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David Mort Profile
David Mort

@David_Mort

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Investing in founders building tomorrow's economy @PropelVC ⚡️ 🌎 🤑 🦡 david @propel .vc

San Francisco, CA
Joined May 2009
Don't wanna be here? Send us removal request.
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@David_Mort
David Mort
6 months
The best part of the business is working with incredible founders 🤝🫶 If you're creating the new economy, let's chat!
@matan_si
Matan | eOracle/acc
6 months
@0xelton @PropelVC Elton and the propel team are the partners you want as a founder, always available and looking to provide valuable feedback. The past year and a half working with them as a founder has been awesome ♾️
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@David_Mort
David Mort
11 months
🚨I'd like to do another venture investment this year, $500k to $5M, ❌something exciting in technology that could be relevant to financial services 🧪💱💫 If that’s your startup, please email me as many details as possible 🫶
@David_Mort
David Mort
1 year
Let’s see if this works 💡 I’d like to do another venture investment by June 30, $750k to $4M - preferably @ intersection of AI & financial services 🏦 🧠 If that’s you, please email me as many details as possible 🫶
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@David_Mort
David Mort
2 years
🚨Request for Startups: Relevant to financial services and raising $1.5M to $15M… - Fraud - Compliance - Identity - Security - Investments - Payments - Infrastructure - Data & Analytics 🌎US, LatAm, & 10% opportunistic 📧 david @ propel dot vc 💱 @propelvc
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@David_Mort
David Mort
3 years
Excited to partner with the team at @truora as they announce a $15M Series A round co-led by @PropelVC and @Accel . Looking forward to working with @ddbilbao , Maite, and the team!
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@David_Mort
David Mort
2 years
1st Daddy-Daughter Dance ✅
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@David_Mort
David Mort
1 year
We've partnered with 3 strong founding teams this summer at the intersection of AI + financial services. @ParchaHQ (announced today), and two with stealth fundraises. I’d like to make another venture investment by August 31, $500k to $4M - preferably at the intersection of AI +
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@David_Mort
David Mort
1 year
Let’s see if this works 💡 I’d like to do another venture investment by June 30, $750k to $4M - preferably @ intersection of AI & financial services 🏦 🧠 If that’s you, please email me as many details as possible 🫶
@jasonlk
Jason ✨👾SaaStr 2025 is May 13-15✨ Lemkin
1 year
I now have bandwidth to do 1 more venture investment by June 30, $750k-$4m If that’s you, just please email me as many details as possible
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@David_Mort
David Mort
2 years
.⁦ @PropelVC ⁩ offsite this week! Good to get together with the team 😎 🌊
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@David_Mort
David Mort
2 years
I aim to respond to all thoughtful cold emails, but >95% are copy/paste to 100s or 1000s of investors. Founders are now sending ChatGPT-assisted cold emails that utilize Crunchbase data and scripts. Genuine/thoughtful outreach stands out 👀
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@David_Mort
David Mort
8 months
If you write a good cold email, it will stand out in the sea of AI-assisted cold inbound we are receiving. Standing by, waiting to read your thoughtful, cold email. Preferably in software at all relevant to the future of financial services. Thx
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@David_Mort
David Mort
2 years
Dinner with my partner @JayReinemann @PropelVC
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@David_Mort
David Mort
2 years
What happened to VC funding in Q3 2022? TLDR: Funding levels remain elevated despite the narrative that VCs are sitting on their hands. VC $ peaked in Q4 2021, and there's enough excess to keep putting up lofty funding levels. Let's take a look (source: Pitchbook data, @PropelVC )
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@David_Mort
David Mort
2 years
Back home after a successful week in Madrid 🇪🇸 with @JayReinemann @PropelVC
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@David_Mort
David Mort
2 years
Had an incredible week in NYC meeting ambitious founders and thoughtful investors. Good to hang with ⁦ @0xelton ⁩ who represents ⁦ @PropelVC ⁩ in the city. Reach out and let’s meet up next time.
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@David_Mort
David Mort
2 years
After spending the week prospecting for fund and startup banking relationships...
