Coming soon to many seed rounds and Series A near you, and also likely to much of the bootstrapping community: cap tables where literally all of the money comes from software people, not traditional sources (VC funds with non-tech LPs).https://twitter.com/HarveyMultani/status/1220022148636516362 …
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Tech people ultimately care about knowing other tech people approximately as much as people who play golf care about knowing other people who play golf. So, what can you spend $X0k on in a socially acceptable manner to repeatedly get close to interesting people in tech?
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And finally, at the end of the day: In a capital rich environment, the cap table is the people the founders enjoy having on the cap table. Who do founders break bread with when they’re *not* raising money? Who do they look up to? Who do they want in their lives for 10+ years?
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This does imply that the set of people granted capital through this route will become less diverse and more geographically concentrated; another literal old boy's club controlling who gets rich next.
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It likely implies the exact opposite of that, because software people (while they do have concentrations) are substantially more geographically dispersed than VC firms. Similarly: if you think software people are older than VC GPs on average, you’re almost certainly not right.
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