Jason Shuman @JasonrShuman Twitter profile

Last Seen Profiles

@bokeplokalmalam

@cmhiguera5

@Ma_son131123

@RYO111111140035

@SwimBeckRun

@Cru_Baseball

@Berky305

@Ordinal_Rabbits

@soventure

@miyazakigyu_jp

@yeeitsanthonyy

@TronsRock_GG

@bryattasesa

@llllyb_lly

@fantasi_emak

@EngrhasaAli

@bokeplokalmalam

@XsLeEpY281X

@sonamohapatra

@nf_quise

@kariyun_

@aazsxx2

@khalaf_k5

@stw_pdg

@psicologia_uv

@Kk2000168

@osushivip

@XYZ_Sayuri

@osushivip

@kilpsibott

@Fernand17594195

@haqf517

@ryuji_fujimura

@mark21425304

@smol_bananya

Jason Shuman

@JasonrShuman

3 months

Damn. Gen Z getting good at these subject lines.

125

995

21K

Jason Shuman

@JasonrShuman

5 years

Founder friend just told me that SF deck designers have quoted him between $20K to $40K + the right to invest up to $250K...my mind is officially blown

291

214

2K

Jason Shuman

@JasonrShuman

3 years

Hot girl summer 🔥

99

75

2K

Jason Shuman

@JasonrShuman

1 year

Venture Capital is F*cking hard. With the risk free rate climbing and competition increasing it won't get any easier and a wash out is coming. Here's some of the real math required to generate industry leading returns in this highly illiquid asset class.

66

166

1K

Jason Shuman

@JasonrShuman

1 year

The hardest part of doing a cold plunge is not telling anyone about it

30

89

1K

Jason Shuman

@JasonrShuman

3 years

Mexico City is more of a vibe than Miami.

61

56

1K

Jason Shuman

@JasonrShuman

3 years

A year before PayPal’s IPO in 2002 the company didn’t have a CFO. In September of 2001 Peter Thiel named 27 year old, former MBA intern, Roelof Botha as the CFO to help bring the company public. Why? Because Roelof raised his hand. Don’t be afraid to ask for what you want.

8

110

856

Jason Shuman

@JasonrShuman

2 years

Shout out to the Founder that sent me .02 on paypal with the note "Hey Jason, My 2 cents on why you should invest in my company," Love the hustle this week folks.

37

44

719

Jason Shuman

@JasonrShuman

5 years

My Father sent me a picture of a Wolfpack this morning with the following description. The first 3 are the old & sick, they walk in front to set the pace of the entire pack. The next 5 are the strongest & best, they are tasked to protect the front side if there is an attack.

24

199

679

Jason Shuman

@JasonrShuman

1 year

A FLOOD of startups are raising before the end of the year. The top 10% will get it done fast, but HOW you run a process is key for the rest. Every Primary portco creates an FAQ doc and they share it after the first meeting Here's why + an outline that helped 1 co raise >$400M

31

54

593

Jason Shuman

@JasonrShuman

5 years

Met a fellow VC this week who told me we met 7 years ago...when I drove him in an Uber

10

26

587

Jason Shuman

@JasonrShuman

3 years

Amazing how many successful people operate from a place of anxiety

13

35

519

Jason Shuman

@JasonrShuman

3 years

Man is not worried by real problems so much as by his imagined anxieties about real problems. — Epictetus

11

72

489

Jason Shuman

@JasonrShuman

5 months

The New Power Law: An Exclusive Breakdown of Top VC Firm Returns Following a viral tweet last year, we got our hands on an anonymized dataset from the SPI team over at Stepstone breaking down the portfolio returns and concentrations strategies of more than 150 top VC funds

30

64

473

Jason Shuman

@JasonrShuman

3 months

Thank you to the 171 other people who have since sent me variations of this subject line today

1

398

Jason Shuman

@JasonrShuman

5 years

Just in case anyone wanted to know what it really means to be a leader. It is not about being out front. It means taking care of the team. #Leadership

9

51

361

Jason Shuman

@JasonrShuman

4 years

1/ The customer bank. How did Starbucks get a $1.269B loan at a negative 10% interest rate from its customers? Here's how: 👇👇👇

5

58

366

Jason Shuman

@JasonrShuman

4 years

Yes, it’s true. You do get promoted to Partner at 6,000 followers.

