🔹 Everything starts and ends with market size.
🔹 Systems are better than goals.
🔹 Strong ethics and culture matter.
🔹 Be founder friendly to a fault.
🔹 Adapt as circumstances change.
🔹 Be secretly good at the boring stuff.
@skupor’s Secrets book leads by example.
Scott Kupor offers an extremely revealing look inside the culture and values of @a16z, and we recommend you read it.
amazon.com/Secrets-Sand-H…
For VCs, everything starts and ends with market size:
“You need to demonstrate to the next round investor that shows how you have sufficiently de-risked the business.”
Kupor breaks down the ENTIRE Silicon Valley venture capital ecosystem in detail:
🔹 Why Limited Partners put money into VC in the first place
🔹 The whole VC-entrepreneur relationship (like marriage without the love)
🔹 Returning money to the Limiteds
I know that several of Kupor’s stories about founders SUBSTANTIALLY understate how generous and thoughtful the firm was to them.
@a16z has done some extraordinary things for founders that literally no other VC firm has even considered.
The best part of Scott Kupor’s book is actually the part most likely to be skipped, Chapter 13.
Trust me on this: I once had to hire all 3 corporate formation attorneys in Delaware for a reason related to this chapter.
Ignore ethics at your peril.
The tech industry is notoriously fast-moving and Scott Kupor is extremely good at explaining WHY things have changed.
For example: explanations of how YC was able to change the game at that moment.
A key to success is ability to adapt.
Anyone who's seen Andreessen on a panel or Horowitz sitting courtside next to the Warriors bench thinks they're risk-taking shot-caller guys… but they're actually surrounded by one of the most meticulous teams in the biz, led by Scott Kupor.