1/6) India is on fire. 7 people will die/min unless we set up hospital beds+oxygen. Sending concentrators is not sufficient. Hospital beds need that and more! So,
#PoojaMalik
,
#NeerajGarg
and I decided to set up . I will donate $20/re-tweet upto $100K
SF Supervisor Dean Preston thinks we are living in communist China and he can order Safeway to stay open. Genuinely can’t decide whether to laugh or cry
Huge congrats to my friend
@shankert
who joined
@nvidia
in April 2009 to build out the “enterprise” business. At the time, it’s mkt cap was ~$10B. The “enterprise” business now accounts for the bulk of Nvidia’s ~$2T mkt cap.
Why are we making this so complicated ? Fentanyl is illegal. Selling it or consuming it is illegal. SF Residents and tax payers should not have to pay for the consequences of illegal behavior. SF residents, local businesses and tax payers are pretty clear - no drugs, no drug…
Some comments can be written off as ignorance, but this is abhorrent. India was 25% of world GDP prior ro colonization. Churchill was responsible for more deaths than even Hitler (hard to imagine, but true). Requesting
#India
founders to raise awareness of this thread cc
@8vc
After reading all the back and forth about crime in SF including statistics being thrown back and forth, the question on my mind is, why isn’t the policy “zero tolerance”? zero tolerance for illegal drug consumption, zero tolerance for drug sales, zero tolerance for homelessness…
It’s time the SF Bay Area said “NO” to this! I have yet to meet a resident, tax payer or small business owner who thinks this is OK. So why do we have to take it ?
Same thing for petty crime and public drug use. Why is it so controversial to just say NO MORE.. not in our towns!…
If you aspire to be a world class leader in tech (founder, VC) living/working in the SF Bay Area dramatically improves your odds of success. Nothing else comes even close. If you have to live elsewhere for personal reasons, I get it; but let’s be clear, there is a professional…
Too many startup founders are not choosing to consume the advantages of living /working in the Bay Area because they fall victim to arguments about lifestyle, crime, and costs.
Makes me happy to see how well the average Indian American has done in the US. This is unique because the Indian American community has no “privilege” - most of us came to the US with less than $1000. We faced racism like many immigrants and despite that we thrived. Why ?
#Gandhi
was 45 when he returned to India and started his career as a freedom fighter.
@WarrenBuffett
was 45 when he started investing in ernest. Reminder that age is just a
number and “greatness” may just be around the corner for all of us!
@adityaag
While most SV residents are socially liberal, increasingly folks realize that capitalism is crtical to the survival of the American way of life.
Plenty of VCs who don’t fit this stereotype. Some of us come from humble backgrounds and were heads down studying so that we got into a a decent public school and would have the money to support our parents/repay debt. But, I guess that doesn’t fit the stereotype 🤷
@DanielLurie
At what point does society decide that we can’t afford fund a never ending supply of Narcan and treatment for drug addicts who refuse to help themselves ? After all, that money is coming at the cost of better schools or some other program for poor/middle income tax payers
@sama
this is a huge issue and i know so many founders who went back to India because of visa issues. should be easy to fix but neither democrats nor republicans care to do so
May Diwali bring about the victory of light over darkness, good over evil, and knowledge over ignorance. And may Lakshmi (goddess of prosperity) visit all your homes tonight 🔥
@chetanp
VC predictions ~ 3 years ago that on-prem would disappear were/are naive. On prem is being transformed and will look more like the public cloud with 3rd party vendors providing tooling similar to what AWS/MS/GCP have built in-house.
Super proud of
@CHANEL
CEO Leena Nair. Started our careers at
@Unilever
as trainees together 31 years ago, and even then, it was clear that Leena was going to break every glass ceiling there is! And she was super kind to a young IITian who had never heard about IRR/NPV or Kotler…
Met the Global CEO of
@CHANEL
, Mrs. Leena Nair. It’s always a delight to meet a person of Indian origin who has made a mark at the world stage. We had a great conversation about ways to further boost skill development among artisans and to make Khadi more popular.
@Noahpinion
Many (not all) Britishers have a condescending attitude towards India. That attitude is best summarized by Lord Macaulay who said “a single shelf of a good European Library is worth the whole native literature of India and Arabia” 😡
1/ CEO of a growth stage B2B /Enterprise company asked me what she should do to prepare for a recession. This is what I came up with: (1) Heavily incentivize your sales team to sign 3yr + deals
The closing keynote at
#FCBUILD
is coming up at 2 PM. Don't miss
#FrankSlootman
, CEO of
@SnowflakeDB
, former CEO of
@servicenow
&
#datadomain
. Frank is arguably the best CEO in all of Tech. Don't miss him share his advice for founders and CEOs. dm me if you need a sign-up code!
