Tired: Sending someone a cold email asking to meet
Wired: Guessing someone's Calendly link and booking time without asking
Unhinged: Guessing someone's email and using it to book a random time in your own Calendly
Founders — What’s an acceptable end of year tip for your VCs?
I usually tip 10-15% depending on how helpful they‘ve been, with a 5% bonus for retweeting me often
Shitting on Galloway is played out
90% of people that rag on him aren't capable of original thinking and wouldn't dare make a public prediction of their own
Roasting someone for being wrong here and there while having zero skin in the game is just sad
I'm long Prof G
There are only 5 ways to help a founder:
1. Introduce them to customers
2. Introduce them to candidates
3. Introduce them to investors
4. Give them access to your Gulfstream G700
5. Amplify their company on Twitter
All other "valued add" is just glorified therapy
$33B of VC dollars were invested in crypto last year 🚀
A breakdown of how that was spent:
- 30% team retreats in Puerto Rico
- 20% crypto conferences and parties
- 20% anchor treasury collapse
- 15% airdrops
- 10% actively managed NFT “investing”
- 5% on team and product
In 38 days we’ll make an announcement that will change
@PartyRound
forever
For now, I thought I'd share the deck that
@sarahchase
and I used to raise our preseed in May of 2021, in case it'd be helpful to anyone who's thinking about raising their first round:
Dana White (
@danawhite
) just posted a video talking about his recent experience doing an 86 hour water fast
His results are incredible, but to anyone who has experimented with 72+ hour fasts, the results are actually nothing out of the ordinary
I’ve been fasting for nearly a…
Coinbase’s new documentary on the business & Brian Armstrong is such a missed opportunity
Why make an incredible piece of content about your co then charge your fans and users to watch it?
Shows a deep misunderstanding of the internet and how content should be used today
Just got asked to invest in a startup making the “first” male birth control that is non-hormonal, long lasting, and reversible
Passing because NFTs already exist, have the same effect, and are basically free
Reminder:
Depositing $1,000,000 into a business checking account on
@capitalxyz
will earn you $40,000 over 12 months
Depositing the same amount into
@chase
will earn you...
$100
Your choice founder 🫡
Founders if you’re raising a round right now, I would just take the week off.
The most successful VCs aren’t answering emails this week, they are at Burning Man.
I invested in 4 new startups this month:
1. Consumer social
2. Dating app
3. Cross-chain crypto payments
4. Ecomm Enablement
The market may not be as “hot” as it was last year, but there’s no shortage of incredible founders building their vision of the future
Tiktok is giving startups the same opportunity that Facebook did nearly 10 years ago
Apps like
@oopsfinance
&
@bopdropofficial
are getting hundreds of thousands of downloads and climbing the AppStore charts without spending a single dollar on paid ads
Incredible to witness
Founders often ask me where I find my motivation, here’s the secret:
When fundraising, I intentionally botch pitches with VCs just so they pass.
Every pass inspires me to grind harder.
If you're an early-stage founder and your Calendly looks like this I don't care what you're building just send me an invite on Party Round and I'll invest
.
@partyround
retreat in 2 weeks and there's 1 extra bedroom 🎉
If you're a product or brand designer, full-stack or iOS or platform eng, or content marketer and you're ready to make a move:
1) Shoot me a DM
2) We'll run a 7d hiring process
3) If it's a fit, we'll fly you out
“As investors, we have a very specific thesis — we invest exclusively at the intersection of the creator economy, web3, American Dynamism, and Generative AI”
Founders can now raise capital:
- From anyone around the world
- Instantly
- For free
- 24/7 (weekends included)
Simple feature, deceptively powerful 🎉
Many of the sharpest and most ambitious ~20 year olds I know are going to
@davefontenot
and
@lucy_guo
’s Hack Week
Miami has been meme’d into reality and it’s not just for crypto maxis and VCs
There’s a palpable level of excitement and optimism there and it’s infectious
Packy just dropped 6k words on
@capitalxyz
& how we got here.
He believed in us when we were just 7 slides in a deck & has had a front row seat ever since.
Here's our story:
If I was a college student interested in startups I would get really good at deck design
With current state of design tools and gen ai all you need is good taste and commitment to learn and you’re in business
Can easily make $1,000/deck and build relationships at the same time
Excited to finally share
@partyround
with the world 🎉
Will save a thread for another day, for now if you want to join our world-class team (including the infamous
@joshqharris
), check out some of our open roles or shoot me a dm 👇
Since you asked, this is
@PartyRound
.
We're building better tools for founders, starting with an automated fundraising tool.
Generate & send docs, collect signatures, and receive funds, automating your raise from open to close.
Founder: “Wow this VC spent 3 minutes on my last slide in Docsend. They must be really interested!”
VC: Spent 30 seconds on the deck, switched chrome tabs and left the docsend open
This was the insight that led
@sarahchase
and me to start
@PartyRound
Founders have made it easy to invest in every other asset class: NFTs, trading cards, wine, art, sneakers, etc
It's about time we made it easy to invest in our own 🎉
SVB is quickly becoming irrelevant to modern founders.
Our data
@PartyRound
shows they have ~5% of the pre-seed/seed banking market.
Their current market cap sits at 24B. I wouldn’t bank on that number increasing over the next decade.
Alternatively, you can join
@partyround
and work on this problem at an early stage co
Plus you can still work with someone named
@brianarmstrong
DM me 🎉
There’s less competition in web3 than you’d think
Mostly because ~80% of the people that should be building are still obsessed with the floor price of the latest PFP project
🤷♂️ 🤷♂️
Thrilled to announce that
@tj_cages
is joining
@PartyRound
🎉
Tyler built us a drop while interviewing & it was so good that I had to share it.
Choose a founder & collect investors on your cap table, Pokémon style
Drop 002 — Helpful VCs
Investors have 5 hours to verify and claim their NFT by tweeting it out… if they don’t, it goes to auction.
Not a VC? Retweet this tweet for a chance to win a Helpful Analyst!
Attention all VCs 🚨🚨🚨
When you're on vacation this summer in Europe PLEASE use the hashtag
#hotvcsummer
so your portfolio can follow along
Your founders will be grinding to return your fund so the least you can do is share the fun
Thank you