CAPITAL

FINTECH
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Did you know the U.S. government and white-owned banks have historically shut out black Americans from prosperity while boosting white Americans into the middle and upper classes? Look it up. Post-New Deal until the late ’70s, the way that middle-class...
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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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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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CASPER
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When I told my investors we were investing in Casper they laughed at me. Literally. In the first month, they destroyed sales forecast and were on a 12m run rate. What I learned from Casper is disruption is scary AND...
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ROBINHOOD
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One of my favorite things about investing in tech is being able to beta test technology before its released to the public. When I invested in Robinhood in 2014 I was able to beta test it and use my wall...
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RING
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In March 2014 we invested in Doorbot which is now called Ring. Four years later it was acquired by Amazon for $1 billion. That’s a 9,900% ROI! This is why people invest in tech and why founders start tech companies....
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