Fed/administration doesn’t want to be seen to bail out a “tech” bank and support the “rich”. On the other hand, if SVB depositors aren’t made whole by Monday, the Fed is essentially telling all businesses to only bank with the “too big to fail” banks. Interesting conundrum for…
@JTLonsdale
references
#Sati
which was terrible (but had context) and forgets that the British cut off the hands of Indian weavers to force Indians to buy British textiles. Also, forgetting Churchill’s role in the Bengal famine that killed 3M
landed in arusha (tanzania) for my first ever safari. The guide who picked us up spoke Hindi and Gujrati. walking around the hotel post dinner and there is a local celebration where they are singing (live) old Bollywood songs. And off course the hotel restaurant serves parathas…
I never understood why US VCs use Yale or Stanford as "best possible founder filter"
Compare it to:
- Get into IIT in India
- then a US visa (as Indian!)
- then join a top-tier company in the Bayarea
- AND THEN decide to "f&ck it… i'll start a startup"
That's a filter! 🤯🔥
SF is a tale of 2 cities. Hayes Valley is ground zero for AI and becoming Cerebral Valley. Downtown is ground zero for drug dealers and corrupt politicians (like
@DeanPreston
) and becoming a zombie town.
As a US citizen, I struggle to think of a more stupid and self-sabotaging decision than the 85K/year cap on H1B visas and the 10+ year wait for green cards for most Indians. It pushes away the “cream of the crop” and perversely attracts the “middle of the road”. So many other…
On Thursday, Title 42 expires, allowing 10k+ illegal migrants at the US border a day, accepting 30k legally a month.
But if you're
—poor
—learnt English
—aced school
—took on debt for US college
—got a US job legally
Too bad, the US wants only 85k a YEAR of you!
🧵
For an investor, a “good risk” is when you find an extraordinary founder who’s about to turn those big dreams into reality.
@anshublog
is one of those 1 in 10,000 entrepreneurs for me 🙏
VCs are supposed to have appetite for good risk - pay a lot to have a shot at 1 in 10, or even 1 in 100. Only a few actually do.
@ashugarg
is one of those few for me. Dreams big with me.
Go find your VC partner who will dream big with you.
1/ 2023 was the year enterprise AI hit an inflection point. This month, I peer into my crystal ball to chart where the field is heading in 2024 & 2025. Founders, take note - the future is coming faster than you think!
At a board meeting today, I had one of those rare moments when you can see 100X growth ahead of you (straight down the fairway), and you feel like it's time to put a brick on the accelator pedal and unscrew the brake pedal. Feeling blessed 🙏
HUGE congrats
@farhadm
&
@Tubi
team for building an enduring product & company. In 3 years, Tubi will be a household name. Honored for
@FoundationCap
to be the 1st & largest investor. Congrats
@joannezchen
who was our board member for a big win!
Personally I think it’s sad and unfair that
@travisk
won’t get a chance to ring the bell. Without
@travisk
, there would be no uber, and probably no ride sharing industry. And a lot fewer millionaires in SV. Travis deserves to ring that bell!
@BillAckman
@POTUS
student loans also need to be under-written like all other loans based on the likely income from that degree. This will force universities to link their fee structure to the value their degrees deliver.
I am excited to share that
@khoslaventures
is leading a $30M round in Skyflow.
I have long admired
@vkhosla
for being single minded in his pursuit of building generational companies by investing in teams that are solving the hardest tech problems.
When we look back, this may be the peak of the GAI hype. $113 M for a formation stage (zero code) French startup developing an open source competitor to GPT4/all the other models already in market. I just don’t see how this ends well.
In the early 80s when I was a kid living in Kano (Nigeria), I used to collect magazine clippings of Steve Jobs and Bill Gates. At the time, we didn’t even have a landline phone at home and so a computer seemed magical. I vividly remember reading about XEROX PARC where the mouse…
Happy Diwali! Diwali is a celebration of family, friendships, and the victory of good over evil. It's also a celebration of persistence, and of overcoming insurmountable odds. Furthermore, it’s a celebration of Lakshmi (goddess of wealth/good fortune) and by extension of…
When I graduated from
@iitdelhi
in 1992, I had never heard of venture capital and couldn’t imagine working anywhere “for ever”. Today, as I celebrate my 15th work anniversary at
@FoundationCap
, I can’t imagine working anywhere else. I am fortunate to work with talented founders…
Umang was one of the first Indians to taken a company public as CEO, paving the road for the many Indian CEOs we see today. He was also an incredibly humble, helpful and nice guy. Umang was a role model for so many of us. RIP Umang. We will miss you, and your infectious energy.
