People look at high valuations in early-stage venture and conclude there’s too much capital.
Another explanation for high valuations is we’re suffering a scarcity of (great) founders.
A thread on why we’re suffering from a founder scarcity and some ideas on how to solve it.
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In terms of there incentives, wouldn't you think VCs want more founders? Maybe not. They’ll only invest in a handful of cos a year, and those cos will hire 1000s of ppl — they want great talent to join them. Their advice is often “join a break out series A or Series B company”
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#3 Founder Pooling has never worked. Why would it work now? Fair enough! I'd suggest it hasn't really been tried. Maybe it won't, but there are other ways to diversify. E.g. Angel/Scout investing hasn't seemed to hurt founders chances of success (cc
@villageglobal)Prikaži ovu nit -
In conclusion, IMO: - We're suffering from founder scarcity, partially evidenced by rising valuations - We should systematically remove bottlenecks to starting cos - We can incentivize more founders by making median founder outcome closer to avg & by removing economic friction
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We also should decrease cultural friction to starting companies: - celebrate starting cos as a thing for ambitious ppl to do globally - see startup failures on resumes as badges of honor instead of blemishes - create communities to find co-founders & founder support(
@beondeck)Prikaži ovu nit -
Would love to hear thoughts & feedback. h/t
@BurakYngn and@david__booth for conversations on the topic.Prikaži ovu nit
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Idk much about Sil Valley, but most things have milieus. My ma is a nurse, so is my sis. Ditto my aunt and cousin. My best friends and their dads r firefighters. Lots of enlisted soldiers grew up near bases. More homes in Silicon Valley!
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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