Compound. Compound. Compound.
A founder in his late 70s gave me that advice ~20 years ago. This week, he sold his company for $29B.
David Frankel
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Major Talent, Minor Ego: Why I Backed Suno at Pre-Seed
Suno just hit $300M ARR. As their sole pre-seed investor, I didn’t have a grand AI thesis.
Set the Table if You Want to Be Served
A portfolio company recently sent us a spreadsheet of 200 investors they wanted introductions to, listed alphabetically. I applaud the comprehensiveness, but the request was ill-formed.
What’s Good for Sovereign Wealth Funds Isn’t Necessarily Good for Founders
Pensions funds, SWFs, university endowments, and other large institutional LPs have specific needs. The defining one is scale.
A Soft Pitch Can Trigger a Hard Pass
A word of warning to founders – if you’re talking to a VC, you are pitching.
Hype & PR Fade. Patience Compounds.
Venture capital does itself no favors with an all-or-nothing mindset.