PSA: If you are looking for your first shot of the Moderna COVID-19 vaccine, here's one way to get it

Note: no restrictions on pre-existing conditions or age brackets or citizenship

Read on >>
1) Some counties in Texas have a TON of extra doses but not enough people to vaccinate.

If you're willing to go to Lumberton (population 11k) which is < 2 hours drive from Houston is taking walk-ins for 18+ yrs old
2) At the Journey Community Church

1534 Highway 96 South
Lumberton, Texas

1:00PM – 4:00PM, on Wednesday, April 7 thru Friday, April 9.

Only a certain # of ppl can be inside the clinic at a time, so if too many arrive at one time, they may have to wait outside
3) This is not limited to Hardin County residents. I personally got my first vaccine in a different town in Hardin County (and don't live there).

They explicitly say this in their materials. They just want to put shots in arms because they have so many extras & not enough ppl.
4) You also need to submit paperwork so the TX gov can track you.

But you can print and fill in forms ahead of time: newtools.cira.state.tx.us/upload/page/10…
5) They work like a machine. I got in and got my shot in < 2 minutes.

In fact, you have to fill out parts of your own vaccination card. That's how efficient they are -- they just focus on giving shots.
6) They do ask for ID & health insurance info though, so everyone with US health insurance can just show up at the time specified above.

But, if I were coming from abroad & didn't have US health insurance, I would probably call them to ask what happens if you don't have that.

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More from @dunkhippo33

8 Apr
Today's tweet thread is about how LPs (fund investors) make money (or don't) by investing into funds.

When do they send the money to the fund? When do they get money back? What are the fees ppl should be aware of?

thx @zsilvs303 for the topic!

Read on >>
1) First off - what is an LP? A limited partner is an investor in a fund.

@HustleFundVC for example, we have raised money from individuals, families, companies, and fund-of-funds. This is the money we use to invest in startups.

They are our LPs.
2) Next, what is the process to becoming an LP in a fund?

Today almost all US funds (if not all) require LPs to be at least accredited investors in order to invest. ($1m+ in assets or $200k/yr in salary)

A VC fund $10m+ can have 99 LPs max. Under that, 250 LPs is the limit.
Read 26 tweets
8 Apr
Today's tweet storm is on the strategy for testing customer acquisition channels.

Should you try a lot of channels? Should you try to make them all work? Which ones do you double down on? What happens if they stop working?

Read on >>
1) Yesterday I referenced a conversation w a portfolio co that is seeing great results w 1 cust acq channel.

Today I had a call w them about this strategy as well as what to do about their other cust acq channels.

2) At a high level, the most *ideal* situation is that you have just 1 customer acquisition method & channel. 1 playbook. People specialize & focus on the same thing day in & out.

That's the ideal. It doesn't work out that way, but that's what you hope will happen.

Why?
Read 24 tweets
7 Apr
Today I was talking with a @HustleFundVC portfolio founder about how aggressive they should be with customer acquisition spend.

What customer acquisition cost (CAC) should they aim for? Payback period?

A thread on this topic >>
1) First off, I think a lot of founders think about what number they should aim for for their CAC.

I think this is the WRONG way to think about it. There's no holy grail number. But there are good and bad ways to think about CAC.
2) At a high level, your CAC must ALWAYS be less than your lifetime value (LTV) at scale - in order to have a real business!

The problem for startups is that you often don't know what that lifetime value is, so it's a moving target of what your best guess is. Refine as you go.
Read 14 tweets
4 Apr
Sometimes it’s fun to look back at what I wrote about the fundraising landscape of just a couple yrs ago and see what has changed.

A reflection on the fundraising landscape in the past 3 yrs >>
1) I wrote about ICOs, SAFEs, and crowdfunding in 2018 and my hopes for how it would evolve and change:

elizabethyin.com/2018/01/24/wha…
2) At the time ICOs were hot! Super easy for companies to raise.

I think today’s “regular SAFE” fundraising is like the ICO market of early 2018.
Read 14 tweets
30 Mar
Today's tweet thread is on cohort analysis. What are they? Why should you care?

tl;dr cohort analyses is a good way to know if you are actually getting better or worse with your business.

Most ppl look at revenue. Or product improvements. But cohorts are the way to go.

>>
1) What is cohort analyses?

It's a way to put your customers (or users) together in mini-groups and see if as a group your company is getting better or worse over time.
2) So for example, here's what a cohort analysis graph looks like:

Read 15 tweets
25 Mar
Yesterday, @MacConwell, @jefielding & I chatted about valuations yesterday on Clubhouse.

Some thoughts & takeaways from the discussion.

tl;dr: Valuation is NEVER about how much your co is "worth". It's about the price of your equity that you and investors agree upon.

More >>
1) As I like to say, valuations are about supply and demand. Supply of your round / tranche. Demand of investors. It's your job as a founder to generate that demand.

That's what allows you to command a higher valuation. Investors don't just naturally offer you a high valuation.
2) Investor demand increases when you have lots of investors circling AT THE SAME TIME.

It does no good to have 1 investor look now and then approach another investor later. Investors need urgency.
Read 13 tweets

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