Chris Bakke Profile picture
Apr 18, 2024 10 tweets 4 min read Read on X
Silicon Valley aired 10 years ago this month. Here’s how I would write the 2024 reboot: Image
Gilfoyle makes over $6M/yr writing a newsletter about why tech newsletters are insufferable. He doesn't understand why it's so popular, and he spends his money investing in the least-popular YC hardware companies.
Erlich Bachman is back in SF. He ended up building the “WeWork of Asia” which went public and was briefly valued at $38 Billion in 2021. The company was quickly de-listed and he was fired as CEO. He’s back in the states raising money for Fluxx - which is “College Dorms: Reimagined.” Everyone calls it a scam.Image
Richard Hendricks is the co-founder and CEO of Hoomane - a wildly-hyped AI wearable bracelet that raised $300M pre-launch and just had a challenging first week in the market. He knows there's something there, and will spend the next several years battling tech giants to make it successful.Image
Jared Dunn lives in a large home in a bad part of East Palo Alto because his realtor told him it was “Palo Alto adjacent” and he was too polite to say no. He has recently returned to the bay area after 2 years at HBS. He and a classmate just started "DUNN-right HVAC" - a PE-backed holdco to roll up local HVAC companies and make them "tech enabled."Image
Dinesh is the CEO of SalesFarce - a $300B legacy tech company that desperately needed an "Indian CEO" even though he explained to the all-white board that he's actually Pakistani several times. He pulled home $248M in 2023 TC and is funding his side-project, which is a rocket company.Image
Big Head is a multi-billionaire and runs the #1 tech podcast in the world called “The Half-In Podcast” about how to make it big with minimal effort. He just made $1.7B selling his stake in the Dallas Mavericks, which he "didn't realize he even owned." Image
Russ Hanneman is a much-poorer co-host of 'The Half-In Podcast.' He lost over $900M from 2020-2023 betting on companies with a .ai domain that he didn't understand at 400x revenue multiples. He recently invested all of his remaining liquidity into his own brand "Tres Comas Nicotine Pouches" - which he promotes relentlessly on the podcast.Image
Jian Yang is back in Palo Alto and looking for a place to live after spending 7 years in Chinese Prison for convincing several senior communist officials to invest over $400M USD in an app called "SíFood" - which would help users identify common Spanish foods. Image
If you enjoyed this little tribute, give me a follow - and more importantly, please consider me as a writing intern if anyone decides to re-boot this show.

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More from @ChrisJBakke

Nov 10, 2022
The sequel to the Social Network - where the Winklevii lose all their money in bitcoin, and the whole metaverse thing doesn't pan out for Zuck, so they're all classmates at Harvard Business School, grinding hard to become Sr. Product Directors at Apple - is going to be so good.
Day 1 at Apple, 2025:

(A man wearing a hoodie, smelling of BBQ stands up)

"Hey everyone! I'm Mark. HBS, class of '25. Before that, I actually ran a trillion dollar company. Super excited to be here at Apple, overseeing the launch of the 4th Gen Apple Pencil."

*polite claps*
(Two men stand up, sporting HBS sweaters)

"Hi, I'm Tyler. This is my less handsome brother Cameron."

(No one laughs)

"When money was free, we ran a multi-billion-dollar crypto exchange. Pumped to be here, shipping new, slipperier Airpods that fall out of your ear easier."
Read 4 tweets
May 26, 2022
Adam Neumann is the cofounder of a company called Flowcarbon that just raised $70M.

This is the opening slide in their deck that describes what they do.

You guys, they are selling something called the Goddess Nature Token.

$70M.

This is not a shitpost. Image
If you want to have a laugh or buy some Goddess Nature Token, feel free to read the entire deck:

assets.website-files.com/625db0bad5cfd6…

Also, I'm raising a $70M fund to short this company.

DMs open
Adam just DMd me.

He said he's impressed with the visibility I'm generating for Flowcarbon and offered me the CMO job.

I said no.

He offered me $2M/yr and free trips on the private jet.

I start next week.

Please stop making fun of this company.
Read 4 tweets
Feb 13, 2021
Charles Koch is one of the more under-studied CEOs by the tech world.

An investment of $10,000 into Koch in 1960 would have a book value of over $50m today, outperforming the S&P 500 by about 30x.

He's also one of the only CEOs who has written multiple books worth reading.
His latest book Good Profit summarizes his previous books, and has some really interesting takeaways:

amzn.to/3qiSAZP
"A key factor in our success has been the willingness to admit mistakes and mitigate our losses in a timely manner.

Rather than squandering our scarcest resource (talent) trying to save a marginal business, we've learned to focus that resource on oppty with real potential."
Read 9 tweets
Sep 24, 2020
Here's the quick story of how we went from $0 -> $2m ARR in <2 years.

We did this with founder-led sales, and this also helped us become profitable.

We then used a lot of these same techniques to build out our sales team.

Let's go.
First, this advice was really specific to a B2B company selling SaaS.

If you're doing something else, your mileage may vary.

Add your email here if you want to get the long-form advice + playbook:

chris050992.typeform.com/to/EILkZZ0V
First, who are you selling to?

We were selling into the recruiting market, but that meant going really broad:

We added the Linkedin profiles of hiring managers, VPs, people with "recruiter" and "talent acquisition" in their title (at all levels) into a big spreadsheet on day 1.
Read 15 tweets
Aug 23, 2020
Customer development, research, and user interviews are critical to every business, and I've been trying to improve my own process.

Here's a little brainstorm on customer development.

If this helps one person, mission accomplished. 😎
The Mom test is a great framework:

▫️Talk about their life instead of your idea

▫️Ask about specifics in the past instead of generics or opinions about the future

▫️Talk less and listen more

amazon.com/Mom-Test-custo…
▫️Pre-plan the top 3 things you want to learn from someone.

▫️Keep doing customer development until you stop hearing new information.

▫️Have two people in any meeting: one leading questions and one taking notes.
Read 6 tweets
Jun 28, 2020
Thinking about creating a "startup studio" model for side-hustles and part-time businesses.

I start the company, partner with someone looking to run a side-hustle and give them a large % of the entity I just created w/ a vesting schedule.

Anything like this exist?
I sense that many future operators need a "nudge" to get something off the ground and/or don't want to buy an existing business.

We all have friends who talk about ideas for years and never actually do them.

Also, *starting* something is distinct from *running* it
Had a business idea yesterday.

Set everything up with @GoDaddy + @Shopify + @atlas in an hour for <$600 + am making revenue as of today, but don't want to run this long-term.

Cost/time to me is low, so if this doesn't work out, so be it.
Read 4 tweets

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