Umang Gupta, a Silicon Valley entrepreneur who helped drive two trends in business software while blazing a trail for Indian-born entrepreneurs, has died at 73.
6/6) ..We have equipment lined up. We have raised $1M from SV leaders. We need to raise another $1M to set up 1400 hospital beds and save 28,000 lives. We need to act NOW. Every $100 saves a life...how many lives are you willing to save today ?
@ashugarg
2/6) Partnering with
@roundtableindia
gives us on-ground networks We r setting up 14 field (100 beds each) hospitals in the worst hit areas. At $1500/bed, we can save lives for less than $100. We have raised $1 M in the last 3 days. Ck. out to learn more
.
@Tesla
service sucks. been waiting for 53 mins for a test drive and the car still isn't here. Now i am told the car is in San Jose!
@Stanford
store, mgr Drew Turner.
@elonmusk
- your service sucks!
Super excited to welcome
@VinIyengar
to the
@FoundationCap
Enterprise team. The 1st time I met Vinay, I was blown away by his focus on serving entrepreneurs and his thoughtfulness/insights. I was confident that we would end up working together one day, and I am over the moon that…
I'm beyond thrilled to be joining the partnership at
@FoundationCap
today. Below are some of my reflections on the journey so far and why I'm so excited for the next chapter!
@chetanp
Enterprise software is a remarkable business model. Once you find product-market fit (typically at $10 M in revenues) and demonstrate 70%+ GM, you will create value. How much value is a function of capital, patience, execution, and degree of market pull vs. push.
@m2jr
India by a long shot both in % increase and absolute no. of new startups. In 10 years, India will likely be the
#3
source of unicorns after China (
#1
), and SV. PS: recognize that i am comparing apples and oranges since China and India are countries
Another
@1MoreBreath
facility in
#Kolcutta
is up and running. Superb execution by the team. The GoI is now asking us to open source the design and BOM💪
Happy New Year! Spent NYE at a wine bar in Chiang Mai that is truly world class. Started the year at a Buddhist temple. Great way to end an intense year and decade. I hope that the '20s will be my most joyous, productive and impactful decade to date!
Just completed 8 day safari accross 4 parks in Tanzania. Incredible experience hanging out with lions, leopards, elephants, giraffes and other animals. My biggest surprise was how much better the tourist experience is relative to India. And it’s not about the “big things” but…
My
@iitdelhi
classmate's brother-in-law just died because someone stole his oxygen concentrator. He was in his early 50s, and recovering. He did not deserve to die. We need to act NOW. Help
@1morebreath
set up field hospitals with oxygen support. Donate at
I don’t think the residents of CA are that excited about funding/supporting the homeless from the entire country. perhaps it’s time for a zero tolerance policy in SF, and accross CA. Retweet if you think it’s time for CA to stop being the magnet for all the homeless in America!
The suspect, who is homeless, isn't from here. He's from New Orleans. Like it or not, California is a magnet for homelessness. Almost half the entire country's homeless population resides in California.
@GavinNewsom
#SanFrancisco
The decisions by CA and Cambridge to teach public school kids "less math" are the most stupid decisions I have been witness to in my life. I believe that these decisions are amongst the most racist and discriminatory in recent American history. I hope the individuals making these…
Day 5 without coffee! After 20 + years of drinking 5-7 double shot Americanos/day, I am giving up coffee for a few months as an experiment. I really miss the taste of coffee, but I haven't snapped at anyone yet.
Proud to see
@joannezchen
join the General Partner group
@FoundationCap
. As the person who hired her, its been gratifying to see her grow as an investor & leader. Look forward to seeing her invest in the best
#Enterprise
companies of this decade!
Every time, I attend a board meeting, I remind myself to find the right balance between participating and observing. As a former operator, it’s normal to have opinions; the hard part is picking when to share them. Fortunately, like good wine, I am getting better with age😎
.
@sidtriv
& I signed our 1st all
@zoom_us
termsheet
@FoundationCap
. Never met anyone on the team f2f. Didn't think it was possible, but "necessity is the mother of invention". Excited and nervous!
