Sublime

insane how the entire timeline is watching megafunds to see which one will “slip up” and do a big bad deal first. Megafunds are no longer venture funds. their ambitions are much, much larger. these are fee printing, financial product machines, hellbent on going public asap.

Check it out: Bill Gurley's blog dates all the way back to 1996: https://t.co/HzvLO7ilyg Here are some of its highlights IMHO 1/

You're a smart man, Garry. You're protecting how YC is seen amongst normal folk and other investors. Good corporate communication. Let's do some math. Around ~2100 startups get priced seeds in the US, per year. ~260 companies per batch, 520 startups per year graduate from YC. So around 25% of all startups. Either you... See more

.@rabois on the most important lesson he learned from Peter Thiel: You can’t hire anybody over 30. “Peter might not say it exactly the same way today, but basically, what he was trying to say is this: by the time you’re 30, everyone on the planet knows how to assess you pretty accurately. There are enough data points on... See more