Shaan Puri Profile picture
Sep 19, 2020 10 tweets 2 min read Read on X
Putting up the bat signal.. 🦇

who wants to be a startup investor someday?

I want to give someone who's hungry a shot to learn by doing.
I just raised a rolling fund - and now have a few million bucks to invest into ~15-25 startups in the next year.

You can learn the investing process from A to Z.

finding deals --> vetting --> negotiating --> closing --> supporting

+ creating content to build the fund brand
let's start with the basics:

you get:
- 4 years of experience, in 1 year
- a piece of my carry (I take 0% management fees, so there's no salary)
- walk away with a portfolio of 25+ companies in your portfolio

you give:
- your nights/weekends hustling to invest in startups
this is for someone who's idea of a fun friday is surfing the internet, playing with new tools/apps, & half your camera roll is screenshots.

To most people that feels like work...but for some people, that feels like play.
I don't care if you have any experience with investing. But you should have a lot of experience with the internet. The internet is like a third arm.

I want someone who doesn't want to spend the next 10 years grinding up the VC career ladder
In any project - you can either be a

a) The Driver
b) Riding Shotgun
c) Backseat passenger
d)Or in the Trunk (left in the dark, just a long for the ride)
With me you'll spend 50% of your time as a driver (hunting for interesting companies, supporting the portfolio, drafting investor updates, creating content to improve dealflow)

and 50% riding shotgun while I drive
If you want to work with me, I have 3 rules:

1) Bring the juice (energy) =="If you're juiceless you're useless"

2) Do what you say == if you tell me you're going to do something, I expect you to do it

3)Say What You Do == work in public
I hope this gives a shot to an outsider, or someone who isn't already sitting at the cool-kids-table in tech.

If this thread describes you, I'll see you in my DMs
ok twitter, do your thing. Find me the next @CindyBiSV :)

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More from @ShaanVP

Jul 1, 2023
for the past 10 years, I've kept a scratchpad of notes called "money wisdom"

anytime I read, heard, or learned something wise about wealth - I wrote it down... here they are:
THE RICH AREN'T JUST "LUCKY"

Pretend we took all the money, and re-distributed it equally. Everyone got $100,000.

Within 10 years, the rich people would be rich again.

wealth building is a skill that can be learned.

For most people, they need to make 3 small shifts..
quick story - a man wants to learn golf.

He buys clubs, and starts hitting balls at the driving range.

The balls go left, right, center. He can't control it.

He sees a coach teaching a kid nearby. He walks over and hires the coach. First lesson tomorrow.
Read 28 tweets
Jun 29, 2023
I got greedy.

For 5 years I've watched @awilkinson & @XavierHelgesen build $100M+ empires "buying businesses"

I love those guys. Invested in both.

But if you sit around a barber shop too long. You'll end up with a haircut.

Here's the story of me buying my first business..
It's Jan 1. I call @benmlevy

Ben - no more startup shit.

Huh?

No new ideas.

We're buying businesses.

And we're not tip-toeing in. We're going balls deep.

New slogan: "We put the privates in private equity"
I start looking for companies for sale.

Shopify App for sale, $2.1m revenue.

Revenue? What is this, a school for ants?

I need profits. cash flow.

I book an appointment with my tattoo guy. Image
Read 13 tweets
Mar 24, 2023
One of the most painful parts of being a founder, is begging for intros or cold-emailing into the abyss trying to get in front of investors

Especially if you're an outsider or first time investor.

A few months ago, my buddy @julian had a great idea on how to fix that.
When I was applying to college, California came out with the "common app"

One application, and you've applied to all UC schools.

What if we did that for startups?

One pitch, raise your seed round from 15 badass investors?

Enter - SeedChecks.com
If you're going to raise a seed round, you want:

- former founders
- who have big audiences
- who write checks and make decisions fast

Why not apply once, and get your idea in front of all 15 at once?

No cold emails, no sliding into DMs, no begging for intros
Read 5 tweets
Dec 16, 2022
I just sold my 2nd company! (@MilkRoadDaily)

super happy.

- grew from zero to 250,000 readers in less than 1 year
- self funded & profitable even w/ crypto crash
- biggest daily crypto newsletter

here's how it happened..
Me and Ben decide we want to start a crypto business.

But we're too dumb to do anything fancy.

So we stick to what we know.

Writing.

Let's make a newsletter that summarizes "what happened in crypto today?"
inspired by my buddy @thesamparr who I got to watch step-by-step build @TheHustle from scratch over several years.

I felt like I could copy+pasta his blueprint, but for crypto.

(lesson: be friends with winners, then learn from them)
Read 13 tweets
Nov 9, 2022
This year I learned that there is no"smart money"

A16z, Sequioa, Chamath, Tiger, Tribe Capital, Coatue, Softbank, Paradigm, Ark, 3AC, Alameda, FTX, etc..

all made terrible financial decisions, at huge size.

and yet - most will get richer.
They play a rigged game.

chamath made bank off his shitty spacs as a promoter

& funds managing billions will make hundreds of millions in fees as a REWARD for losing their investors money
they didn't just invest in companies that started to underperform

they invested huge amounts ($50M to $500M) into fundamentally flawed assets
Read 4 tweets
Nov 8, 2022
Here's the 30 second summary of the FTX drama that is blowing up in crypto.

1/ How FTX (a multi billion dollar co) almost died overnight

2/ And why this is a god tier strategic move by @cz_binance
OK so it starts years ago. Binance was an early investor in FTX
But FTX starts growing like crazy. They become the #2 biggest exchange

Steph curry, tom brady, they cut huge marketing deals.

SBF becomes the famous "fro of crypto" Image
Read 23 tweets

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