To celebrate our Fund 2 launch, we are hosting a 24-hour Clubhouse event starting tmrw at 8am PT (Tues Feb 23)

Here's a glimpse of the schedule that may be interesting to both founders and investors

Read on >>
1) 8am-10am and again at 4pm-6pm, we'll talk about how we raised our Fund 1 and our Fund 2.

Are you an emerging fund manager or angel thinking about starting a fund or raising the next one? Ask us anything:

2) 10am-11am Our newest team member @will_bricker will talk about jumping into VC.

Trying to land a job in VC? Ask Will anything -- this is a quick background on how he got his job w/ us:

3) 11am-1pm and again at 4am and 6am, we will be featuring a few healthtech and fintech founders within the @HustleFundVC portfolio!

What are the latest healthtech / fintech trends? How do you think about financing when you have to deal w/ regulatory things?
4) 1pm Advice line - ask us anything that is top of mind for you as a startup founder!
5) 2pm How to raise a seed round and at 6pm How to raise a series A round.

You'll hear from a few portfolio founders how they successfully navigated this for their companies -- each with a unique story.
6) 3pm (and again at 10pm) Breaking into angel investing.

Aspiring angel? Come to this session!
7) 7pm-10pm Non-dilutive capital for startups.

What is it? How does it work? Who should look into this? Our @HustleFlywheel team has a fund dedicated to this and is focused on funding e-commerce and SaaS startups.
8) 11pm Scaling up! @shiyankoh was an early employee at @NerdWallet and has seen the ins and outs of rapidly hiring and building teams into unicorns.

Ask her anything about scale and hiring!
9) 12pm-2am (Wed PT) Opportunities in Southeast Asia and SEA Startup Jam

Where are the startup opportunities? What are you working on? What the challenges in building in SEA?

Come hang and join the discussion if you have an interest in SEA.
10) 2am-4am (Wed PT) Opportunities for investors and startups in Taiwan

What are ppl working on in Taiwan? What are the challenges?

Note: this will be led by @cjin and will be entirely in Mandarin.
11) 5am (Wed PT) E-commerce infrastructure opportunities in SEA

Hear from our portfolio founders about what they're working on to enable retail in SEA.
12) 7am (Wed PT) What have we @HustleFundVC learned in the last 3 years of building a VC fund and startup community?

Where are we going?

Come ask your toughest questions!
13) Hope to see you all sometime tomorrow at one of the sessions! For those who cannot get on Clubhouse, we will be live tweeting (to the extent possible) the discussion.

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More from @dunkhippo33

24 Feb
People have often asked me how I make decisions at pre-seed when there is no information.

@HustleFundVC we invest pre-revenue (I don't care about traction at all).

A thread >>
1) At a high level, the startup idea matters a lot.

In fact, I personally think (and my own teammates will certainly debate me on this) the idea matters more than the founders. 😮

(Que the tomato throwing)
2) This is NOT to say founders don't matter. They DEFINITELY DO. There's something special when amazing founders work on amazing business ideas.
Read 26 tweets
22 Feb
Today's tweetstorm is on

How We Tripled Our First VC Fund to Raise a $33.6m Fund 2…

Will cover key learnings & new tactics not mentioned in my Fund 1 post.

Read on >>
1) (This is my Fund 1 post: How we raised our $11.5m VC Fund 1)…
2) A major hurdle was running into the 99 investor limit per SEC rules. Because VC funds (for the most part) can only take 99 investors, we had to turn away a LOT of $100k-$250k checks in order to raise a larger fund.

Mindblowing right?
Read 11 tweets
20 Feb
VCs and fund-of-funds are going to throw tomatoes at me with today's tweet storm:

Ownership *doesn't matter* for early stage investing.

And yet almost every VC and fund-of-fund cares about it. 😮

Here's why >>
1) First some context. Fund-of-funds and VCs are always talking about needing to buy enough ownership in their portfolio companies.

But almost no one questions why.
2) But here's a thought experiment. If you invested $5k into Uber's seed round and held on to the IPO, you would have made ~$25m.

$5k doesn't buy you any ownership. So is that a failed investment? Obviously not.
Read 25 tweets
19 Feb
Today's tweet storm is about business strategy at your startup.

If you think about building a company, it's a bit akin to one of those resource allocation board games. You know - like Catan or Tzolk'in or 7 Wonders -- stuff like that.

What is the strategy for your startup? >>
1) If you don't play resource allocation games, the general premise is that you try to amass resources (i.e. an audience), and then at some pt in the game you need to figure out how to turn those resources into victory points (i.e. monetization).

The same applies to startups.
2) In the most ideal world - infinite time and runway, the strategy is always focus on amassing resources. Then you can in one fell swoop monetize super easily all at once (more or less).

However, in both the game and real life you don't have infinite time and runway.
Read 10 tweets
17 Feb
Today's thread is on cap table 101 for new founders.

What is a cap table? Why it's impt? What investors typically ask for? Where founders often go wrong w/ re: to cap tables?

Read on >>
1) Let's talk about company ownership:

When you have a company, in the beginning it's owned by you and maybe a co-founder or so. If you think of your company like a pie, in the beginning, the co-founders own the whole pie. And then you start allocating pieces to others
2) What is a cap table?

A cap table is a spreadsheet that has a list of all the ppl and entities that own pieces of your pie (your company). In the beginning, there may just be 2 line items or so for you and your co-founder.

It will list your name and how many shares you own.
Read 22 tweets
17 Feb
Today's thread is on SEC limitations in raising a fund.

This may sound like a BOOOOOOORRRRING topic but it has incredible ramifications for any emerging fund manager and to some extent, founders and how they get backed.

More >>
1) VC funds (right now) require their investors (LPs) to be accredited. (LPs must be worth $1m+ excl primary residence OR earning $200k+ per yr as an individual)

This in itself is limiting, but today's thread is not meant to debate who should be accredited.
2) But that being said, fund managers cannot just accept all accredited investors who want to invest. There's a limit of 99 investor slots.

This means that I, as a fund mgr, have to pick my LPs carefully.
Read 21 tweets

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