23

10

319

Jason Shuman

@JasonrShuman

2 years

Surreal. A line outside of SVB in Wellesley, MA 🤦🏻‍♂️

18

34

319

Jason Shuman

@JasonrShuman

3 years

Who are the best young hustlers in NYC venture and tech?

127

11

314

Jason Shuman

@JasonrShuman

4 months

Anyone else that crazy friend who replies to texts between 6:30-7:30AM?

97

3

305

Jason Shuman

@JasonrShuman

2 years

Shout out to the founder who left 2 voicemails on my Moms home phone for me. Haven’t decided yet if I’m mad or just impressed.

52

12

302

Jason Shuman

@JasonrShuman

3 years

The most successful people I know keep a running list of people they want to invest in or work with one day

12

21

270

Jason Shuman

@JasonrShuman

3 months

@bmgentile Pulls on the heart strings

0

267

Jason Shuman

@JasonrShuman

5 years

I’ve found in my 20s that my friends who are most successful: 1. Identify and double down on something they find easy, which others find difficult 2. Can zoom out, read the full picture of their company + its people in a strategic way and be comfortable voicing their opinion

2

21

255

Jason Shuman

@JasonrShuman

4 years

📈Series A Post Money Valuation Mean Last 10 Years 🚀 2020 - $80.65 2019 - $43.93 2018 - $42.83 2017 - $35.85 2016 - $29.15 2015 - $27.72 2014 - $23.93 2013 - $20.64 2012 - $19.88 2011 - $17.41 2010 - $15.85 (they call this seed investing now)

21

24

252

Jason Shuman

@JasonrShuman

3 years

Signing a 2 year lease in NY in April 2021 might’ve been the most well timed deal of my career

17

0

244

Jason Shuman

@JasonrShuman

3 years

Scaffolding. The official umbrella of New York City.

4

6

232

Jason Shuman

@JasonrShuman

5 years

Last night my grandmother passed away after having Alzheimer’s for 23 yrs. The stress the disease puts on families both emotionally and financially is unlike any other. Something must be done to find a cure, improve our healthcare system and support caregivers. Fuck Alzheimers

16

5

200

Jason Shuman

@JasonrShuman

4 years

1/ Want to nerd out on some data? Earnest Research came out with some awesome data on holiday performance across retailers. Let's dive in and see what we find. 👇👇👇

9

32

200

Jason Shuman

@JasonrShuman

3 months

@daleyervin @rubenharris This was my email to you 9 years ago

0

1

196

Jason Shuman

@JasonrShuman

5 years

In July 2007 Benchmark led One Medical’s $3.5M Series B with a $6.89M valuation...

7

8

182

Jason Shuman

@JasonrShuman

4 years

Name a job where you fake it till you make it more than early-stage venture capital

27

6

178

Jason Shuman

@JasonrShuman

2 years

If I'm interviewing you prepare to discuss your childhood more than your investment thesis

33

10

175

Jason Shuman

@JasonrShuman

2 years

Do airlines really think we believe they’ve had more than usual call volume for the last 15 years?

7

11

163

Jason Shuman

@JasonrShuman

4 years

“People are frugal in guarding their personal property; but as soon as it comes to squandering time they are most wasteful of the one thing in which it is right to be stingy.” – Seneca

3

35

156

Jason Shuman

@JasonrShuman

3 years

Worried about operating experience? 3G once named a 30 year old PE exec CFO at Burger King...then promoted him to CEO at 32

6

160

Jason Shuman

@JasonrShuman

3 months

@fathuert We grew up with pop up ads

1

2

159

Jason Shuman

@JasonrShuman

5 years

This does include “narrative design”

10

2

155

Jason Shuman

@JasonrShuman

5 months

I was once an associate. I took a first meeting. We invested. The company went public. The founder helped me get my job at @PrimaryVC . End of tweet.

