Fred Destin, Discover and Read the Best of Twitter Threads by @fdestin

Fred Destin

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1/ Let me distill the Stride investment strategy in fifteen tweets. Yes, fifteen . 2/ To be able to make money, you need some form of edge. The edge does

1/ A CEO’s number one job is to define the mission, communicate that mission relentlessly, and keep everyone focused on the mission. That’s how you move the ball down the

How to get your hands on pre-seed funding 1/ First principle - THE PICK.Make sure you’ve picked your idea well! A problem you feel is really worth solving,

1/ Your startup valuation, explained simply 2/ Angels and Investors will buy newly issued shares (US: stock) in your company. They will invest a dollar amount (say $1M) and

1/ How VC economics work explained very simply 2/ Management company is the key entity. It is owned by the General Partners.Revenues are fees paid on funds (usually 2%,

1/ Fascinating conversation between @HarryStebbings and @chamath - my key outtakes written in the first person. 2/ Note I’ve written before about Social Capital’s initial mission and the "platforming of

1/ Optimising legal execution of startup docs should be easy. Here goes: 2/ Make sure your term-sheet is a detailed as possible. It’s THE reference.Have clear execution outline -

1/ When negotiating terms, founders have more leverage than they think. Why is that and how do you get to a successful outcome? 2/ It is a RARE event that

1/ What's going on with the startup funding market and what can we expect in terms of volumes and prices? Saddle up. 2/ In 2002 seed volumes dropped 85% and

1/ Finally some HARD data about the impact on funding and valuations for startups and VCs. Breaking down the study of @davidkelnar into key takeaways. Saddle up.https://twitter.com/davidkelnar/status/1252496283681591297 2/ In

1/ How's venture activity? @yanroux has just published a great survey of 64 Euro & UK venture funds - key takes below. 2/ Predictably the venture market is slowing -

1/ If you're trying to get a simple macro-view of the current downturn, few people are as articulate as Howard Marks of Oaktree -- I've summarised his key insights below: