Profile picture
Tren Griffin
@trengriffin
, 3 tweets, 1 min read Read on Twitter
"Every VC fundraise has an Excel sheet that forecasts the performance of the fund. ...This exercise is also known as 'let me show you how we get to 3-5x net.'" Hunter Walk google.com/amp/s/hunterwa…
"Often I see the forecast models constructed with a bunch of assumptions that are totally out of whack – often dramatically underestimated dilution pre-exit, zero failure rate in the investments or outcome modeling suggesting every one in 10 backed startups will be a $1b+ exit."
"Companies which raise too much too early might think they’re de-risking their funding but also may intro a host of other issues.” Hunter Walk google.com/amp/s/25iq.com… More VC backed startups die from indigestion than starvation.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Tren Griffin
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @trengriffin see all

Profile picture
Tren Griffin
@trengriffin
A lot has been written about challenges facing journalism this week, but not so much about the business challenges. The formula an owner of a media outlet faces can be represented in a formula: abovethecrowd.com/2012/09/04/the… Each variable in the formula can make or break the business.
Among the critical variables for a media business is "customer acquisition cost." The higher that cost is, the greater the risk that (1) customer churn can result in stranded capital and (2) the business runs out of cash since the CAC is paid up front and revenue often is later.
The cost of acquiring a customer varies based on many factors, but to keep math simple assume it is $100 *on average* for newspapers/mags with significant variability by sales channel. If you look at many industries you can start to guess what CAC is or will be for a new product.
Read 9 tweets
Profile picture
Tren Griffin
@trengriffin
Why not use the term "volatility" to describe volatility? Because without pretending risk is defined by volatility you can't pretend you can quantify all risk with volatility. Pretending is fun and some people will pay you to do it in this way! cnbc.com/2019/01/25/if-…
"While volatility is quantifiable and machinable – and can be an indicator or symptom of riskiness and even a specific form of risk – it falls far short as “the” definition of investment risk. [Investors] fear a possibility of permanent loss.” Howard Marks google.com/amp/s/25iq.com…
Fund managers fear volatility since that can cause customers to flee! But customers can also flee due to a permanent loss of capital or a strait line one way drop in value.

Volatility created by markets is what creates investing opportunity for a margin of safety investor.
Read 3 tweets
Profile picture
Tren Griffin
@trengriffin
Pricing power in a value chain is determined by relative scarcity. As the cost of creating the wholesale product decreases, the share of the profit pool realized by businesses that own distribution increases. This is true in every industry, but more so if the service is digital.
"The model for successful tech companies, contrary to myth and legend, is that they become distribution-centric rather than product-centric. They become a distribution channel, so they can get to the world. And then they put many new products through that distribution channel..."
"One of the things that’s most frustrating for a startup is that it will sometimes have a better product but get beaten by a company that has a better distribution channel." Andreessen a16z.com/2018/07/20/aft…
Read 4 tweets

Related threads

Profile picture
Yeshua's Soldier ⚪
@BanksyArtist
1*
@CecileRichards from the murder machine known as #PlannedParenthood @PPact
recieve from government funding an average 500 million a year.
google.com/amp/s/www.cath…
2*
Why did Parenthood just spend 38 Million this past midterm?

They gave the 38 MM on Democrats to oppose @realDonaldTrump

YOUR TAXES helping to abort 300,000 little innocent babies.

They were also @HillaryClinton's top donor for the 2016 election.

opensecrets.org/orgs/summary.p…
@realDonaldTrump @HillaryClinton You pay your taxes, and have worked hard for a paycheck.
Government take your taxes, gives them to planned parenthood.
Planned parenthood donatea it to democRATS

@realDonaldTrump Stop givinq grants to @PPFA
Read 3 tweets
Profile picture
josie fiorda #GoldStandard
@JosieFiorda
RV/Intelligence Alert: "Assets" -- October 14, 2018

Operation Disclosure operationdisclosure.blogspot.com/2018/10/rvinte… herald.co.zw/statutory-prot…
RV/INTELLIGENCE ALERT - October 14, 2018

(Disclaimer: The following is an overview of the current situation based on intelligence leaks received from several sources which may or may not accurate. Other confirmed sources may also be included in this overview.)
The BRICS Alliance has been systematically dismantling the Cabal economically (China) and militarily (Russia).
Read 17 tweets
Profile picture
overit
@Stephaniefishm4
😳
google.com/amp/s/www.unia…
Read 5 tweets
Profile picture
Sursdik
@SURSDIK
Is President Obama Reading A Muslim Book Called The Post-American World? wafflesatnoon.com/is-president-o…
Why was this immediately disregarded as false?
What is ‘Post-American World by Fareed Zakaria’?
Why is this relevant?
Why would the President of the UNITED STATES OF AMERICA be reading this book?
What church did BO attend as pre-POTUS?
Who was BO’s mentor?
How is Alwaleed and HRC connected?
Who was HRC’s mentor?
How is Alwaleed and Bush Sr./Jr. connected?
What occurred post 9-11?
What war did we enter into?
What was the purpose and disclosures given re: justification?
Who financed 9-11?
Read 1560 tweets
Profile picture
Adam Townsend
@adamscrabble
Pls look at thread and behold #Google “we’re the good, evil company” This list is employees of Google & Groundworks (goog co built to help HRC elex) that have been swapped in/out of Dept of State/ #Clinton Foundation/ #Hillary Prez campaign/New America (dem org)
From Clinton Foundation to GooglePeter AlbersFinance and Operations, Clinton Foundation, 2006Head of Real Estate Partnerships at Google Fiber linkedin.com/in/peteralbers
From Clinton Foundation to GoogleShannon Jones NewberryDeputy Director of Communications, Clinton Global Initiative, 2011-2012Communications and Public Affairs, Google linkedin.com/in/shannonnewb…
Read 41 tweets
Profile picture
Justice Will Prevail + #Phase2
@LP083061
#QAnon #JaredCohen led Google in donating $3 million to create a database system to connect 65 independent hotlines used to report human trafficking.
#QAnon #Clinton #IranIsNext "Clinton protected Cohen" when Obama asked why he wasn't fired? Who is the good guy in this?
Well.....not sure these are two I would want supporting me:
"Cohen and Schmidt’s book, The New Digital Age, appeared in 2013, with glowing blurbs from Henry Kissinger and Madeleine Albright. "
Read 40 tweets

Trending hashtags

#BalumeStateCapture #BuildTheWall #HumanTrafficking #FunFact #HillarysAmerica #MoneyLaundering #NewDawn #Wormholes #FLYJOHNNYFLY #Branson #Cliftonbeach #AsifaCase #shareholders #DemocratsAreDestroyingAmerica #PizzaGateIsReal #WorldWarZ #Clinton #humangenocide #OccupyJSE #GovernmentShutdown #Collusion #PatriotsUnited #Treason #FBI #Qproofs
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!