Tag: Venture Capital
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Every now and then when I ask a founder for a demo, he can’t give me one. That’s because the product doesn’t exist. Let’s take the example of a restaurant reservation platform. Rather than building out the tech, some founders just start advertising to restaurants and diners and taking reservations.…
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Everyone raising a venture fund will tell you they plan to 3x your money, at least. But it turns out, almost no one can do it. David Clark of Vencap International ran an analysis on nearly 1,200 funds covered by Pitchbook. Most haven’t even returned 2x their invested capital, much…
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+ Asset Management, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
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I sat down to coffee and dessert with one of my founders recently. At the end, he tried to pay the tab. I had to explain to him what might be the most important rule of investing… Never Let a Founder Pay If you’re taking a founder out to coffee,…
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+ Angel Investing, Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Tech, Venture Capital+
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WeWork filed for bankruptcy on Monday. Allbirds is a penny stock. Companies like these are why I invest in pure software — only. The Penny Stock Parade WeWork peaked at a valuation of $47 billion. It was once the most valuable startup in America. Now, it’s a penny stock. The…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Venture Capital+
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Uber made its early investors billions. But some had a chance to invest early — and missed an incredible opportunity. The book Super Pumped details how some investors won the Uber deal, and how others missed out. This fascinating tale of one of the decade’s best startups taught me a…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
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WeWork filed for bankruptcy last night as the weak office market led to huge losses. From Bloomberg: WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company —…
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+ CRE, Finance, Investing, Money, NYC, Real estate, Startups, Stock Market, Stocks, Tech, Venture Capital+
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“Bill Gurley needed to get in on this deal. Over his decade-plus of venture investing, Gurley had watched enough startups succeed and fail to know that this one — Uber, ‘everyone’s private driver’ — was special.” Super Pumped Winning the Deal In 2010, Bill Gurley was already a one of…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
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FTX founder Sam Bankman-Fried was convicted on all counts in federal court yesterday. His own testimony may have helped seal his fate. ‘I Cannot Recall’ From The New York Times: Mr. Bankman-Fried’s decision to take the stand allowed him to argue he had no intent to steal money and defraud…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrency, Finance, FTX, Investing, Law, Money, Sam Bankman-Fried, SBF, Startups, Tech, Venture Capital+
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Travis Kalanick’s first company got him sued for $250 billion. Most people would’ve given up after that. But Kalanick didn’t. Super Pumped by Mike Isaac recounts Kalanick’s amazing story, all the way from his first company, Scour, to Uber. A Born Salesman Kalanick was a born salesman. Even as a…
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+ Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Stock Market, Stocks, Tech, Uber, Venture Capital+
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“One of the things with outliers is the ideas often seem completely nuts up front.” Marc Andreessen thought this couchsurfing app was crazy. Someone’s going to get murdered! A Startup Not Even a Mother Could Love Brian Chesky and Joe Gebbia, the Airbnb co-founders, pitched just about every investor in…
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+ Airbnb, Entrepreneur, Finance, Investing, Money, Silicon Valley, Stanford, Startups, Stocks, Tech, Venture Capital+
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Tremendous 