Stunned to see this. Naren was so full of energy when I last met him a few months ago. Naren was a pioneer and led the way for other first generation Indian immigrants like myself. RIP Naren. You will be missed🙏 cc
@annekagupta
@OpenAI
@aparanjape
That’s great. We believe that Foundation models, like GPT-4, will prompt a reimagination of nearly every category of software application, creating follow-on opportunities for infrastructure-minded entrepreneurs. Our market map inventories the rapidly …
After a decade of investing in B2B AI startups, it’s great to see the category have its “Netscape” moment. While
#GenerativeAI
is the buzz word, the Enterprise AI stack is so much more-from AI apps to app dev platforms to data and compute infra that’s being reimagined due to AI
4/6)In case, you are wondering why hospital beds, & why we didn't join the concentrator bandwagon, its simple. The last mile! Too many oxygen concentrators r sitting idle on the tarmac of Delhi airport. We will make sure that the oxygen concentrators are actually put to use..
43% of F500 cos founded by immigrants.
#IIT
alumni are the 4th largest source of Tech Unicorns (after Stanford, Harvard & Berkeley). Many (perhaps most) of these immigrants came on an H1-B visa. "Pausing" H1B visas will cause long term damage to the US economy!
Immigrant Founders of the 2017 Fortune 500
A very important new report by
@John_Dearie
@startupsUSAorg
43 percent of companies in the 2017 Fortune 500 were founded by a first- or second-generation immigrant
Can’t tell you how proud I am as an investor, an immigrant, and an American to have backed 3 of the founders on this list (
@mohitaron
,
@ashutoshg
, Ion Stoica) and to count 2 others (
@jyotibansalsf
,
@ajeets
) as friends. 🗽🇺🇸
@patrickc
Biden's decision to restrict exports of raw materials required for vaccines, to not share surplus vaccines (which will not be used by the US) and to not lift patent restrictions is unconscionable and will hurt the US. The world is watching and will remember!
1/2: H1 2020 was exceptionally busy at
@FoundationCap
. The Enterprise team made 5 new investments and quite a follow ons. We also made our 1st all zoom investment.
I am horrified by the "progressive" policies in SF. If SF collapses, it will be a case study of the failure of progressive policies. However, the wealth effect of Big Tech will over-power bad policy and pay for the stupidity of SF govt for years to come.
Conservative Twitter is all over this.
I highly recommend reading the quote tweets for a deeper understanding of how many in America view SF, the left, etc.
A thread 🧵 (1/x)
One of those rare BoD meetings where things are going so well that the my advice was “unscrew the breake pedal, put a brick on the gas & just focus on steering” Amazing work by
@farhadm
&
@Tubi
team. And great fellow board members -
@bjwilson34
@joannezchen
&
#sandygrushow
@patrickc
The housing issue accross the Bay Area is purely a creation of poor zoning policies. To continue to florish, the Bay Area needs 250K houses immediately and 1 M over the next decade!
Markets are down but my twitter feed makes it sound like the world is ending. Just a quick reminder that the
#Enterprise
team at
@FoundationCap
continues to lead rounds in pre-revenue, pre-product and occasionally pre-idea companies. We made 2 investment decisions today. dm us!
I am very excited to play a role in
@Cohesity
's journey toward becoming the market leader in the data security and management market. Congrats to Cohesity on the big milestone!
Check out FC's full journey here:
sitting in a board meeting for a scaled company. discussing 2024 plan. Great reminder that
#1
driver is pipeline. As the CEO said, You can’t close what you don’t have”. One of the board members who is an efficiency nazi uncharacteristically said, “it’s ok to be inefficient here,…
@JayaGup10
taking her shot - found
@sama
’s address and left this at his doorstep in the rain in the morning. And that too after having a car accident last night. Super proud of her hustle 💪 cc
@FoundationCap
5/6) ..in the field and that there are beds, pulse oximeters, nurses, doctors and all the other things that are required to care for patients. My co-founder, Neeraj, has 20 years of healthcare experience in India including CEO at Apollo Hospitals. We have hospitals lined up..
90% Indians have received at least 1 dose of the vaccine. Remarkable achievement for a country with 1.4B people, 650K villages and $1900 GDP per capita (3% of US per capita GDP).
3/6) We need to raise another million by the weekend to pay for the equipment we have already ordered. Please dig deep and donate at DM me for larger amounts/questions.