asterisk2a + ycombinator   29

A Dozen Things I’ve Learned From Chris Sacca About Venture Capital | 25iq
“Good investors are in the service business.” “There are angels who have 75 companies and don’t call any of them ever.” [...] “Any VC will tell you where they really make their money is on following on, it’s on doubling down into the winners. The things that are growing geometrically in terms of users, revenue that kind of stuff.” [...] “I do try to focus a lot on the entrepreneur as a person, I think that has fallen out of the equation recently…. look for driven people.” [ execution, passion, vision, mission, alignment ] [...] “Companies don’t succeed, when there’s a lot of chiefs and no Indians.” [...] “Create value before you ask for value back.” [...] “It’s people with these broader life experiences who have balanced relationships who come up with the cool shit.”
Venture  Capital  a16z  First  Round  Capital  s23p  Chamath  Palihapitiya  Marc  Andreessen  Ben  Horowitz  500  Start-ups  ycombinator  Start-Up  advice  Start-Up  lesson  Networking 
august 2015 by asterisk2a
A Conversation With Y Combinator’s President Sam Altman | TechCrunch
We usually (but certainly not always!) give good advice. This is surprisingly hard to get for startup founders.
ycombinator 
august 2015 by asterisk2a
Y Combinator Finally Reveals Its Approach To Growth-Stage Investing | TechCrunch
- signaling risk - do or not do follow-on round participation, but exists with every existing investor (on the bend to invest in next round or not and have pro rata) http://www.bothsidesofthetable.com/2010/04/03/understanding-vc-signaling/
ycombinator  growth  round  signaling  risk  Venture  Capital  Seed  A 
july 2015 by asterisk2a
Naval Ravikant to VCs: “You can lie to your LPs, but don’t lie to yourselves” | PandoDaily
“There was so much innovation being thrown around—moveable carry, geographic portfolio, unbundling and more. Many were coming up to me later saying the ideas were flying at them too fast. That’s exactly what’s happening in the market.” Even if you don’t know what those terms mean, the important takeaway is that even the stodgiest VCs are going to have to start acting more like the entrepreneurs they serve because the market is only getting more competitive with the ways to fund becoming far more varied and “hackable.” [and add Corporate Accelerators, Incubators and Venture Funds] [...] restrictions LPs put on funds: things like how much you can invest, what percentage of a fund you can invest in follow on rounds of existing companies, what sector you invest in, whether you can invest personally if the fund invests as a group, etc.
Venture  Capital  angel-list  Seed  Round  Angel  Investor  SPV  Private  Equity  IPO  growth  Sand  Hill  Road  Silicon  Valley  500  Start-ups  Rocket  Internet  ycombinator  Accelerator  TechStars  Seed  Camp  Incubator  niche  vertical  Secondary  Market  a16z  s23p  hunt  for  yield  distortion  Signal  vs.  Noise  wantrepreneur  economics  of  abundance  abundance  marginal  cost  MicroVC  Party  Round  Start-Up  lesson  Start-Up  advice  ecosystem 
may 2015 by asterisk2a
New stats show raising Seed money from big VCs increases survival. (The opposite of what everyone in the Valley says) | PandoDaily
(2) Don’t do a “party round” (2) Don’t raise money from a major VC. They will only follow on with the best companies and the signaling risk if they say no can be damning. [...] The companies who raised funds from large VC firms did better than those who raised funds from micro-VCs. [...] The anecdotal stuff is true & the data is true. The answer to how thats possible lies, as everything else in venture world does, with a massive range of quality & low barriers to get in. [...] the # of firms who invest at least $1 million a quarter 4 at least four straight quarters, there are only a paltry 97 firms left in the industry. [...] Raising big institutional funds is hard. Even shitty big VC firms have 2 meet some kind of bar 2 get that money — which is increasingly disappearing in the US. [...] [ hypothesis/thesis of micro-VC is flawed & opportunistic of lower Start-up cost 2 get from idea 2 MVP 2 Product/Market Fit with some traction. higher delta between good & bad co&mVC&angel ]
Start-Up  lesson  Start-Up  advice  Venture  Capital  Seed  Round  Angel  Investor  Party  Round  distortion  hunt  for  yield  economic  history  unintended  consequences  ZIRP  NIRP  QE  technological  history  technological  progress  Micro-VC  VC  Product/Market  Fit  post-traction  Series  A  MVP  meritocracy  meritocratic  Accelerator  ycombinator  Seed  Camp  TechStars  500  Start-ups 
april 2015 by asterisk2a
Sam Altman on Twitter: "i don't think i've ever once heard a founder be really happy he or she raised a party round. end up with little help and lots of annoyance."
i don't think i've ever once heard a founder be really happy he or she raised a party round. end up with little help and lots of annoyance. - http://blog.samaltman.com/party-rounds &! http://youtu.be/nef6uTa2a5w min5 downside of open capital markets like kickstarter, indigogo, AngelList Syndicates ... ie Signal vs Noise ... and how to break through the noise.
