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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred 17 Dec 2017

      Seed stage VCs stress waaaaay too much about competition. Most markets are enormous and not winner-take-all.

      8 replies 20 retweets 117 likes
      Show this thread
    2. Austen Allred‏Verified account @AustenAllred 17 Dec 2017

      One VC asked us to fill out a four page “competitive analysis” on how we would stack up against a competitor. We’re already bigger than them and it’s been four months.

      8 replies 2 retweets 30 likes
      Show this thread
    3. Austen Allred‏Verified account @AustenAllred 17 Dec 2017

      My favorite story is from a friend. Got an email that just said, “Aren’t there already other startups like [company] dominating the insurance space?” Insurance. A multi-trillion dollar market.

      3 replies 3 retweets 32 likes
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    4.  🤖 Sonya Mann  🎀‏Verified account @sonyaellenmann 17 Dec 2017
      Replying to @AustenAllred

      I often think that VCs and reporters have somewhat similar jobs in terms of day-to-day but this is an interesting divergence. The state of the competitive mix is a really important to whether I'm interested in covering a startup

      1 reply 0 retweets 3 likes
      Austen Allred‏Verified account @AustenAllred 17 Dec 2017
      Replying to @sonyaellenmann

      Don’t get me wrong, it’s important; some incumbents have advantages, some markets are flooded. But VCs as a category stress way too mich about the one other barely-existing company doing the same thing.

      9:52 AM - 17 Dec 2017
      • 1 Retweet
      • 3 Likes
      • Keith Wasserman Neil Cocker 🤖 Sonya Mann 🎀 TProphet
      1 reply 1 retweet 3 likes
        1. New conversation
        2. TProphet‏ @TProphet 17 Dec 2017
          Replying to @AustenAllred @sonyaellenmann

          Yep. Our biggest @CuddliApp competitor focused almost entirely on what we were doing vs. winning with users. That is why we are ahead in our category.

          1 reply 0 retweets 0 likes
        3. TProphet‏ @TProphet 17 Dec 2017
          Replying to @TProphet @AustenAllred and

          (Also they were funded, we have never raised)

          0 replies 0 retweets 1 like
        4. End of conversation

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