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20 Nov, 4 tweets, 2 min read
Some ideas for #daos:

1/Tarantino DAO: raising $100m in order to inspire QT to develop 10 more projects (he said he would only do 10 movies)

These 10 can be produced, written, directed or otherwise approved by him

500k fans donate $200 each, everyone gets a profanity-laden NFT
2/Star Wars Sequels redo DAO: $1b raised by 10m fans to buy the rights to make a fan, Lucas, and @HamillHimself approved version of the Star Wars sequels

All members get their childhoods back.
3/Knicks DAO: $5b raised by 1m long-suffering Knicks fans to buy the team and vote on draft picks… so they can boo themselves when they are out of the league or playing for the @dallasmavs six years later
4/Olive Garden DAO: Italians living across the world but the chain restaurant, shift the menu to a @sweetgreen’s competitor and never let them claim any Italian heritage again — everyone gets to stop suffering through insulting, overcooked pasta

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More from @Jason

jason@calacanis.com Profile picture
5 Jul
My philosophy of startup investing (in 2021)

1/back as many great founders as you can, as early as possible
2/if their company fails, be the first investor in their next project
3/if their company grows more than 3x year-over-year keep investing until you reach 15%+ ownership
Early stage can apply at our accelerator to work with me and my team for 20 weeks, meeting 1,000+ investors: launch.co/apply

Startups that are launched with some traction and apply for remotedemoday.com & meet 8,000 angel investors from thesyndicate.com
Questions?
Feedback?
Read 4 tweets
jason@calacanis.com Profile picture
1 Jun
1/🧵People quitting instead of coming back to offices is very real

Amazing for startups who will recruit the most talented folks who are well paid (some might say overpaid) at big companies—but who will take significantly less in order to work from home #remotework #WorkFromHome
2/Executives have figured out how to manage remote workers so well, that they will need 20% less of them. basically, low performers “have nowhere to hide” in a remote world where folks do an SOD and EOD (start of day and end of day) on SLACK
3/plus 20% less overall cost of maintaining an office, which even if you do offsite meetings will still be 10-15% savings
Read 7 tweets
jason@calacanis.com Profile picture
3 May
1/Been getting a ton of questions from founders about the $4b Clubhouse valuation

Here's how to do the math.

-- CH will make ~$10 a year per users
-- With 5-10m users that's $50-100m in revenue
-- 10x revenue is $250m to $1b in value

so why $4b?? read on ...
2/When a startup is growing fast in a hot market people give credit for 2-5x their performance in order to "get the deal"

That surges CH's valuation to $500m to $5b--in this case it landed at $4b

This makes no sense... unless you invested in Facebook, Uber, or Google!

So..
3/How do you get in on a valuation like this as a founder?

a) you need to grow VERY fast (50%+ a month)
b) you need to have big brand names on your cap table
c) you need to a competitive marketplace/bubble
d) you don't want revenue because it pins the valuation to reality
Read 5 tweets
jason@calacanis.com Profile picture
28 Apr
Ignore the critics

"In many ways, the work of a critic is easy. We risk very little, yet enjoy a position over those who offer up their work and their selves to our judgment."
"We thrive on negative criticism, which is fun to write and to read. But the bitter truth we critics must face, is that in the grand scheme of things, the average piece of junk is probably more meaningful than our criticism designating it so."
"there are times when a critic truly risks something & that is in the discovery &defense of the *new*. The world is often unkind to new talent, new creations. The new needs friends. Last night I experienced something new: an extraordinary meal from a singularly unexpected source"
Read 4 tweets
jason@calacanis.com Profile picture
4 Mar
1/Most folks don’t have a startup, they have an *idea* or *plan* for a startup

no one invests in ideas or plans today

I haven’t seen ideas/plans get funded for ~20 years

So what gets funded?

— Growing Startups
— World-class products
— Track Records
— ... then everything else
2/Investors pick their inventory in three phases.... First, they look for “the chart.” Basically, you’re growing ~20% a month, consistently, for ~six months

After VCs can’t find any more investments with the chart they move on to the second tier startups....
3/Those startups have either a world-class product design or founders with track records.

World-class design means your product can stand with Uber, Calm, Robinhood, Instragram, Snap, Wealthfront, etc.

World-class track record means you build a startup already & sold it.
Read 6 tweets
jason@calacanis.com Profile picture
7 Feb
Podcasting tips form someone who has recorded 1,200 episodes and who hosts 2 of the top 10 tech podcasts:

1. Audio quality is critical. You need the best hardware, software, and post production. get this perfect or don’t bother starting a podcast.
2. Video is not as important as audio, & it takes 20x as much effort to do a quality video podcast as an audio one

Recording, editing, storing, sharing video is expensive & time consuming

A great audio podcast is ~$500
A great video podcast is thousands

Stick to audio.
3. A podcast needs to be about something. It has to have a value proposition/purpose

don’t bear afraid to go niche: that’s is the strength of podcasting!

@tferriss did high-performers, which seems to be niche... but obviously it isn’t when he lands @RealHughJackman!
Read 12 tweets

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