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@David_Mort
David Mort
2 years
Hiring for 2 roles @PropelVC 1) LatAm VC Investor (CDMX, São Paulo, Bogotá, Buenos Aires) - accelerate efforts & allow us to better support port cos 2) Chief of Staff (Remote) - balance betw/ ops & supporting investment team scale DMs open! @JayReinemann @claremckee123 @0xelton
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@David_Mort
David Mort
1 year
@darrenrovell @lcgauctions How many of these are in a storage unit in Cupertino?
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@David_Mort
David Mort
2 years
Excited to work with the @heliuslabs team at @PropelVC . It's been too hard to build applications on Solana - @0xMert_ and team to the rescue! Fun to invest alongside friends @CraigBurel @soona @jmj
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@David_Mort
David Mort
2 years
In Miami Beach 🌴🌞 Santa Monica 🏄 🧑‍💻 and San Francisco 🌉 🚎 over the next two weeks. Reach out if you want to meet up 🍵🤝 Investing in the new financial economy from Seed to Series A. Thinking about ways to accelerate, enable, and deliver the future of financial services.
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@David_Mort
David Mort
1 year
Update: This works 📑✅ @PropelVC ’s second investment at the intersection of financial services x AI this month 🧠 🏦 🎤 What’s next?! Would love to explore what you’re working on or please introduce your friends 🤝
@David_Mort
David Mort
1 year
Let’s see if this works 💡 I’d like to do another venture investment by June 30, $750k to $4M - preferably @ intersection of AI & financial services 🏦 🧠 If that’s you, please email me as many details as possible 🫶
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@David_Mort
David Mort
2 years
What are the best mission statements in financial technology? Two I've always loved: 1. "Increase the GDP of the internet" - @stripe 2. "Transforming risk into opportunity" - @NewfrontHQ
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@David_Mort
David Mort
2 years
Heading to Las Vegas for @money2020 next week! Are any entrepreneurs building whatever comes next? Are any talent magnets thinking about Starting Something New? Any visionaries that see the world differently? Let's connect.
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@David_Mort
David Mort
1 year
Running an SF-based venture fund with two University of Wisconsin grads 💪🏻🤠 @JayReinemann
@julianweisser
weisser
1 year
One of the most powerful combinations has got to be Midwest earnestness and Bay Area ambition.
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@David_Mort
David Mort
2 years
back from Money20/20, the "Proof of Life" event for fintech investors
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@David_Mort
David Mort
1 year
Big summer plans in SF for @PropelVC . Come visit the team.
@claremckee123
Clare
1 year
it's an #SFsummer at @PropelVC 🏙️ if you're building solutions for: 🔒anti-fraud / cybersecurity 🎯compliance ⚙️workflow automation i want to meet you IRL. dms are open!
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@David_Mort
David Mort
2 years
Work at a team that moves quickly and builds things that are in demand.
@0xMert_
mert | helius.dev
2 years
We're looking to grow the Helius team. Looking for a range of positions ranging from: - dev relations - BD - senior infra or data engineers *the main requirement is that you must be self-motivated and possess high-agency* DM if interested Offering referral bonuses as well
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@David_Mort
David Mort
1 year
@sfchronicle The hot spot map illustrates your car is not safe anywhere.
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@David_Mort
David Mort
1 year
San Francisco has been lovely this week. First time it was clean / safe enough to show my kids the office. Poop outside was cleaned within an hour of the request. And the city is literally vacuuming the streets 🌉🤩 #APEC2023
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@David_Mort
David Mort
2 years
@nic_detommaso 👤 @David_Mort ✍️ General Partner 💰 @PropelVC Pre-Seed to Series A 🎯 Fintech & Web3, US & LatAm 📲 david @propel .vc
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@David_Mort
David Mort
1 year
Every day, I wake up to ~10 pitch emails with subject lines like "Manila based laundromat raising $2M equity"
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@David_Mort
David Mort
1 year
There's something so satisfying about a company growing 10% MoM, every month, with a highly repeatable biz model, that will grow into their 2021 valuation by a known date (2024/2025) - with cash to get them there and beyond. It beats the ones that just aren't going to make it.
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@David_Mort
David Mort
1 year
The @PropelVC team needs a place to work in San Francisco the week of June 26. Any ideas? Just need a dining room table but not a lot of Airbnb options.
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@David_Mort
David Mort
1 year
@SullyCNBC SF has problems that cell phone data can’t reveal. Small businesses have been gutted. Those that remain open are one break in away from closing. The lawlessness is wild. And yet, the future is build here.
