Leo Polovets

@lpolovets

General Partner (seed investor in , ). We invest $1m into $2m+ seed rounds. Prev: , 2nd eng hire ,

Joined May 2009

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  1. Pinned Tweet
    Jan 10

    Unexpected lessons from VC/startups: - being nice is a competitive advantage - everyone struggles behind the scenes, even the big success stories - 75% of success is luck, but you still need the other 25% (hard work+talent) - most professionals should be numerate; many aren't

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  2. 9 hours ago

    4/ Finally, some billionaires are wonderful people and some are awful, just like some minimum wage workers are wonderful people and some are awful. The solution is not to punish billionaires, but instead to punish bad behaviors.

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  3. 9 hours ago

    3/ Note that no one says, "once a salesperson sells $500k, that's more than enough, so we'll stop paying them commission." Or, "this team already won two Superbowls, so let's ban them from future championships." So why would capping incentives for value creation be a good idea?

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  4. 9 hours ago

    2/ Would you rather have access to Amazon, Uber, Apple, FB, Google, Ikea, Walmart, Ford, etc. while the founders of those companies become very rich, or would you rather have neither the founders becoming wealthy nor those companies' products?

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  5. 9 hours ago

    1/ My defense of billionaires: becoming a billionaire is generally tied to creating MANY billions of value for others. The societal contributions of billionaries increase our quality of life MUCH more than their existence decreases our quality of life.

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  6. 10 hours ago
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  7. 14 hours ago

    I'm so excited about the big game today! Best driving conditions of the year, and no lines anywhere. It's like a little piece of Burning Man week, but in February.

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  8. 16 hours ago

    Posting my most contrarian opinion ever: I did not like the Good Place finale. Anyone else?

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  9. 16 hours ago

    If you're interested in how raising a VC fund works, here's an excellent AMA with .

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  10. Retweeted

    Top 10 reasons to start a startup: The friends you’ll make for life.

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  11. Retweeted
    Feb 1

    I wrote up my thoughts about Elliot, a new ecommerce platform that’s minimizing friction on multiple different levels, after using it to build a store. Check it out:

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  12. Retweeted
    Feb 1

    Reasons why startups should price relatively high in general: 1. Easier to lower prices than raise them 2. PMF at low price doesn't mean PMF at a higher one 3. Less likely to leave money on the table 4. If your product is actually 10x better, it's worth it What else?

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  13. Retweeted

    Most people never, ever forget the first person to give them a sizable advance on their own self-confidence — there's no greater security in life than being a serial enabler of wonderful young people

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  14. Jan 31

    I'm excited to dig into this. "Statistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications" by Nassim Taleb (On a side note, I think this is the first time I've ever shared something by a person I've blocked.)

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  15. Jan 31

    I know I've listened to a lot of pitches this week when I reply to an email with "let's fund a time to chat."

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  16. Jan 31

    (Not subtweeting any specific city, just a random observation.)

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  17. Jan 31

    The lack of seed stage venture capital in most cities is crazy to me. Once a company has traction, it can get attention from VCs across the world. But at inception, a lack of local capital makes it very hard to get off the ground. I'm bullish that this will improve in the 2020s.

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  18. Jan 31

    A very succinct explanation of why most licensing requirements are arbitrary and unfair. (h/t )

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  19. Jan 30

    The amazing story of how Cliff Young won the Sydney/Melbourne ultramarathon at age 61 is a🎯analogy to building a big company: - you need tremendous endurance + hard work - apply a novel approach - key motivation is the challenge, not the $ - success = creating value for others

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  20. Retweeted
    Jan 30

    Thanks and for letting continue to back your awesome company.

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  21. Jan 30

    "In 15 minutes."😂 An o̶v̶e̶r̶n̶i̶g̶h̶t̶ 15-minute success that's 25 years in the making.

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