Clearly
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Replying to @AustenAllred @zebulgar
Turns out it’s not incredibly difficult for people who have made a lot of money outside of startups to raise a $10m fund from Chinese and Arab LPs
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Replying to @AustenAllred
Everyone talks about the Bitcoin bubble. The proliferation of $10 - $50M seed funds is the real bubble.
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Replying to @zebulgar @AustenAllred
I’m happy to be competing for allocations with people who want founders to write essays.
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I’m fascinated by the funds that have embraced the post-YC spray and pray. Find the top n% in a batch by asking around or looking at traffic or something stupid, write $100k checks into all of them. We had 3 or 4 of those. Brainless, but then you’re in Cruise, so...
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Signing SAFEs and sending wires is hard work
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Replying to @AustenAllred @zebulgar
Do you believe there’s room for your smaller seed stage investors to do the (useful) things your larger investors are doing?
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Replying to @terronk @AustenAllred
Had a founder tell me yesterday his $100k check was way more helpful than his $1M check
2 replies 0 retweets 3 likes
100%. Even 20k checks. If x axis is amount invested and y is helpfulness, our graph is an inverted bell curve.
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Replying to @AustenAllred @terronk
Yes!! Small guys trying to prove themselves and big guys know what it takes to make it work.
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In what crazy seed world is $1m the middle of the curve for check sizes?
0 replies 0 retweets 2 likes
End of conversation
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