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@David_Mort
David Mort
2 years
Which early-stage companies will have the biggest impact on the "new financial economy" but are not consensus "fintech" companies? That's what I'm looking for. Reach out [david @ ]
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@David_Mort
David Mort
2 years
If you're a FinTech/Web3 founder at the pre-seed or seed stage, lets chat - @PropelVC . Find us @money2020 next week ( @JayReinemann @claremckee123 )
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@David_Mort
David Mort
2 years
@pitdesi So many learnings - got knocked around in 2015 during the emergence of alt lending as a category, funding several players. Since shortly after, have not understood how VC $ continues to flow to balance sheet lenders.
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@David_Mort
David Mort
1 year
You can now use ChatGPT on WhatsApp. Cool to see @truora driving adoption in LatAm. @PropelVC portfolio company.
@ddbilbao
Daniel Bilbao - Truora
1 year
ChatGPT + WhatsApp in English! After the success of our Spanish solution, we've launched the Genie You can use it here!
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@David_Mort
David Mort
1 year
Boom! Proud to have @PropelVC join @ParchaHQ 's Seed round announced today. Parcha is building AI Agents to instantly automate compliance and operations. You can read more about what they're building here: Thanks to @_aj and @MiguelriosEN for partnering
@ParchaHQ
Parcha
1 year
We're excited to share that we have raised $5M in seed funding led by @KindredVentures and @Initialized to instantly automate compliance and operations with AI. Learn more about how our first customers are using Parcha here:
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@David_Mort
David Mort
2 years
Returning to normal after Hurricane Ian! ✅ 4 days without power ✅ 15 days without home internet
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@David_Mort
David Mort
2 years
Honored to have been on the journey with the @ease team - thanks @courtstarr and David for your partnership with @PropelVC . Thankful for the friendship as well 🫶🎊
@courtstarr
Courtney Guertin
2 years
🎉 Ease & Employee Navigator unite! It's been 10+ years of relentless dedication & persistence. Huge thanks to our amazing team, customers & investors – you made it happen. Proud of our achievements & excited for the next decade of joint innovation.
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@David_Mort
David Mort
11 months
@Altimor Yes, I had my not as expensive commuter bike stolen in SF. Police called a few months later and had it at the station. It was left at the end of an alley near someone who had passed out.
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@David_Mort
David Mort
1 year
@gdb ❤️Thinking about you - congrats on all your accomplishments
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@David_Mort
David Mort
2 years
@Bfaviero It's more about a natural interest in having as many data points as possible. Until there's a line in the sand, you can always digest new information, have other options that become more attractive, etc.
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@David_Mort
David Mort
2 years
Hoping supply chains magically solve themselves is the new "transitory" #FederalReserve #inflation
@DeItaone
*Walter Bloomberg
2 years
BOSTIC: HOPE IS THAT THINGS OUT OF THE FED'S CONTROL, LIKE SUPPLY CHAINS, START TO GET INTO BETTER SHAPE
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@David_Mort
David Mort
2 years
@matt_haf Requiring a warm intro isn’t helpful. There’s massive space to improve the tens of cold emails we get a day. Most are copy/paste, not targeted. When someone takes the time and is clear on the ask - it JUMPS out.
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@David_Mort
David Mort
2 years
The innovation economy has been in a bear market for over a year. Timeline of risk asset peaks beginning in Feb 2021, from ARK to housing and many in between.
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@David_Mort
David Mort
2 years
Permissioned finance with permissionless infrastructure. I appreciate your efforts here to see how this works @nathanlallman
@nathanlallman
Nathan Allman 🌊
2 years
1/ 🚨 @OndoFinance is bringing US Treasuries and institutional-grade bonds on-chain 🚨 We are making it possible for stablecoin holders to invest in US Treasuries through a daily liquid, bankruptcy-remote, tokenized fund with regulated service providers.
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@David_Mort
David Mort
2 years
Total Unicorns at year-end 2022: 1,205
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@David_Mort
David Mort
2 years
Carmel-by-the-Sea lovers: what are the best non-obvious company retreat activities for a small team? Preferably walking distance.
