The average founder may have a good outcome, but we need to make the median under have a better outcome. How? Diversification VC firms can give upside in portfolio, or VC founders can become scouts, or they should engage in founder pooling activities. (Employees too, ideally)
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Erik Torenberg je proslijedio/a tweet korisnika/ceErik Torenberg
To be sure, there are many bottlenecks besides risk—perceived career risk, fear of failure, mental health, to name a few—and even within economic risk, founder pooling is just one solution. Visas, health insurance, cheap housing, child care are others.https://twitter.com/eriktorenberg/status/1209013576347709440?s=20 …
Erik Torenberg je dodan/na,
Erik TorenbergOvjeren akaunt @eriktorenbergHow could we remove bottlenecks holding ppl back from starting companies? IMO: - Visa issues, safety net (health/child care) - Enabling founder diversification (founder pooling/scouting) - ISAs - Communities that help ppl navigate ideas & co-founders (http://beondeck.com ) https://twitter.com/eriktorenberg/status/1208942662054604801 …5 proslijeđenih tweetova 84 korisnika označavaju da im se sviđaPrikaži ovu nit -
I think we should be doing everything possible we can to unlock more great founders. How many people are out there who, if they started a company (or a few companies), could create the next $1b company? 100s? 1000s? VCs far smarter than I disagree here on several grounds
9 proslijeđenih tweetova 89 korisnika označava da im se sviđaPrikaži ovu nit -
#1 They'd prefer some barriers They think that "security" is inversely correlated w/ success. There is some truth to this (which is why we don't give big founder salaries) There is probably a Laffer-esque Curve for security & likelihood of success, but we're not close to it IMO
3 proslijeđena tweeta 53 korisnika označavaju da im se sviđaPrikaži ovu nit -
Erik Torenberg je proslijedio/a tweet korisnika/ceErik Torenberg
They think founder diversification will mean less "all-in" from the founders This thread best demonstrates the sentiment https://twitter.com/eriktorenberg/status/1123331923466522624?s=20 … I'm sympathetic to it, but don't think we're close to the point on this Laffer Curve—we can allow some diversification w/o sacrifice
Erik Torenberg je dodan/na,
1 reply 3 proslijeđena tweeta 51 korisnik označava da mu se sviđaPrikaži ovu nit -
#2 They don't buy that they're are great founders out there held back. If they need the support/encouragement to start, how will they scale? I'd equate it to Military: Many great soldiers "stumbled" into war & made it their mission once they got there, but they needed the push
3 proslijeđena tweeta 51 korisnik označava da mu se sviđaPrikaži ovu nit -
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”
3 proslijeđena tweeta 41 korisnik označava da mu se sviđaPrikaži ovu nit -
#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)2 proslijeđena tweeta 34 korisnika označavaju da im se sviđaPrikaži 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
6 replies 9 proslijeđenih tweetova 85 korisnika označava da im se sviđaPrikaži ovu nit -
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)12 replies 15 proslijeđenih tweetova 139 korisnika označava da im se sviđaPrikaži ovu nit
startup failure will always be a badge of honour in my book, actually failure of any kind that’s noteworthy enough to get put on the resume is
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Intriguing notion. Most immigrants and overlooked founders disagree.
0 replies 0 proslijeđenih tweetova 1 korisnik označava da mu se sviđaHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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