What would you do if there's 4 very amazing ongoing crypto early stage investment opportunities in your pipeline (@socialgraphvc): (DM me for some tea on who they are and help me make up my mind) One is at the intersection of crypto and ai, specifically tackling what Scale ai did, with a liquid token The second is m... Show more

$RNBW set out to TGE at 100M, market corrected to 46M Consumer companies trade at 6-15x price / sales (Robinhood, Coinbase, Nu, Revolut) RNBWs annualized revenue is 2.6M If we use the 10x median, it’s a 26M FDV Don’t get me wrong, the team is killer, with 180k MAUs and a great product, but markets are becoming more wary

See your nails? They’re growing at a 1 nm/sec rate ASML machines allow TSMC to produce chips 5 nm thin, and they have a monopoly on them

The US mind cannot comprehend what a day it was for football, sports fans and betting platforms

Crypto VCs don’t like revenue Bootstrapped 4 person team, 0 marketing, young and hungry founders, novel and misunderstood market for boomers This team would easily receive a term sheet at 5-10M valuation range but because it’s not the most novel L1 Hmu for an intro

The key disrupting web3 social player will be the one who counter positions and flips the ad economics on its head. The current web3 social lego blocks are table stakes: Every account has a wallet. Read and write is permissionless. Clients drive competition. The new lego block should be an auction based ad model, ... Show more

Good time to bring this conversation back - our memo on investing in Neynar. Started as a no-code tool, now a codegen tool

Neynar goated

A sense of urgency doing business is a key trait from founders They skip the small talk, go into the main business conversation in 1 min or less They arrange the meetings for the same day/next day They make stuff happen quick, right after the calls

There’s a sweet spot in my heart for bootstrapped founders that are cashflow positive with 30%+ net margins

One of a kind DNA, and one of a kind life experiences Our uniqueness is a seed planted at birth which leads to our life’s purpose

VC is like any game, there's skill and luck. The key is having both. Having skill when it comes to accessing and assessing the best companies Having luck when it comes to a market mispricing a founder. This means to buy great crypto businesses, before they are hot. Most good deals will be priced as hot deals, bu... Show more

Sequoia has a page rank for people Imagine you did a favor to a CTO and then ask: “who are the top 5 other engineers you know?” Every single investor at @sequoia does this, for all roles, for all the companies they know They have a talent map of the best talent in tech, and they’ve been doing it for 10 years because... Show more