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, 3 tweets, 1 min read
1/ Some thoughts on bad fund raising advice that is prevalent. The most obvious - don't try to rush the process. You have more at stake in getting it wrong than the investor does
2/ I keep hearing advice that good VCs need to make rapid decisions. This is bad advice for investors. But it's much worse for founders. Investors can take a write-off if they screw up, founders will struggle to change their cap tables
3/ If you try to run a "quick process" so you can "get back to running the company" you're likely to choose based on brand or price or speed. None of these are the most important attributes for your investor ... they are all just inputs
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Mark Suster
@msuster
“Human scum” ... This is your president. I know we are all weary of the daily grind of it. Please don’t harden or become immune. This is how authoritarians win and the stakes are higher than you may think. Study the dehumanization of pre WWII Germany leadership
2/ “scum,” “vermin,” rodents” - all Nazi references to Jews, Romani, gay people ... anybody not on board with the “master.” I hope we can all align as “Never (again) Trumpers.” If you read one book please let it be “In the Garden of Beasts” to understand the history at hand
3/ Like you, I’ve tried to get back to “tech things”and not let Trump dominate my emotions or psyche and hoped to wait for 2020 for vindication. I’m afraid we don’t have that luxury. He will stop at nothing to lean on scales as self-interested people enable it. Be vigilant now
Read 3 tweets
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Mark Suster
@msuster
1/ We can announce officially today that @BirdRide has raised $275 million. Upfront wrote a large check into this. As the article validates - it was all about "unit economics," which have performed very well.
theverge.com/2019/10/3/2089…
@BirdRide 2/ Where ride sharing companies must pay a driver, scooter companies have the economics of autonomous vehicles today. The person enjoying the ride is the same person driving
@BirdRide 3/ More than 90% of Bird Scooters were now designed by Bird (in the US) and built specifically for us by partners. The lifespan now yields large return on capital expenditure
Read 10 tweets
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Mark Suster
@msuster
1/ In preparing to speak at a CEO Summit on the topic of boards, I sat down to think about first principles of what makes a good or bad board and how the CEO can best manage this. Below is my first pass ...
2/ Many teams view boards as an administrative body that comes together four times a year to be "updated." Call this the "waterfall board." Like anything in life, you'll get out of your board what you put into it
3/ I like to the think of the "continuous board" - a group of people who are so on top of your most strategic issues & direction that you can call / text / email at any time for quick input to iterate and course correct
Read 20 tweets

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Amanda Marcotte
@AmandaMarcotte
I suspect that this isn’t just a matter of Biden having a limited appeal to big donors. It’s also that the number of big donors is small and they top out at $2,800. So his donor base is tapped out, legally. slate.com/news-and-polit…
Buttigieg might be picking up those donors simply because they can’t give any more to Biden and so they’re giving to Buttigieg as a bet-hedge. For big donors, primaries are a big like playing craps. You don’t bet just on one number.
Note, as the piece says, that Biden’s campaign is now okay with a super PAC, which they weren’t before. That’s because it’s the only way to wring more money out of their very small donor base.
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Richard James
@RichJamesBits
I have reached a whole new level of #PISSEDOFF.

I didnt think such a #dark and #scary state, or level, could be reached. It may top 12-14-17's causation. It's. That. Bad. So, I've prepared a statement...

docs.google.com/document/d/1_J…

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I must implore you ask your colleauges in @FBITampa to help research this new level of #PISSEDOFFNESS. As locals, they may offer a special indepth knowledge of this new level I have reached. This is not fair & law enforcement must #investigate. No one deserves this.
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Bob .. nina turner helped trump win ... Berry
@monsoon2112
i'll admit - i missed half of pelosi's acceptance speech, having to do so much, but i did dvr it, and finally watched. what i did not realize, one of her 3 guests was mickey hart from the grateful dead. i knew several of them were there for her when she first became speaker 1/
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lik e Rainforset Action Network, Greenpeace & the Sierra club, among others to course correct the damage we are doing to the planet. they promoted the first earth day and would later work with other staunch environmentalists including al franken & tom davis of snl fame, 3/
Read 30 tweets
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martin_casado
@martin_casado
0/ Questionable fund raising advice you may want to think twice about before following. A thread.
1/ As an entrepreneur I had to raise money many times. Not knowing what I was doing, I’d follow popular advice on the topic. As an investor, I now realize how much of that wisdom likely worked against me. Here are my picks for the most questionable fund raising tactics ...
2/ "Raise in May or Sept. because VCs are gone for summer ": This is simply no longer true, most of the VCs I know work through the summer. I sure do. And I have a lot more time then since many founders believe this anachronism.
Read 9 tweets
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Ryan Caldbeck
@ryan_caldbeck
1/ I was so happy to see @DelRey cover this topic and with so much depth.

recode.net/2018/8/29/1777…
2/ There are wonderful things about the tech press-namely giving attention to innovation (which spurs more innovation & invst). The tech press matters- a lot.
But I also think too often they get seduced by large funding rounds. Talking about raising $100m is, very oddly, sexy.
3/ Raising big rounds is dilution. It is a post-money trap. It is a narrowing of options for exit. It is added pressure to grow- by Any. Means. Necessary.

And yes- sometimes it might also be a possible indication that company has some traction.
fortune.com/2018/08/23/ben…
Read 15 tweets

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