5

2

151

Jason Shuman

@JasonrShuman

2 years

The majority of Founders raising pre-seed rounds between $10-15M thinking they are avoiding dilution are going to raise near flat seed rounds

18

14

146

Jason Shuman

@JasonrShuman

3 months

Private equity is about to have another golden era The Democratization of information led led to a compression in returns -investment ideas became known -information on potential targets was 10X easier to come by, -increased competition driven by more supply of capital seeking

6

7

143

Jason Shuman

@JasonrShuman

3 years

A lot of VCs like to cook because it’s the only thing that doesn’t take us 10 years to figure out if we’re any good at it

7

5

137

Jason Shuman

@JasonrShuman

11 months

🇮🇱

6

2

132

Jason Shuman

@JasonrShuman

1 year

A couple of weeks ago @coatuemgmt brought together an exclusive group of Founders and Investors for their East meets West conference. Their keynote presentation outlined their View on the State of the Markets Here are some of the key slides & takeaways for Founders & Investors:

3

20

125

Jason Shuman

@JasonrShuman

11 months

So many people have reached out asking me how I’m feeling with everything going on. The answer is….I’m sad

1

15

128

Jason Shuman

@JasonrShuman

4 years

It has taken more than a decade to get to the quality of Founders we have in NYC right now. Things aren't slowing down. They're just starting.

8

4

121

Jason Shuman

@JasonrShuman

7 months

VCs bragging about how many deals they saw is always funny to me. The reality is that the signal to noise ratio in this business is outrageous. Just because someone looked at 5,000 deals in a year means nothing.

27

8

123

Jason Shuman

@JasonrShuman

3 years

8 out of the top 10 investors on the Midas list have operated. 6 have started companies.

7

9

121

Jason Shuman

@JasonrShuman

4 years

Two things learned during my 5 days of social distancing alone 1. Loneliness sucks 2. Even though I thought I loved pesto enough to eat it every day, I really can’t

9

1

118

Jason Shuman

@JasonrShuman

3 years

Alfred Lin passed on the seed of DoorDash after meeting the company at YC. It was at a networking dinner months later where he experienced Tony Xu’s operational prowess as he broke down the complexities and tactics of not only DoorDash, but the restaurant they were at.

5

117

Jason Shuman

@JasonrShuman

5 years

Celebrated one year at @PrimaryVC yesterday. Not writing a blog post, but enjoy learning something new and working with this great team + portfolio of companies every day

8

0

119

Jason Shuman

@JasonrShuman

3 years

This Lyft vs. Uber thing is wild

19

5

111

Jason Shuman

@JasonrShuman

4 years

Checked into an @Airbnb for two months. Wifi is 1.63 mbps so I can’t work here. Washer dryer, a shower, a doorknob and one AC unit broken. Haven’t heard back from @AirbnbHelp in over a day and a half...might have to rethink my housing strategy for the next 6 months

16

1

105

Jason Shuman

@JasonrShuman

21 days

Turns out making a joke to your friends fiancé about her engagement ring being lab grown is not the move

11

1

109

Jason Shuman

@JasonrShuman

8 months

Some VCs block trolls. Others appreciate a hilarious joke…

13

0

105

Jason Shuman

@JasonrShuman

3 years

Someone asked me what advice I would give my 20 year old self I’d tell him to invest all of his bar mitzvah money into bitcoin instead of his startup

6

3

98

Jason Shuman

@JasonrShuman

3 years

How is it 2021 and you can still walk into a doctors office that you’ve seen for 7 years and are asked to fill in a paper form like they don’t even know you?

13

5

92

Jason Shuman

@JasonrShuman

2 years

When I was looking for a job in VC I used to hang out around MIT and HBS to source deals that I could send to VCs in NY so I could show value before getting offered a job. No such thing as too much hustle when you're trying to crack into the industry.