Venture  Capital  Start-Up  lesson  Start-Up  advice  AngelList  ycombinator 
december 2014 by asterisk2a
Sure Stripe has more cash, but does it have a path to exit? | PandoDaily
The problem with raising capital at nosebleed valuations is that the number of scenarios under which a positive outcome is possible becomes greatly diminished. By raising at $3.5 billion, Stripe, [... and Investors ...] — are betting that the company can exit at or above $7 billion. That’s a steep price and largely eliminates acquisition as an option. The list of potential acquirers is likely limited to Facebook, Google, Apple, eBay, Amazon, and Alibaba in the tech sector. On the financial side, there are the large banks and credit card companies. But it’s hard to see anyone ponying up $7 billion to acquire Stripe, which has yet to prove that it has a sustainable business or attractive margins. [...] Not every round requires a doubling valuation, and in this case, it may turn out that everyone involved would be better if more modesty was applied. [...] [ Merger of Square & Stripe as worst case scenario? ] [ & IPOs to forget - Box, Groupon, Zynga, HortonWorks ... ]
Venture  Capital  Stripe  Apple  Pay  PayPal  Google  Wallet  Bitcoin  Amazon  Alibaba  Rakuten  Silicon  Valley  growth  round  exitstrategy  exit  strategy  IPO  M&A  business  model  margin  AliPay  Braintree  mobile  first  mobile  homescreen  Platform  network  effect  economies  of  scale  scaling  scale  Venmo  valuation  ycombinator  Unicorn  Square  Wall  Street  mobile  payments  online  payments  creditcard  Visa  Mastercard  payments  micropayments  Start-Up  lesson  Start-Up  advice 
december 2014 by asterisk2a
What We Learned From 40 Female YC Founders | Hacker News
http://blog.ycombinator.com/what-we-learned-from-40-female-yc-founders - "Not surprisingly, most of the women were domain experts solving a problem they themselves had. That's something that tends to be true of successful founders regardless of gender." - &! from the comments in the hackernews item - "I've been coding since I was ~13. I can understand why people who haven't might have valid reasons to wish they'd started earlier. I'd just say: beware self-fulfilling prophecies and selection bias. Lots of really excellent software people I've worked with got late starts. Lots of people who started early coasted or are still coasting. In the 25 years I've been coding, only a few years worth of that time really grew me as a developer, so what you work on has just as much impact as how long you've been working on it." [...] As an old boss of mine said when hiring, "Does this person have ten years' experience? Or one year's experience, ten times?". [...] [Ageism comes also up/is discussed.]
Start-Up  lesson  Start-Up  advice  ycombinator  programmers  programming  coding  Year  of  Code  practical  skills  practical  skill  set  continual  education  Silicon  Valley  subculture  Ageism  stereotype  bias  prejudice  Female  Founders 
november 2014 by asterisk2a
Before the Startup
+ http://avc.com/2014/10/paul-graham-dropping-serious-wisdom/ + @cdixion ""At its best, starting a startup is merely an ulterior motive for curiosity." via bit.ly/ZwNf4v + Eric Ries: "I want to say one more thing about @paulg's latest. People often can't understand why liberal arts education helps with being a tech founder. [...] Now when I get this question I'm going to say read this." bit.ly/1uEOuv9 + @cdixion "Startups are so weird that if you trust your instincts, you'll make a lot of mistakes." bit.ly/1nSQZIo + bit.ly/1oFsAAV + https://news.ycombinator.com/item?id=8399209
Start-Up  lesson  Start-Up  advice  entrepreneurship  entrepreneur  Liberal  Arts  Education  policy  ycombinator 
october 2014 by asterisk2a
Eric Newcomer – Venture Firms Fret as Y Combinator Soars | Genius
“You—and your references—have to be able to explain to a founder how you're going to help them.” +++ via https://news.ycombinator.com/item?id=8288119 +++ PS: Don't take money from X bc X give u higher valuation. VC firm is a Services Company as is YC. Pick from who feels best with services and added values. I would even go on to say that giving you money is not the core product value proposition any more in VC world. In a world of ZIRP/NIRP/QE/etc, a world were high net-worth individuals hunt for yield on AngelList and Co. Core Product Value Proposition moved to a the quadrants of people who went through it/domain expertise/network&connections/services to scale faster (from HR/taxes/office/law to finding and getting that guy[s] [plural] with the PhD&Work@ScaleExperience to scale Twitter back-end successfully).
