I often say on calls w/founders that while we have 10yr funds the goal is to one day distribute stock and hold it forever. This is a low probability outcome - and system and incentive structure allows for dumps - but it must be so unsatisfying.
May 23, 2023, 1:34 a.m.
May 18, 2023, 4:44 p.m.
Vertical software w/software business models and only a software value prop will be killed by LLMs. A software value prop w/non-SaaS business model, additional value beyond the software, and/or defensible lower-CAC distribution and or will still win.
May 12, 2023, 2:09 p.m.
In 2020 I wrote way too much long form content. In 2021, I tweeted. 2022 I wrote (bad) threads. This year (inspired largely by folks at Slow) I am going to share notes that take me <5 minutes to write based on what I think about walking to work. Disclaimer - not proofread.
May 8, 2023, 5:31 p.m.
What is the SAM, the company’s competitive advantage, and the strength of the team?
April 17, 2023, 12:11 a.m.
@modic123 Unbundle to rebundle. There was a lot of chatter RE bundling on here for a bit and the reality is that a biz with true competitive advantage will win share. To become "large" I think they eventually rebundle and cycle continues tho. Hard to build moat.
April 10, 2023, 5:58 p.m.
@ChairliftCap "If you can see the narrative before the price moves, that's where the alpha is captured."
March 26, 2023, 4:26 p.m.
Do or do not, don't try (document).
March 7, 2023, 11:39 p.m.
@modic123 Think GC has advertised examples of this - “ Demandware comes to mind. Not a large independent, but a large one within a larger one!
Feb. 23, 2023, 5:59 p.m.