10

2

95

Jason Shuman

@JasonrShuman

2 months

I wanted to get in touch with former CEO of a $50B company, but he didn't have a Linkedin. The instagram DM slide worked. We have a call next week. A great reminder. Nos are free.

1

4

96

Jason Shuman

@JasonrShuman

2 years

The most common personal financial planning mistake VCs see founders make is not creating a trust to put some shares into early on.

32

8

89

Jason Shuman

@JasonrShuman

3 years

In January 2003, after the PayPal IPO, Botha joined Sequoia. His role? Associate. So many learnings from his path.

4

5

87

Jason Shuman

@JasonrShuman

9 months

Can’t stand when investors with big social presences virtue signal and try calling out other VCs when in reality the stories we hear about them are brutal and not aligned with their publicly stated mission at all (e.g. bullying and suing founders)

9

2

85

Jason Shuman

@JasonrShuman

5 months

GPs who were once Associates Jesse Beyroutey @iaventures @sarahtavel @benchmark Harley, Jason, Vinny and Dan @leftlanecap @nbt Footwork @RexhiDollaku @Base10Partners @jasonblackxyz @RRE @tomloverro @IVP

16

2

86

Jason Shuman

@JasonrShuman

1 year

So much advice out there about how to get a job in VC. The best way hands down to get a job at an early stage fund is to make yourself invaluable before you get the job. Here’s how:

7

4

85

Jason Shuman

@JasonrShuman

1 year

According to 30+ years of data from Horsley Bridge, a respected LP/investor across a ton of venture funds, you need: More than 10% of your investments to be >10X returns to generate over a 3X fund AND Almost 20% of your investments to be >10X to generate >5X

2

7

85

Jason Shuman

@JasonrShuman

4 years

1/ In 2013 people started to receive links over email to "find time" in someone's calendar vs. scheduling over email. Calendly, the startup behind the links, raised $350 million at a $3 billion valuation led by OpenView a 2 weeks ago... After only raising $550K! How?

3

8

84

Jason Shuman

@JasonrShuman

5 years

Last is alone, the alpha. The LEADER. He controls everything from the rear, ensures that no one is left behind. He is always ready to run in any direction to protect, and serves as the 'bodyguard' to the entire group.

1

10

82

Jason Shuman

@JasonrShuman

3 years

Name one young hustler that you think is worth giving a shot to…no experience required

59

3

82

Jason Shuman

@JasonrShuman

2 years

We’re staying in business

8

6

82

Jason Shuman

@JasonrShuman

1 year

According to AngelList data, a venture-backed seed-stage startup has an estimated 1 in 40 shot—or 2.5% chance—of becoming a unicorn today. That data is from 2021, so let's assume the real number is half of that - 1.25%

6

7

82

Jason Shuman

@JasonrShuman

3 years

BNPL for X has made its way to bottle service…

14

3

79

Jason Shuman

@JasonrShuman

2 years

For those who missed it. @bgurley on the @TimFerrissShow giving NY investors some credit for the financial sophistication that will likely serve them well in this market 😮‍💨

3

8

79

Jason Shuman

@JasonrShuman

3 years

The penthouse at 432 Park Avenue hit the market for $169,000,000 in July. The first two potential buyers that walked in the door found the listing on tiktok. The momentum is real.

6

5

79

Jason Shuman

@JasonrShuman

6 years

About 80% of our MBA Associate applicants mentioned having a thesis around elder care, childcare and fertility. Think these markets are hot yet?

15

4

78

Jason Shuman

@JasonrShuman

3 years

3 years at @PrimaryVC …whoa

6

1

78

Jason Shuman

@JasonrShuman

3 years

Damn. NYC entrepreneurs with scaling experience are coming up with some really strong ideas these days. This is what a startup ecosystem entering the next phase of its life looks like.

4

2

76

Jason Shuman

@JasonrShuman

4 years

Who is back in NYC?

25

0

76

Jason Shuman

@JasonrShuman

2 years

Multi-stage funds doing seeds are essentially buying options. Do founders really want to be an option?

