founder, father, salesman, writer, business junkie - $300M+ in inventory; 1Bn+ products, 28+ years making products. making Inventory Successful with MFD
Feb 25, 2023 • 5 tweets • 2 min read
I love VC firms tryna broaden access to angel investments for non-startup folks but even at a $1k check or $5k check, here's a few realities:
1/ A $1k check is not going to move the needle. 2/ It takes a power law outcome to return the portfolio 3/ Its hard seeing $$ go to zero.
Its critical that fund managers don't mislead investors with the tropes like:
"you're making a difference" - you're not.
"you're adding value" - you're not.
"you get smarter" - only if you put in the time.
Angel Investing in startups is like collecting rare stamps.
Jan 13, 2023 • 11 tweets • 1 min read
A few pre-conceived impressions on popular Series A VC firms as I put a list together - why it feels exhausting to pitch these guys as a Seed founder who's raised $$$ over 8-10 years in the Valley and everywhere...
1/ A16Z: big cruise ship, might get lost, partner = employee, hard to get people's attention, startup = cog in the wheel that drives returns.