One of these is financial capital and one is production capital even of both think it’s financial.
Win rate is the game and take is the scoreboard for both.
Deep Tech VC: Puts on pot of coffee to read 5th nature paper for the evening while trying to discern 5yr trajectory of an entire scientific field
B2B Enterprise VC: YOLOs into 3 month old genAI company at $100m pre that doesn’t even have product yet
We are not the same
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Theoretically, communism is a beautiful way to structure society. In reality it always falls apart in the execution.
Theoretically, religion is a beautiful way to impart spirituality. In reality …
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Amazon gave my wife a $5 coupon for on of her favorite authors, @KarenAnchorite, she is now gleefully reading reviews for the books she does not own in pursuit of where she can spend this coupon. ❤️❤️❤️
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We could replace all the world’s major religions with a single commandment:
Don’t have fun and don’t have fun not having fun and be angry about other people having fun.
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Easter question:
What was the thing you liked about Jesus when you were 10?
What is the thing you like about Jesus now?
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First time founders typically come from a domain expert or engineering background. Unfortunately, none of that is product.
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From financial capital to production capital.
“VC has gone from a high margin cottage industry to a low margin mainstream business. What we have right now is a sh*tshow” podcasts.apple.com/us/podcas…
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Word
Replying to @thogge
3) you should not ship an MVP until you know it is compelling
A huge amount of startup money is wasted on continuing to pursue products people really don’t care about (if they did, they would tell their friends).
/end
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gonzo - e/sc retweeted
“Big tech has effectively become UBI for people who went to good schools” - @eladgil
Wondering if @bentaylordata can pull some strings and get me approved to attend the panel discussion tomorrow at @UTtechweek
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