Tag: Venture Capital
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“It’s like the narrative would be way sexier if it was like, ‘Holy s—, this is the world’s biggest Ponzi scheme.’” Sam Bankman-Fried As markets ripped in late 2021, the total value of all cryptocurrency approached $3 trillion. Just 12 years prior, crypto didn’t exist. The boom created a wave…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
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“A maniacal sense of urgency is our operating principle.” Elon Musk Elon Musk is not your typical CEO. He doesn’t have a corner office. There’s no executive dining room. In fact, shortly after taking over Twitter, Elon slept on a couch in the company library. A typical meal: cereal out…
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“As the situation got more desperate in the fall of 2008, Musk pleaded for money from friends and family to meet Tesla’s payroll.” Elon Musk, by Walter Isaacson In 2008, Tesla was in the depths of production hell. And with the world on the verge of another Great Depression, a…
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Major VC firm OpenView Venture Partners has abruptly laid off most of its staff and stopped making new investments. The departure of two top leaders under murky circumstances appear to have led to the firm’s sudden downfall. The Collapse of OpenView OpenView’s leaders departed suddenly after a recent fundraise, leaving…
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“We have reason to believe Elon is retarded.” That was Elon Musk’s elementary school principal. Young Elon stared out the window and ignored his teachers, leading them to assume he could not learn. Perhaps Elon found their lessons irrelevant. Or maybe he was tormented by what was going on at…
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+ Biography, Elon, Elon Musk, Reading, Silicon Valley, SpaceX, Startups, Tech, Tesla, Venture Capital+
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Venture capital investment in the middle of the country tripled in the last decade, according to a new report from Heartland Forward. Investment reached $55 billion by the end of 2021. We’re used to thinking of startupland as reaching a few dozen miles from San Francisco to San Jose. Maybe…
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+ Entrepreneur, Finance, Investing, MIdwest, Money, Rural, Silicon Valley, South, Startups, Tech, 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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Tremendous 