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@David_Mort
David Mort
2 years
"Government censorship as a backdoor substitute for the legislative process has no place in finance—or any industry." Powerful words today from @katie_haun in a @WSJ op-ed titled: How U.S. Regulators Are Choking Crypto
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@David_Mort
David Mort
2 years
The @PropelVC team is growing. Thankful to work with an incredible team. We are now six full-time + a rockstar intern. In the Chief of Staff role, Jaclyn will help us deliver more value to Propel's entrepreneurs and partners.
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@David_Mort
David Mort
2 years
@zachperret Are we unbundling again?
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@David_Mort
David Mort
2 years
The overnight unicorn founders taking millions in secondary from retail investment platforms... how is this working out? The bad behavior of the last two years is wild.
@David_Mort
David Mort
2 years
The financialization of everything, especially involving retail investors, has led to poor outcomes.
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@David_Mort
David Mort
2 years
@mdudas I believe this is called tax loss harvesting.
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@David_Mort
David Mort
2 years
Startup founders: do your own thing, make it singular. This is the feeling VCs are chasing🤩
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@David_Mort
David Mort
2 years
There were 96 VC rounds of $100M+ in Q3 2022, down 42% from the ATH. Despite the decline, Q3 2022 levels are 2.5x 2019 levels and 2x 2020 levels. Despite the longest IPO drought in 20 years, $100M+ financing rounds remain elevated.
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@David_Mort
David Mort
2 years
Do you know of a place to sublet this summer in San Francisco? Asking for @braeden_norris of @PropelVC 🙏🌉
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@David_Mort
David Mort
1 year
I heard SF is the place to be. Helping a friend/VC/25yo find a roommate for a 2 or 3 bedroom. Open to the neighborhood. Happy to play matchmaker if anyone is looking. #roommate #sf
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@David_Mort
David Mort
2 years
At my daughters’ dance class. An older sister in crowd usually brings dolls - major distraction for the 3-4yo class. Today she brought a live bird 🦜👜 🙄
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@David_Mort
David Mort
2 years
@NWischoff 2022 vintage smashes because founder/opportunity quality? Surely not for the pre-seed / seed pricing.
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@David_Mort
David Mort
10 months
@DangeRussWilson 💪🏻🦡 you got this
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@David_Mort
David Mort
9 months
If you enjoy markets sign up for @LumidaWealth ’s weekly email - @ramahluwalia and his team bring some of the best content together
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@David_Mort
David Mort
2 years
Heading to Madrid 🇪🇸 See you there next week. Reach out with recommendations for food/matcha and fintech operators.
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@David_Mort
David Mort
2 years
US VC investment in Q3 2022 totaled $44B, down 48% YoY. However, Q3 2022 would have been the highest of any quarter prior to Q1 2021. The funding levels of Q3 2022 are approximately 2x 2019 levels. We can't use 2021 as a baseline for "normal" -> still elevated.
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@David_Mort
David Mort
2 years
Looking forward to seeing many friendly faces and some new in Miami today. But first, a 🍵 latte in this hidden gem (Salon du Café).
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@David_Mort
David Mort
1 year
Casually chatting with the guy next to me at Enriqueta's Sandwich Shop in Miami during the pandemic. With a mask, no one else recognized him - he said it’s easier to go out. Would you have recognized the neck tattoo?
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@gothamhiphop
Joey
1 year
What’s your favorite interaction you’ve had with a celebrity?
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@David_Mort
David Mort
1 year
Meanwhile, the housing market 10 miles north of SF is HOT🔥🤯 🌁
@rolandlisf
Roland Li
1 year
Exclusive: Westfield stopped paying its $558 million mortgage and is surrendering its namesake SF mall, the biggest in the city, to lenders in the wake of Nordstrom's planned closure and plunging foot traffic (down ~42% from 2019) and sales (down ~1/3)
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@David_Mort
David Mort
2 years
@JonErlichman So many good ones - David Duffield started Peoplesoft and Workday after the age of 40.
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@David_Mort
David Mort
1 year
Let's get the Bay Area to step it up in Biotech and Med Devices; otherwise, it looks good
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@David_Mort
David Mort
2 years
Lets take a look at early stage (Seed + Series A rounds <$25M, US HQ'd) FinTech investment activity. Despite the decline, the FinTech ecosystem remains well-capitalized. Q3 investment fell to $0.9B, down 44% from the ATH in Q4 21. However, funding is 2x 2019 and early 2020 levels
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@David_Mort
David Mort
2 years
This balloon over the US... is like TikTok, grabbing all of our attention, keeping us all "busy", dumbing down the dialogue
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@David_Mort
David Mort
2 years
Here for Miami Tech Week ☀️👨🏻‍💻 🤝
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@David_Mort
David Mort
2 years
Finally, lets talk about early stage (Seed + Series A rounds <$25M, US HQ'd) Web3 investment activity. Q3 funding levels fell 13% from the ATH in Q2 2022, however, this level is 7x over 2019 and 2020 levels.
