The Generalist still feels like it's just getting started. Momentum building.

πŸ™ 750+ paying members
🎯 38,000+ subscribers
πŸ”₯ $160,000+ ARR

I learned a lot in Q2! Here are the highlights for supporters and other creators πŸ‘‡ Image
1.

If you want to dive straight into the deck, you can follow the link below, watch the video, or keep on scrolling...
2. Financials

Mixed results.

Bookings went down as I stopped accepting new sponsors. Churn also increased a little, but is still in a good spot.

But... Image
3. MRR

Still in a great spot here! I think we can push growth over the next quarter, but positive momentum. Image
4. Growth

The numbers are still in a good spot, but I would have liked to see more subscription growth.

I made some changes that had an impact here... Image
5. Changes

- Focused on paid pieces.
- Less active on RFS/S-1 Club.
- Summer? Image
6. Subscribers

Again, still feel largely happy here. Nice trajectory, but I would like to push a bit more. Image
7. Output

I went a bit nuts this quarter. The Generalist published more than 202K words.

That's a (big) book. Image
8. Depth

I think this was my best quarter of work. I'm really proud of some of these pieces. Image
9. Community

Still think this is the most valuable thing I've ever built. Can't totally explain what's so special about it, but working hypothesis... Image
10. Fun things Image
11. Hard things Image
The same goal. An infinite game 😊 Image
Come hang with me and 38,000 of my closest friends πŸ˜‰

(Even better: come hang out with the 360 smartest people I know in the Members community)

readthegeneralist.com
You can find Q1's report summarized in the tweet below. And follow @mariodgabriele to see a modern media company build in public

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More from @mariodgabriele

23 Jun
Been thinking a lot about startup ideas recently as part of @thegeneral1st's Requests for Startups briefings.

Here are a few ideas I genuinely believe could become billion-dollar businesses:
1/ Decentralized credit scoring (idea by @angelatytran)

Consumers rely on antiquated, expensive, insecure platforms. What could this process look like on-chain?

- No single point of failure,
- True anonymity,
- Transparency around the factors that influence a rating.
2/ The climate operating system (by @VinIyengar)

A SaaS product to manage all aspects of climate risk, energy usage & carbon emissions.

As managing CO2 emissions and energy usage becomes more critical for all enterprises, could climate become a core function within companies?
Read 13 tweets
21 Jun
1. It has some thriving national markets.

- πŸ‡³πŸ‡¬ Nigeria has a great fintech scene
- πŸ‡ͺπŸ‡¬ Egypt is active in edtech and logistics
- πŸ‡°πŸ‡ͺ Kenya is dominant in agtech
- πŸ‡ΏπŸ‡¦ South Africa has a strong enterprise market

These can become massive ecosystems in time.
2. VC investment is growing *fast*

In 2020, $1.43B was invested into African startups. That sounds small, but it's growing fast.

Since 2015, capital investment has grown *40%* per year. That is nuts.
Read 9 tweets
17 Jun
Extremely excited for The Generalist's upcoming piece:

"Tech in Africa"

Meet the team...
@iaboyeji @Nicho0le @haydenalcalde @sgrin77
@LewamKefela @Daudex @aaronqfu @cm @lymusing
1. E

If you follow African entrepreneurship, you know @iaboyeji. He's been a founder of @Andela, @theflutterwave, and now @anafricanfuture.

future.africa Image
2. Nichole

Founder and MD of @TheChrysalisCo is @Nicho0le. She invests in companies in emerging markets. (That includes 22 countries.)

She's also an @ObamaFoundation fellow.

thechrysaliscapital.com Image
Read 12 tweets
16 Jun
.@stripe's keynote was absurdly impressive.

Tons to admire. My 10 ten takeaways πŸ‘‡πŸ”₯
1. Covid was a huge pull-forward

To be expected. But still, impressive.

Stripe brought on *2 million* new companies since the start of 2020, aided by e-commerce gaining share.
2. Stripe has scaled but retained performance

The company had 173 *billion* API requests. Performance is seemingly unaffected, even during busy days.
Read 13 tweets
16 Jun
Forbes 30U30 makes uniquely *zero* sense for VC.
I remember folks worrying about getting selected while I was a junior VC.

Hopefully, this has changed.

Because it is truly nonsensical, for several reasons.
1. VC's feedback cycle is long

If you invest in a seed round, you won't know if the co's a "success" for years.

Sure, there will be proxy indications (up rounds), but these are often disconnected from real financial progress.

You don't know if you're good for a long time.
Read 10 tweets
13 Jun
Stripe is insane.

It's not just a company. It's a civilization in the making.

Here are the 10 things that make the company so impressive.

readthegeneralist.com/briefing/stripe
1. The Collisons think super long-term.

Employees talk about how the company doesn't think in years...it thinks in decades.

That comes from the top.
2. They are hyper-patient recruiters

In an interview with @johnolilly, @patrickc talked about how he courted key recruits for *more than three years* before they joined Stripe.

They are "painfully persistent."
Read 12 tweets

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