I appreciated this succinct discussion on using venture dollars well from Hunter Walk. In particular, this: “Startups spend a $1 to ultimately try and create more than $1 of company. If you do that repeatedly and efficiently we will all make money together.” Too many founders still think of investment as being akin to a grant. #Startups
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“White women founded companies comprise 79% of reported early-stage VC dollars going to underrepresented founders and 64% of investments made into companies with underrepresented founders by deal count. Ecosystem-wide, we need to up our game by investing seed money into a broader spectrum of founders of color.” #Startups
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These are the right questions to ask. #Startups
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Interesting to see what creating a new startup entails in 2023. #Startups
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“Chinese platforms have been experimenting with paid membership models for over a decade and offer new frameworks for the West to consider. They are also a great source of ideas for individual features that are universal.” #Startups
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“As funny as it is that Zuckerberg responded to “don’t spend as much money on the metaverse” with “I will now spend more on the metaverse,” anybody with half a brain can see that he is burning his company to the ground. Zuckerberg is experiencing peak founder-brain - that previous success begets future success and that has had several good ideas means that every idea you’ll ever have is perfect.” #Startups
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“The approach ensures that an open core company can’t switch to solely creating proprietary software. The charter also addresses other issues we have seen in open source projects like withholding security fixes and transparency issues.” #Startups
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“Usually when a solo founder thinks they need to do more coding than marketing, it's because they don't want to do marketing, not because they genuinely think they need to spend more time on product.” #Startups
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“I’ve come to view the idea that you absolutely need a co-founder as one of the most harmful memes in Silicon Valley. It’s probably killed more companies than any other misconceptions out there.” Really solid advice. #Startups
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