a decade, and Sequoia is gone. We presided over the decline of Sequoia, this team, the people here in this room, it was us. What happened? What did we not do?"
Kyle Harrison • The Death of a Venture Fund
So How Many Stars Is Enough? A Data Driven Guide to Fundraising as an Open Source Founder
Jordan Segalljordansegall.substack.com
“We tend to view open source companies at the earliest stages like social networks. Building community momentum is of the utmost importance to the success of an open source project, and that often takes precedence over revenue in the short term.
If you can show a strong community AND strong revenue growth then you will be in an incredible financing position, but often revenue is not necessary if you have the other criteria in this doc accounted for.
If your open source momentum (Bucket B) is weak then you can make up for it by having strong revenue, but there are few examples of successful open source companies that fit this example, as most tend to prioritize community building in the early stages”
Open source projects, the infrastructure of digital public goods, have long relied on unsustainable funding sources like Github Sponsors, Open Collective, or Buy Me A Coffee. Besides the very few that have reached commercial success by transforming into enterprise SaaS, the vast majority of projects failed to find adequate funding.
Tina He • [FKPXLS] The New Frontier of Belonging
We’re seeing the rise of more authentic social media—apps that focus more on the present, and less on curating a flawless online persona for future benefit. I first wrote about BeReal on June 2, 2021 after my Paris-based internet friend Marie Dolle sent me a Twitter DM about how BeReal was spreading like wildfire across Paris. Twelve months later,... See more
Rex Woodbury • Welcome to the Internet: Millennial & Gen Z Ennui
Productizing venture means taking everything that venture capitalists do — from sourcing companies to evaluating companies to adding value to founders — and using software or networks to do it better.