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1/ @BoostVC just raised a $40m fund after 7.5 years of operation.
A thread on things in Venture Capital
A thread on things in Venture Capital
2/ VC is a business too, and it's being disrupted:
Building trust online gives accelerated investment timeline
Access online gives accelerated networking, no more proprietary deal flow
We are all either media companies backed by assets or asset companies supported by media
Building trust online gives accelerated investment timelineAccess online gives accelerated networking, no more proprietary deal flowWe are all either media companies backed by assets or asset companies supported by media
3/ VCs can only really offer 3 things
Money
Experience
Network
But all of these things, depending on who is delivering, can be asymmetrically helpful or harmful
MoneyExperienceNetworkBut all of these things, depending on who is delivering, can be asymmetrically helpful or harmful
4/ The world is moving from individuals who are good at the "art" of venture to the scale of "Venture Science" and in that, the models that will define the venture capital market in the future are @cartainc @AngelList @ycombinator ... and obviously @BoostVC
5/ The difference between an angel investor and a fund manager is that a deal that does 3x doesn't return a fund, but an angel is stoked!
6/ Every early stage startup has similar stages:
Ideation
Creation
Distribution
Regulation
Depending on what stage you are at, success is generally determined by lowering the cost associated with of each of these elements.
VCs can be helpful in reducing those costs
IdeationCreationDistributionRegulationDepending on what stage you are at, success is generally determined by lowering the cost associated with of each of these elements.
VCs can be helpful in reducing those costs
7/ Networks are compounding
In venture, creating branded network that is the difference between Alumni and Portfolio is a moat! Those people involved define your brand.
Authenticity and time builds a brand
YOUR BRAND AND NETWORK ARE PARAMOUNT.
In venture, creating branded network that is the difference between Alumni and Portfolio is a moat! Those people involved define your brand.
Authenticity and time builds a brandYOUR BRAND AND NETWORK ARE PARAMOUNT.
8/ At the earliest stages of a startup, it is impossible to know what will work as an investor:
The common thread with successful founders I know has been:
The desire to win (COMPETITIVE)
Iterative habit of bettering themselves
Also they have been extremely likable
The common thread with successful founders I know has been:
The desire to win (COMPETITIVE)Iterative habit of bettering themselvesAlso they have been extremely likable
9/ The magic of early stage is the human connection. The potential impact that could be made. And the fun of not knowing all the answers.
10/ My team has made every pitfall we have faced worth it. Thanks @BraytonKey @MaddieCallander Langa and Jess!
Whether a VC or a founder... only surround yourself with the best.
Also shout out to my #1 cheerleader, my wife!
Whether a VC or a founder... only surround yourself with the best.
Also shout out to my #1 cheerleader, my wife!
11/
@BoostVC is the accelerator for Sci-Fi Tech. We invest $500k for 15% of a company.
Applications are open: http://www.boost.vc/apply
Demo Day for investors is Tuesday: http://www.boost.vc/rsvp
@BoostVC is the accelerator for Sci-Fi Tech. We invest $500k for 15% of a company.
Applications are open: http://www.boost.vc/apply
Demo Day for investors is Tuesday: http://www.boost.vc/rsvp
12/
And I should mention. Founders are the greatest gift to human progress.
We are lucky to be able to support such creative and passionate humans.
We do it for the founder. We are founder support. :)
And I should mention. Founders are the greatest gift to human progress.
We are lucky to be able to support such creative and passionate humans.
We do it for the founder. We are founder support. :)
