toon retweeted
imagine you just sold your company for life changing money against the odds, enriching all in your orbit and validating years of massive risk and intense focus, and your lead vc is tone deaf enough to tweet this out
A company in my portfolio just sold for 11.6x what I put in.
I wasn't happy about it.
That sounds insane, so let me explain how this actually works...
I run a pre-seed fund. I'll back 40 companies knowing most of them won't return real money. The math only works if a couple of them go enormous.
An 11x exit gets the money back and a little more.
For Seed VC funds, that barely moves the needle.
#VC #VentureCapital
toon retweeted
Redeemer Health filed for Chapter 11 after years of hospital and physician network losses, increased competition, and missed bond payments, seeking a going-concern sale of Holy Redeemer Hospital and its physician network while preserving its post-acute and life care operations.
Case Summary: bondoro.com/redeemer-health/
toon retweeted
the more people you consult for advice, the more likely you’ll make a bad/average decision.
(1) ppl are, on average, risk averse...and, in quantity, will blunt your boldness.
(2) ppl may hate/envy opportunities they lack.
(3) ppl tend to mix cynicism (bad) w/ criticism (good)
toon retweeted
Disagree. Our job as VCs is to generate returns, we are capitalists at the end of the day.
Sometimes it means having a world-view that others don't see, many times it means competing and having something unique that founders want on their cap table.
Alpha in choosing, or alpha in winning.
toon retweeted
Career advice nobody told you: You have to demonstrate excellence in everything you do. Your income scales proportional to the amount of excellence that you're able to demonstrate. Strategic incompetence is a lie. You don't get to pick and choose when to show up, because the world will ignore your best and judge you for your worst. Everything matters. Every single thing. Top performers show up with energy and enthusiasm for the little things just as much as they do for the big things. If you're in the top-10% of performers, there's no ceiling for what you can do. But the self-awareness to identify where you currently stack up, and adapt to the honest feedback on it, is very rare. If you're in the top-10%, you know it. If you're not, figure out why and fix it.
toon retweeted
Average bids on software loans have dropped to ~90 cents on the dollar
More charts: a16z.news/p/charts-of-the-we…
toon retweeted
$TSLA said it agreed to acquire an AI hardware company in a deal worth up to $2B in stock and equity awards.
toon retweeted
Uranium Supply Crunch Worsens Amid Kazakhstan’s Plan For Strategic Reserve zerohedge.com/energy/uranium…
toon retweeted
US FOCUSES ON INCREASING URANIUM IMPORTS FROM NAMIBIA DUE TO GROWING NUCLEAR INTEREST DRIVEN BY AI.
toon retweeted
OnlyFans is in advanced talks to sell under a 20% stake to Architect Capital at a $3B+ valuation, with a deal possible as soon as next month.
toon retweeted
Uranium Royalty to buy Sweetwater in $1.1B deal dlvr.it/TS4DLn
