David Booth Profile picture
Feb 20, 2020 4 tweets 4 min read Read on X
Two things happened this week to give me extreme confidence in @LambdaSchool

1). @MaxKajiwara joined our team at @beondeck, and he's killing it. His only engineering training was Lambda. In less than 3 days on the job, he's running at full speed & invaluable.

2). this 👇
@LambdaSchool @MaxKajiwara @beondeck I've always had concerns about the supposed "alignment of interests" that comes with ISAs.

Aligned, sure. So long as the "issuer" remains the "holder."

But holding ISAs is totally inefficient for a startup with a small balance sheet + super high cost of capital (i.e. VC)
@LambdaSchool @MaxKajiwara @beondeck Most end up just selling ISAs into the capital markets. But then their "customers" wind up beholden to investors via a debt-like instrument, and we're all back where we started.

The new Lambda ISA model is a big step forward. 👀'ing this space with interest.
@LambdaSchool @MaxKajiwara @beondeck p.s. congrats on the new round @Austen! 📈🚀

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More from @david__booth

Aug 27, 2021
The @beondeck flywheels, Aug '21 edition: Image
1/ top talent comes to On Deck to explore starting a company.

Many do.

2/ as they do: unique, insider jobs are shared with #OD50, pitched at “Talent Demo Day”, listed in the On Deck “talent hub”…

Collectively, this is now the “Transitions” org.

Read 11 tweets
Jan 2, 2021
"Async" Slack channels are one of our secret weapons at @beondeck

After using them for ~18 months, I can't imagine Slack without them. Particularly now— operating 100% remote with 62 teammates in 14 timezones.

Here's the "how it works" post I use to open each new 1:1 channel 👇
Welcome to our private "async" channel!! 👋👋

Here's how it works —>
Anytime you need a quick response, e.g. "are you coming to this meeting?", use DM.

A Slack DM is like a tap on the shoulder. It says "I need your attention now, please stop what you are doing." Use these sparingly.
Read 12 tweets
Dec 31, 2020
"If [college] teaches people to be productive citizens of society, On Deck is helping them become productive citizens of the internet"
— @eriktorenberg on the @NFX podcast.

What does this mean?

Why does it matter?

A quick thread exploring the @beondeck mission/vision:

👇👇
First, let's wind back the clock ⏪⏱

Back in the 90's and early 2000's, capital and credentials were bottlenecks to starting a technology company.

Anyone can start up... so long as you can get an MBA and $10M from Sand Hill Road.
In the mid 2000s, that all changed.

With the rise of AWS & open source software, the cost to spin up new software products plummeted.

Now, anyone can start up... so long as you can code.

Engineering skills became the new scarcity.

Enter YC:

Read 25 tweets
Oct 4, 2020
Consider the cost of joining a paid community vs. the "cost" of a free one.

If you're a founder, writer, engineer, angel, etc; time/attention is your scarcest asset.

The more you value your time, the more you should spend on things that give you leverage on it.

Simple, right?
Tech/startup communities are traditionally VERY under-resourced; "tacked on" to a VC strategy, or reliant on sponsors and volunteers.

Imagine if this weren't the case.

Imagine if:

• They could hire amazing people, pay them well to create/curate incredible experiences.
• members were their customers. No "selling out" to external interests (spoiler: a VC's "customer" is their LP; founders are the product).

• participants had skin in the game, were "bought in" to get the most from their investment. See: better engagement, behavior, outcomes.
Read 13 tweets
Jun 28, 2020
We aspire for @beondeck (the *company*) to be somewhere the most ambitious future founders want to work

We’re looking to hire at least four of them in the next few months.

Is this you? Here’s a thread👇

2/ On Deck is building a modern university.

We want to 10x the number of founders building world changing companies.

We're starting by helping cohorts of talented, ambitious people refresh their networks and skills and navigate "what's next" via ODF

3/ ODF = an intensive 10-week program bringing together a community of experienced engineers, designers, operators, and repeat founders. Includes extensive expert-led curriculum, co-founder dating, and more.

Cohort #4 is underway, and it's our best yet!

Read 9 tweets
May 22, 2020
We've had questions like:

"I may not be starting a startup just yet — i'm taking some time out to explore, advise, angel invest, and think about what I want to do next. Is @beondeck for me?"

Answer: yes!

👇
We use “on deck” as a verb to describe the state of being between things or thinking of moving on — being "open to opportunity."

To be clear: most in ODF are/are planning to be founders.

But tenured "explorers" contribute immensely to the community, and get a lot of value too.
While this group have been *incredibly* generous with their time, it's not all about "giving"

Joining On Deck is a powerful way to refresh your network, get inspired and boost your entrepreneurial energy, learn some new skills or test some ideas.

Read 9 tweets

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