a powerful advantage and rare in the increasingly professionalized & mercenary world of tech leadership
rjmetrics launched in 2008 and became one of the leaders in bi for ecomm
unlike looker and other competitors, their approach was full-stack.
that's probably what 'killed' the company, but it's also what birthed dbt.
most equity crowdfunding campaigns happen after the company does a round with tech insiders. retail pays a markup.
@beaconsai flipped the script and did their @joinrepublic round first, giving their community better terms than @a16z and @TheChainsmokers got.
@nealjean1, @jessemzhang and team actually took on meaningful risk doing it this way, because if the crowdfunding campaign hadn't been fully subscribed, investors could've taken it as a negative signal.
what started in 2011 to pay talented kids $100k to drop out of college now counts billionaire startup founders among its alums 👇
@VitalikButerin got into crypto in high school. he co-founded @BitcoinMagazine, tried to get an internship @Ripple (but couldn't get a visa), then published a white paper proposing @ethereum in 2013
he dropped out of @UWaterloo after getting a thiel fellowship in 2014.
May 6, 2021 • 17 tweets • 12 min read
duke's not known as a startup factory like stanford.
but duke '08-'12 has produced 4 unicorns—coinbase, airtable, cameo and plaid—along with a bunch of up and comers.
here's the path their founders took from duke to $1b 👇
in 2005 @howietl joined @DukeU's class of '09 to study mechanical engineering. he was only 16.
Apr 5, 2021 • 21 tweets • 14 min read
yc's first ever batch, summer '05
where are they now? 👇
the batch had 8 companies:
reddit: frontpage of the internet
memamp: better desktop search
kiko: ajax-based calendar
clickfacts: click fraud detector
textpayme: pay via sms
loopt: share your location with friends
infogami: cms written in python
simmery axe: social websites
Jul 20, 2020 • 8 tweets • 3 min read
just finished raising a pre-seed for me and @janerikasplund's new venture.
the last time i raised money was 2011-2013. a few things have changed that surprised me 👇
1/ no one uses @AngelList any more to raise. in 2011, you created a profile on angellist when you started to raise.
you could filter and sort investors to create a list of prospects. then you could find intros, reach out and set up meetings all through the platform.
Sep 3, 2019 • 20 tweets • 9 min read
the financial stack of a multimillion dollar services business 👇
@chargebee abstracts away payment method (credit card, direct debit, invoicing) and payment terms into subscriptions.
it does revenue recognition for accrual accounting so no more insane spreadsheets from your accounting team that are impossible to understand.