7

5

78

Jason Shuman

@JasonrShuman

1 year

As @bgurley says “Venture capital is not even a home run business. It’s a grand slam business." In order to return >5X your winners need to be massive - 65X+ returns AND just to be a 3X+ type fund (the real min threshold LPs want to see) you'll need your winners to be 25X+

4

6

76

Jason Shuman

@JasonrShuman

3 years

Every Israeli Founder was in the 8200.

16

5

74

Jason Shuman

@JasonrShuman

1 year

Offered up 8AM slots every day for interviews to potential hires...0 people have signed up for one of those slots 😂

34

2

75

Jason Shuman

@JasonrShuman

6 months

American Capitalism has an addiction problem. It's getting out control and we're not talking about it enough. Here’s 5 addiction trends we need to do something about.

7

8

72

Jason Shuman

@JasonrShuman

2 years

@samuel_spitz $25-50M seed prices make such little sense it’s incredible

6

0

72

Jason Shuman

@JasonrShuman

3 years

Proud brother moment. 4 summers ago my brother was in a coma fighting for his life. This summer he closed the largest residential real estate sale in the history of Boston’s Seaport. Congrats, @JeffreyNShuman

3

1

71

Jason Shuman

@JasonrShuman

4 years

Know any MBAs looking for early-stage VC exposure? We're looking for a few for this fall. Suggestions welcome!

22

18

70

Jason Shuman

@JasonrShuman

1 year

We're hiring! Looking for a deeply analytical, hustler to work closely with me. Twitter, who do you recommend?

6

7

71

Jason Shuman

@JasonrShuman

2 years

Three former operators have joined us @PrimaryVC in the last month who have helped scale companies to well beyond $1B. Two on the investment team and one on the portfolio impact side. Dear NYC founders, we’re definitely open for business and bringing the 🔥!

3

4

71

Jason Shuman

@JasonrShuman

4 months

I believe two of the big winners over the next 10 yrs in the SMB category will be PE who are rolling up the businesses and GenAI SaaS that makes running them significantly more turnkey and/or profitable. Thanks for having me on @JayKapoorNYC . If you want spicy takes fast

6

3

71

Jason Shuman

@JasonrShuman

3 years

@schlaf Dude. Our meetings were on Tuesday...

4

0

68

Jason Shuman

@JasonrShuman

1 year

@bgurley This is why VCs should make sure they build high conviction in any investment they do. Even at seed! This is why they should make sure they lean in to help you find product-market-fit and scale your business!

2

68

Jason Shuman

@JasonrShuman

4 years

YoY spend growth by category.

9

12

68

Jason Shuman

@JasonrShuman

2 years

@NWischoff *Immediately shifts LatAm target allocation to 50% of the fund*

2

1

65

Jason Shuman

@JasonrShuman

3 months

If American VCs advise founders to avoid raising in the summer, I can only imagine what European VCs are saying

15

3

68

Jason Shuman

@JasonrShuman

3 years

3 new investment team hires: -Principal w/B2B focus -Principal w/Consumer focus -Associate w/Web 3 focus 3 new OIR hires for helping us launch NewCos: -Healthcare -Technical/Infrastructure -FinTech Come build the best seed firm in the world with us.

5

13

67

Jason Shuman

@JasonrShuman

3 years

New York.

0

1

67

Jason Shuman

@JasonrShuman

1 year

@bgurley And this is also why ownership matters. If you are spraying and praying, it is hard get a 20% hit rate Build more conviction, own more of the business and ride your winners.

4

0

66

Jason Shuman

@JasonrShuman

1 year

KazuNori is hands down the best solo meal place in New York

7

3

67

Jason Shuman

@JasonrShuman

2 months

@Alevy1511 Or Tighten (Ops)

2

0

66

Jason Shuman

@JasonrShuman

5 years

7+ yrs ago I emailed the Founder of ACK Surf about a partnership with my startup. 7+ yrs later I watched him help lead a B2B marketplace business to a Series B + marry his best friend Today I not only call him a friend, but also a co-worker. Welcome to @PrimaryVC @Samdtoole

2

1

65