ycombinator  Venture  Capital  a16z  brand  reputation  Network  Silicon  Valley  TechStars  500  Start-ups  Start-Up  lesson  Start-Up  advice 
september 2014 by asterisk2a
European Investor Admits He Pestered Female Entrepreneur For Sex In “Deal” Email | TechCrunch
But the way tech investing works is that people tend to invest in people like themselves. The horrible laws of homophily, the tendency of individuals to associate and bond with similar others, mean that they inevitably prefer to invest in people like them, and the cycle continues. Men tend to invest in men. Yet tech is forming the world as we know it today. It pervades every part of our world and will do for rest of human history. And this is a world that women occupy. Women who have their own capacities and ambitions to succeed and to make their impact in their own way. [...] We have to work out what it means for men and women to work equally in this industry — since we have so few examples of women rising to the top. || 2nd girl @luciemontel / @geschehaas facebook.com/geschehaas linkedin.com/pub/gesche-haas/4/773/b59 || http://bit.ly/VHbD0c http://bit.ly/1tnKPPf http://bit.ly/1obLldz http://tnw.co/1AxSAW1 http://dailym.ai/1qqqmFj http://bit.ly/1tjEy80 +YC http://on.recode.net/YFCETT
Women  in  Tech  abuse  of  power  code  of  conduct  code  of  social  conduct  diversity  inclusive  gender-based  harassment  gender-based  discrimination  everyday  sexism  sexism  sexismus  Misogynie  misogyny  gender  inequality  gender  politics  gender  pay  gap  gender  policing  gender  bias  gender  gap  discrimination  racial  discrimination  ethnic  minority  black  minority  minority  ethnic  discrimination  Silicon  Valley  jock  culture  Campus  white  male  privilege  entitlement  privilege  Privileged  male  privilege  inequality  homophily  bias  confirmation  bias  stereotype  prejudice  judgement  labels  label  boxes  Gesche  Wai-Yi  Haas  Gesche  Haas  Play  Patriarchy  Matriarchy  meritocratic  meritocracy  Venture  Capital  VC  No  Representation  STEM  Sexual  objectification  objectification  ycombinator 
august 2014 by asterisk2a
Diversity and Startups - Y Combinator Posthaven
"Sexism in tech is real. One of the most insidious things happening in the debate is people claiming versions of “other industries may have problems with sexism, but our industry doesn’t.” Both men and women claim this, even though it keeps getting harder to do in the face of shocks like the Tinder texts. We know there is a problem, especially when it comes to starting companies[.]" - // personal values, habits, (culture) will start to reflect internal/corp values and culturehttps://news.ycombinator.com/item?id=8086549
ycombinator  everyday  sexism  sexism  sexismus  gender-based  harassment  gender-based  discrimination  Women  in  Tech  glass  ceiling  gender  inequality  gender  politics  gender  policing  gender  bias  gender  norms  gender  role  gender  conforming  gender  discrimination  gender  equality  gender  non-conforming  gender  gap  bias  judgement  prejudice  stereotype  masculinity  feminism  feminist  equality  inequality  Silicon  Valley  pattern  recognition  pattern  matching  Venture  Capital  boys  club  diversity  pluralistic  society  black  minority  ethnic  minority  minority  LGBT  latino  minority  entitlement  white  male  privilege  alpha  male  male  privilege  Female  Founders  Privileged  privilege  Start-Up  lesson  Start-Up  advice  HR  hiring  jock  culture  Campus  corporate  culture  corporate  values  personal  values  brogrammer  Tinder  GitHub  IAC 
july 2014 by asterisk2a
A Sign Of The Hiring-pocalypse | TechCrunch
An entrepreneur-turned-venture investor told me over the weekend: Booms are the worst time to build a company.

Only capital is cheap. Everything else is expensive — talent most of all.

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Fed's ZIRP and QE (and Bailout bonanza, moralhazard) - did fuel VC/Seedfund pockets - overthrowing capped supply (investments in companies).
ZIRP and QE do increase the demand for alternative investments. And skews investors risk sentiment. They take on more risk in hope for the next big thing that brings them that more ROI that the market can not produce due to World Wide QE, ZIRP, currency debasement, Sovereign Debt Crisis.
monetarism  monetary  theory  monetary  policy  Fed  behavioral  finance  behavioral  economics  QE  supply-demand  economics  unintended  consequences  ycombinator  instagram  Zynga  Google  Facebook  Technology  Boom  bubble  entrepeneurship  venturecapital  vc  ZIRP  2012 
april 2012 by asterisk2a

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