Mark does a great follow on post to his earlier deck.
As an Apprentice VC myself, I love being at the bottom of the food chain. Seed.
Category: Capital
Is VC still a thing?
Nice one.
Yes the ICO didn’t kill VC, seed is the new black and there is a ton of opportunity.
Enjoy the deck.
Life goals is getting an invite to The Upside Summit.
Munchery: What Happens When a Startup Goes Bust | Fortune
Interesting read.
On one hand I guess the vendors could argue that supposedly the VC’s have money and therefore they should make them whole.
But we all know the people responsible for this are the founders and the people running the company.
The VC’s don’t control them and apart from firing people or trying to influence the people running the place to do the right thing – in most cases the VC’s cannot force the outcome.
Messy stuff. Sounds like the Munchery crew are bunch of asshats.
What Is Going To Happen In 2019 – AVC
I am sure you caught Fred’s 2018 review?
Now comes prediction time.
What Is Going To Happen In 2019 – AVC
I have always felt that as the noose tightens around Trump that he would quit before any impeachment process ever kicks off. Let’s see.
I agree if this happens it will project an air of USA instability and that will be enough to take down global markets a notch or two.
I think in VC startup land we are looking at something different but still need to be pragmatic.
I love how Fred describes the long-term view:
But all of that is going to happen at the margin. I expect 2019 to be another solid year for the tech/startup sector as we are in a possibly century-long conversion from an industrial economy to an information economy and the tailwinds for tech/startup vs the rest of the economy remain in place and strong.
Just started reading Homo Dues – A Brief History of Tomorrow. The time it will take for the total digital transformation of practically everything is longer than people think so we have a long ways to go.
Happy New Year!
Video Of The Week: The Shifting Funding Landscape – AVC
Good watch.
Cool to see Alice at EF as well.
Whither the Australian tech scene
Sad state of affairs down under in tech land these days.
This one seems pretty damaging – not a body blow but isn’t good sign.
But the fundamental fact remains that the powers being sought by law enforcement are ill-informed, badly drafted and a gross overreach,” Digital Rights Watch said in a statement. “This bill is still deeply flawed, and has the likely impact of weakening Australia’s overall cyber-security, lowering confidence in e-commerce, reducing standards of safety for data storage and reducing civil right protections.”
RMIT University’s Gregory said the effect of the laws would likely spread beyond terrorist or criminal activities and into private-sector investigations.
“It’s too rushed, too broad, not well-defined and ultimately will be misused,” he added. “People will also be able to use this not just for criminal law matters but also corporation law matters.”
Feels pretty dangerous and I wouldn’t want to be working in security down under.
Maybe this will all blow over but to me it doesn’t bode well for the Australian tech scene.
Hunter Walk – Building Picks and Shovels – [Invest Like the Best, EP.112]
Should be good. I like Hunter.
Hunter Walk – Building Picks and Shovels – [Invest Like the Best, EP.112]
How do you DD a VC who issues a term sheet? – grayscale_vc
Interesting list. I won’t say I don’t agree with the list but I think it is missing one big section.
#4 hints at it a little but not directly enough.
Do you get along with your VC is one I would add.
You will be spending potentially years around your VC either in board meetings, in coffee chats or on WhatsApp. I always tell founders to spend some time with the VC over lunch or coffee – just to get to know each other more.
I don’t think its only a financial transaction but there are lots of other elements involved.
How do you DD a VC who issues a term sheet? – grayscale_vc:
4. Operating Style Connected with value-add is the fund’s operating style. Are they hands-on or hands-off? If hands-on, how many times a month do they like to meet and what do they usually want to discuss. Will they get to know your whole management team or just the founders. And then choose which kind of VC you want for the next phase of growth. It’s preferable that you talk to companies regarding the specific manager within the fund team who’ll handle you post investment.
Seed funding in Singapore isn’t dead. Here’s all the proof you need.
Normally behind a paywall but this article is free for the day.
Here is one of my incendiary quotes:
Smith adds: “The meme that there is a stage-specific crunch is usually started by founders who have struggled to raise a round. The truth is that everyone struggles and fundraising for startups or venture funds are never easy.”
Seed funding in Singapore isn’t dead. Here’s all the proof you need.
Economics in One Lesson by Henry Hazlitt
Old but good.
Still digesting it. Had never heard of this one before.
http://www.hacer.org/pdf/Hazlitt00.pdf
The One Lesson:
From this aspect, therefore, the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Dreampipe's Blog 