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LYFT
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If you are thinking about investing in a consumer-facing company or starting one I would really study how Lyft handles customer acquisition, conversion, and retention. They are one of the best in the business! When we invested in Lyft in...
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GENERAL ASSEMBLY
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It’s very rare, unfortunately, that I can report we accomplished the double bottom-line on investments. But our investment in 2014 in General Assembly (series C, Maveron lead the round) has 1) Exited, they were acquired for $412m last week. 2)...
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DROPBOX
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$25k investment in Dropbox 10 years ago would have made you more than $8million in 2018. Yup, over 39,000% return or 81% annualized ROI. Remember they started off raising $1.2m led by Sequoia. We invested a little later. So 11...
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ANDRE
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@andre is leading the shift in NBA players and if you read between the lines you can see it. Remember when athletes and wealthy black Americans in general mostly focused on fast food, car washes, and other brick & mortar businesses?...
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WILL.I.AM
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Will.I.AM is a tech founder. @iamwill is the founder and CEO of I.am+, they originally focused on headphones as a consumer electronics company but peep this: he raised $117 MILLION from Silicon Valley, employs 300 people, and pivoted to an artificial intelligence...
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KEVIN DURANT
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Kevin Durant is a venture capitalist. He hangs with VC’s (had a bday party at Ben Horowitz’s house), invests with them (co-invests with Ronald Conway a lot) and his manager is out there sourcing and vetting deals for him (Rich...
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WHY 90% OF STARTUPS FAIL
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A lot of people want to invest in startups but it’s tough. 90% of startups fail. Imagine investing your own money or people paying you to invest their money, and your first 9 investments fail and go out of business!...
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TRACTION
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VC’s love saying “come back when you make more traction.” Most of the times it’s their way of saying they are passing, but other times they may not have the money to invest and they want to keep the relationship...
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WHAT NBA TEAMS, RECORD LABELS, AND VC FIRMS HAVE IN COMMON
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I recently sat down with @dereklfisher discussing tech and basketball and the similarities between the two. It struck me after speaking to @yg about how his record labels make money the same way venture capital firms make money. The reason why athletes and entertainers...
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MILLIONAIRES
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There were 700,000 millionaires created last year in the USA. Let me repeat that: Millionaire households in the U.S. jumped by more than 700,000 last year. The U.S. now has a record of more than 11 million millionaire households. What...
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