I've been working on a theory. I call it "community is the new scarcity", or "the unbundling of venture capital" Let's try this, hive-mind.https://twitter.com/eriktorenberg/status/1217522724077109248 …
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1/ in the 90's and 2000's, capital was the bottleneck to starting up. You needed $5-10M from Sand Hill to build all that infrastructure.
1 reply 0 proslijeđenih tweetova 8 korisnika označava da im se sviđaPrikaži ovu nit -
David Booth je proslijedio/a tweet korisnika/ceErik Torenberg
2/ In the mid 2000s — mid 2010's, that changed. Engineering became the new scarcity. Anyone can start up... so long as you can code. Enter YC:https://twitter.com/eriktorenberg/status/1208230807044640768 …
David Booth je dodan/na,
Erik TorenbergOvjeren akaunt @eriktorenbergin 2005,@paulg discovered an arbitrage opportunity by identifying that young technical founders were being overlooked in 2019, with the rise of no-code & the intense focus on technical founders, perhaps the pendulum has swung + a new arbitrage opp is biz&product minded foundersPrikaži ovu nit1 reply 0 proslijeđenih tweetova 9 korisnika označava da im se sviđaPrikaži ovu nit -
3/ Today, it's never been easier to start up. You can no-code your way to MVP with
@webflow,@airtable... you can learn to code online with@LambdaSchool or figure it out on your own... build a brand/distribution on Instagram, YouTube, Twitter.1 reply 0 proslijeđenih tweetova 19 korisnika označava da im se sviđaPrikaži ovu nit -
4/ But while anyone can now start building a company, lots of great people are still sitting on the sidelines. Why? The scarcity has shifted. To what?
1 reply 1 proslijeđeni tweet 9 korisnika označava da im se sviđaPrikaži ovu nit -
4(a)/ Access to talent and co-founders: conventional wisdom holds that founders should know each other or have worked together prior to starting a startup. We believe this to be false: founders can be matched or meet randomly, and we engineer this serendipity at
@beondeck.1 reply 0 proslijeđenih tweetova 22 korisnika označavaju da im se sviđaPrikaži ovu nit -
4(b) User attention and distribution: in an industry driven to “build something people want”, attention has never been more scarce. Getting buy-in from a network of well-connected, committed early adopters can be the difference between life or death for a new product.
1 reply 0 proslijeđenih tweetova 13 korisnika označava da im se sviđaPrikaži ovu nit -
5/ The best founders know this, and lean into it. Building as part of a strong community helps you lift above the noise.. hire the right people, build the right product. Last week
@seanlinehan told me this:pic.twitter.com/knXBtgFm0g
1 reply 0 proslijeđenih tweetova 13 korisnika označava da im se sviđaPrikaži ovu nit -
David Booth je proslijedio/a tweet korisnika/ceErik Torenberg
6/ Let's go deeper. College is a bundle of three things: curriculum, credential, and community. You leave with a credential, but community is often overlooked. Most great opportunities come from who you met, not what you learned.https://twitter.com/eriktorenberg/status/1217590443468185600 …
David Booth je dodan/na,
Erik TorenbergOvjeren akaunt @eriktorenbergThe credential is the last element to be unbundled from college: - education (MOOCs) - networks (accelerators) - credentials (stay tuned) My bet: P2P credentials If I trust you & you say X is the best young person you've worked with, that means more to me than a Harvard degreePrikaži ovu nit1 proslijeđeni tweet 15 korisnika označava da im se sviđaPrikaži ovu nit -
7/ Venture capital — and particularly the accelerator model of VC — is a bundle of three things: capital, credential, and community. They all give you capital. The best ones also give you a credential ("backed by X"). Many talk about building community... some do it well.
1 reply 0 proslijeđenih tweetova 9 korisnika označava da im se sviđaPrikaži ovu nit
David Booth je proslijedio/a tweet korisnika/ceMike Raab
8/ This venture capital bundle has proven lucrative, resulting in some of the best investment returns of all time. But over the course of history, value accrues at the transition between unbundling, and re-bundling of products and services.https://twitter.com/hithereimmike/status/1149481029138173953 …
David Booth je dodan/na,
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9/ But something's different here. Community — almost by definition — must be scarce. If it gets too big, if just anyone can get in, it's less intimate. Less valuable. Figuring out how to thoughtfully scale community is probably 90% of my job at
@beondeck. Story for another day.5 replies 1 proslijeđeni tweet 17 korisnika označava da im se sviđaPrikaži ovu nit -
David Booth je proslijedio/a tweet korisnika/ceBrandon R. Hill
10/ When demand for components of a bundle become unbalanced, opportunity arises. We believe entrepreneurs deserve a better community, without giving up big chunks of their cap tables. h/t
@IamBrandonHill for my new favorite catch-phrase...https://twitter.com/IamBrandonHill/status/1151134181616783366 …David Booth je dodan/na,
0 proslijeđenih tweetova 14 korisnika označava da im se sviđaPrikaži ovu nit
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