It’s so easy with zero day startups for investors to get deep in the weeds on pricing, GTM approach, features etc.
The only thing you really know about a zero day startup is that in a year it will look nothing like you expected in all of those axes. It reminds me of a great comment I heard about forecasts/models…. “The only…
Great post as always Mark.
Personally I always hated to send a deck. I wanted the audience to read what I wrote and powerpoint/decks feel like they are intended for presentations not for consumption.
For me what worked well was sending an executive summary.
Really fascinating topic that I was just thinking about so your article was timely. Although I think there is likely some connection to property values and commute time, the issue with the 99mph data is that they assume causation when there is only evidence of correlation.
I enjoyed your article but throughout the comments you keep saying “If I could edit the original piece”.
Medium is not a blockchain enabled app. You can absolutely go edit the original piece. :)
Fair questions. There would have to be a management fee but since it wouldn’t be structured as a “fund” it would just be operational costs. If the initial fund raised was large enough it would be sustainable at 1% or lower.
The only way I envision it working is if it’s inbound deals so it’s really marketing driven, not a ton…
It would need to be structured not as an ETF or Mutual Fund but rather as a corporation whose charter is to buy and hold seed stage investments, somewhat like a REIT. REIT owners don’t redeem their stock for cash from the REIT, they simply sell it to somebody else.
I think some of your points are good ones. Two I really disagree with though.
First is adverse selection. For example, the idea that a seed stage startup would prefer to go through an entire 4–8 month long pitching process versus getting a 3 day turnaround on funding through an automated…
Excellent post. I’d be happy to give you a free run of Meta SaaS if you’re ever looking for a solution that exceeds spreadsheets :)
All day long all I think about is this exact set of problems that you’ve described.