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@David_Mort
David Mort
1 year
@ericwhiteback I wouldn't change it
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@David_Mort
David Mort
2 years
@Bfaviero I’ve been wearing these the past month
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@David_Mort
David Mort
2 years
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@David_Mort
David Mort
2 years
@VivekKri @jbahrdestefano These takeouts are all pretty straightforward mature businesses, whereas I don't think incumbents want to get into regulatory uncertainty or past indiscretions, even at depressed prices
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@David_Mort
David Mort
2 years
@Jason @CollinCaram This is the worst part of the home buying process. Objective, data driven agents are unicorns.
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@David_Mort
David Mort
9 months
@semil It's time to come back. Things change, but never as much as we expect.
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@David_Mort
David Mort
2 years
@jmj
Jeff Morris Jr.
2 years
The toughest conversations right now are with founders who you'd actually love to work with - but raised their seed round at $50m+ valuations last year. Bull market valuations make future rounds incredibly hard for both founders & investors when the market changes.
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@David_Mort
David Mort
2 years
@jasonlk Exactly. Normal depends on what your baseline is, and it shouldn’t be 2021. Still a ton of capital out there even if velocity is down.
@David_Mort
David Mort
2 years
What happened to VC funding in Q3 2022? TLDR: Funding levels remain elevated despite the narrative that VCs are sitting on their hands. VC $ peaked in Q4 2021, and there's enough excess to keep putting up lofty funding levels. Let's take a look (source: Pitchbook data, @PropelVC )
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@David_Mort
David Mort
1 year
This talent pipeline is ridiculous. Nice work @brian_armstrong and @coinbase team!
@brian_armstrong
Brian Armstrong
1 year
Applicants so far: - Led a Crypto forward project: 65 - Founded and Sold Companies: 56 - Developed a large social media audience: 43 - Won chess tournaments, coding or video game competitions: 37 - Researched and Discovered Breakthroughs: 24 - Elite Armed Forces Experience: 22 -
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@David_Mort
David Mort
2 years
@katekiewel also happy to learn about some cool b2b fintech companies in LatAm :) Founders reach out to @claremckee123 at @PropelVC
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@David_Mort
David Mort
3 years
@rexsalisbury and brokerages! It's wild that Schwab can't do recurring buys in 2022. The last customer agent I spoke with tried to tell me I wouldn't be happy with the execution price so shouldn't use those features at fintechs 😏
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@David_Mort
David Mort
2 years
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@David_Mort
David Mort
2 years
Remember 2021? That was a trip 🫧💲🫧💰🫧
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@David_Mort
David Mort
2 years
Any other distributed teams trying out the virtual office on @gather_town ? Thanks @johnfohr for the recommendation
@jac_wink
Jaclyn
2 years
The @PropelVC team is hanging out on @gather_town this week and tbh...the metaverse office is pretty fun ⚡️👩🏼‍💻
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@David_Mort
David Mort
3 years
Excited to show you the new @PropelVC brand :)
@brass_hands
Brass Hands
3 years
We're excited to share our rebrand and website design for @PropelVC ! See it live here #madeinwebflow
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@David_Mort
David Mort
1 year
@NikMilanovic 👋 in a few things I think you’d like. Happy to look at what you’re thinking about.
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@David_Mort
David Mort
2 years
🤡
@WatcherGuru
Watcher.Guru
2 years
JUST IN: Kevin O’Leary testifies at Senate hearing and says #Binance intentionally put FTX out of business.
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@David_Mort
David Mort
2 years
@zachcoelius The challenge is identifying companies that will A) never need to raise again or B) avoid future structure. How many of the 1,200 unicorns could you say this for - that's the insider knowledge... buying 70% off prior to a bunch of liquidation preferences coming in is 🤮
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@David_Mort
David Mort
2 years
@Trace_Cohen General Partners at VC firms
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