I would love to have a proper staff, but the reality is that it’s taken me this long just to get the newsletter to a point where it’s feasible to financially support just me, and only at a very moderate level. Until quite recently, my salary at XLR8R, when I left in 2015, was actually higher than my annual income from First Floor. I’ve finally... See more
Second, there are early cohorts of founders who will aim to find vibe-alignment with their capital. This is the bull case for more opinionated or smaller firms at the early-stage. I’m talking my own book here, but as the mission actually starts to matter again (not in the “wink-wink” sense), if a core value-add of VCs has been “brand halos”, then... See more