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WillManidis's profile
Will Manidis
Will Manidis
Will Manidis
@WillManidis

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Will Manidis

@WillManidis

ceo @ScienceDotIO

Cambridge, MA
willmanidis.com
Joined September 2016

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    1. Bugger Oaf‏ @buggeroaf 5 Dec 2020

      VCs fulfill a function of "capital to grow something thats working" Angels fulfill a function of "capital that shows I support everything you will do" /fin

      2 replies 1 retweet 35 likes
      Show this thread
    2. Bugger Oaf‏ @buggeroaf 5 Dec 2020

      p.s. Every single investing entity out there should write a 1 pager on their site thats titled: "How we like to engage pre and post investment"

      5 replies 2 retweets 47 likes
      Show this thread
    3. Michael Dempsey‏Verified account @mhdempsey 5 Dec 2020
      Replying to @buggeroaf

      I agree with a lot of this but wow this is a very negative take on VC behavior and the *most* positive on angels, when in reality both can be utterly useless or worse in various ways.

      2 replies 0 retweets 0 likes
    4. Michael Dempsey‏Verified account @mhdempsey 5 Dec 2020
      Replying to @mhdempsey @buggeroaf

      Specifically perpetuating idea that it's best to hide info from your VCs as it can be used against you is horrible advice. Purely from founder POV it hides rate of learning which is important for follow on considerations.

      1 reply 0 retweets 0 likes
    5. Bugger Oaf‏ @buggeroaf 5 Dec 2020
      Replying to @mhdempsey

      So you're saying its ok for me to tell my VC board member about my break up with my partner to them and tell them its psychologically affecting my ability to run the startup day to day and that I am having self-harm thoughts? I respectfully disagree.

      2 replies 0 retweets 0 likes
    6. Michael Dempsey‏Verified account @mhdempsey 5 Dec 2020
      Replying to @buggeroaf

      I don't think you are obligated to but I think it's perfectly fine to and I personally appreciate that level of relationship. I've had this type of convo with founders (to varying degrees of severity). Building a company is hard & my job as a VC is to understand that in all ways

      1 reply 0 retweets 1 like
    7. Bugger Oaf‏ @buggeroaf 5 Dec 2020
      Replying to @mhdempsey

      Bugger Oaf Retweeted Bugger Oaf

      Yep #NotAllVCs I guesshttps://twitter.com/buggeroaf/status/1335355546212286464?s=20 …

      Bugger Oaf added,

      Bugger Oaf @buggeroaf
      A few VCs got stung by the "speak to VCs as if it may be used against you in the future" tweet in today's thread https://twitter.com/buggeroaf/status/1335273408645398528?s=20 …
      Show this thread
      1 reply 0 retweets 0 likes
    8. Michael Dempsey‏Verified account @mhdempsey 5 Dec 2020
      Replying to @buggeroaf

      Also selfishly the other blanket statement is possibly "don't take seed money from funds who you want to lead your A" because these doubts could then matter much more.

      2 replies 0 retweets 3 likes
    9. Will Manidis‏ @WillManidis 5 Dec 2020
      Replying to @mhdempsey @buggeroaf

      hot take: raise your seed from the firm you want to lead your B. Use your A to diversify the cap for the things you didn’t know you’d need

      2 replies 0 retweets 1 like
    10. Michael Dempsey‏Verified account @mhdempsey 5 Dec 2020
      Replying to @WillManidis @buggeroaf

      Unless your seed lead wants to do the A and you cut them back at A and then they are petty when B comes around.

      2 replies 0 retweets 1 like
      Will Manidis‏ @WillManidis 5 Dec 2020
      Replying to @mhdempsey @buggeroaf

      lots of large late stages won’t lead successive early rounds as a matter of practice— which avoids this. If this isn’t clear, this bookend strategy sucks

      3:01 PM - 5 Dec 2020
      • 2 Likes
      • Michael Dempsey Bugger Oaf
      3 replies 0 retweets 2 likes
        1. Bugger Oaf‏ @buggeroaf 5 Dec 2020
          Replying to @WillManidis @mhdempsey

          LOL yea.

          0 replies 0 retweets 0 likes
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        2. Michael Dempsey‏Verified account @mhdempsey 5 Dec 2020
          Replying to @WillManidis @buggeroaf

          Lots won't, but many of the best, will. And I think that will only increase tbh. Either way my point is when it comes down to me and someone with 10x+ my fund size, I’m better. Kthxbye.

          1 reply 0 retweets 2 likes
        3. Bugger Oaf‏ @buggeroaf 5 Dec 2020
          Replying to @mhdempsey @WillManidis

          Sounds like the Kanye West Presidential strategy.

          1 reply 0 retweets 0 likes
        4. Show replies
        1. Bugger Oaf‏ @buggeroaf 5 Dec 2020
          Replying to @WillManidis @mhdempsey

          Very hard to explain that away at the A. No matter how much late stage VC will wrap that story, the incoming lead will be suspicious unless they're a family of firms with back end connections.

          0 replies 0 retweets 0 likes
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