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The Great Tech Disconnects

The Great Tech Disconnects

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Jennifer, Mara, Astrid & Aniyia on Medium

How many times have we heard that the VC model is broken? Of course everyone is looking for a unicorn and the big pay-off, but considering the rate of failure of startups, are investors missing the forest though the trees?

That’s not the only disconnect. Again, pay attention.

We found an interesting piece from a few years back (2017) about investing in zebras (Zebras Fix What Unicorns Break), as opposed to unicorns which, let’s face it, are mythical creatures after all, while are zebras slow but steady growth companies that tend to solve real world problems, as opposed to a unicorn such as, for example, Google, which has created more problems for the world than it has solved. That sort of software isn’t eating the world, as Marc Andreessen once said: it’s more or less attempting to chew it up and spit it out. Read More...

Where Founder Pitches Go Wrong

Where Founder Pitches Go Wrong

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Heads up! This is a great time to start a company. According to NPR, there’s an Unexpected Boom In Startups. “Most of these new businesses are seizing opportunities created by the weird coronavirus economy — an economy where people don’t really want to do stuff face-to-face anymore… Economists have a term for this…”creative destruction.”… Harvard University economist Joseph Schumpeter… described it as a process of “industrial mutation … that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” He placed it at the center of capitalism, arguing that it was a force that made capitalism much more innovative than socialism.”

We know that many of you are working on newcos. We hear this from you all the time and our online investor breakfasts are certainly proof of it: everyone briefly pitches and everyone has a newco. We receive your decks and executive summaries and, since we do investor breakfasts semi-monthly, we must know all of the investors (we do know literally hundreds of them), so we’re often asked can we please send out your enclosed deck to the investors for whom we feel it might be appropriate? Happy to! But we get paid for our time. Read More...