Alex Taussig @ataussig Twitter profile

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Alex Taussig

8 months

I had the privilege to speak with the CEO of @Vinted on @twentyminutevc today with @HarryStebbings . Proud to serve on the board on behalf of @lightspeedvp . How do you build a cross boarder consumer marketplace in Eurozone? Listen up for the 🔑. 👇👇

Thomas Plantenga & Alex Taussig: The Ultimate Guide to Scaling Marketplaces, How Founders & VCs...

The Twenty Minute VC (20VC): UNEDITED · Episode

open.spotify.com

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Last Seen Profiles

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Alex Taussig

@ataussig

6 years

Grad student: “So, what’s your thesis on?” Katie Bouman: “I am writing an algorithm that will construct the first ever image of the black hole at the center of our galaxy, directly confirming 100 years of physics theory.” Grad student: “Oh.” 🤯

MIT CSAIL

@MIT_CSAIL

6 years

3 years ago MIT grad student Katie Bouman led the creation of a new algorithm to produce the first-ever image of a black hole. Today, that image was released. More info: 2016 story: #EHTblackhole #EventHorizonTelescope

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Alex Taussig

@ataussig

5 years

One observation after reviewing 10,000+ pitch decks over 10+ years: If your numbers are awesome, you lead with them. Usually in the first 3 slides. 📈

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Alex Taussig

@ataussig

10 months

@omooretweets Ordered the plushie Duo for my kids, and the note says “Now I know where you live.”

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Alex Taussig

@ataussig

6 years

It’s 2019, and the tools to run your own personal p&l, balance sheet, and cash flow statement are still utter 💩. Who is solving this problem? Please don’t say Mint.

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Alex Taussig

@ataussig

6 years

I learned this trick at @McKinsey . You should be able to read just the titles and understand the whole story without even looking at the slides.

ɹǝʞɹɐd ʍǝɹpuɐ

@andrewparker

6 years

@harris @jmelaskyriazi My fav deck making cheat code is: "first draft is just the slide titles, nothing else. Don't proceed until that tells the story."

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Alex Taussig

@ataussig

7 months

@amytongwu Have they tried telling them it’s a 737max9?

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Alex Taussig

@ataussig

5 years

For those who think we'll have the virus under control in the near term, consider that those who have *much* more information at their fingertips are making moves like this.

Sarah Frier

@sarahfrier

5 years

Zuckerberg: "we're canceling any large physical events we had planned with 50 or more people through June 2021" 2021!

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Alex Taussig

@ataussig

6 years

At @lightspeedvp , we've been fortunate to partner with e-comm leaders like @Bonobos @DlyHarvest @Goop @Stitchfix @Zola . Getting financials right early on is tough. We want to help. So, we built a financial model to get your e-comm startup from 0 to 1. 📈

Introducing the Lightspeed standardized e-commerce model

Sharing our attempt at the simplest possible financial template for your e-commerce startup

medium.com

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Alex Taussig

@ataussig

5 years

Lisbon = 50% cost of living of SF, but same quality of life. 👏

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Alex Taussig

@ataussig

5 years

Buying a car is still the worst commerce experience of all time. 🤬

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Alex Taussig

@ataussig

7 years

~10 years ago, I cold called a GP at a top firm to get advice on breaking into VC. I ran into him this week for the 1st time in person & thanked him for taking time. He told me he did the same thing back in 1995! Amazing how Silicon Valley pays it forward across generations.

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Alex Taussig

@ataussig

5 years

TikTok is also rumored to have spent $1b in the US advertising on the other platforms, and its parent acquired Musically. So not all this growth is “organic” like the others.

Tanay Jaipuria

@tanayj

5 years

Wow (via )

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Alex Taussig

@ataussig

3 years

1/ Today @Faire_Wholesale is announcing a $260M Series F at a $7B valuation. The round is led by our friends at @sequoia with strong participation from us at @LightspeedVP , as well as @ForerunnerVC , @FoundersFund , @KhoslaVentures , @YCombinator , and more.

A Story of Independent Retail’s Resilience: Announcing Faire's Series F Round of $260M - Faire...

Announcing $260 million in Series F funding at a $7B valuation, led by Sequoia Capital.

news.faire.com

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Alex Taussig

@ataussig

6 years

Amazon/Whole Foods is coming after La Croix with private label sparkling water in a can. Prime members buy one get one free. Endcap at checkout. Valuable real estate in store!

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Alex Taussig

@ataussig

10 years

Your company is in "stealth mode" only if people would otherwise care to know what you're working on. Otherwise, you're in "obscurity mode."

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Alex Taussig

@ataussig

10 months

@omooretweets I'm not the only one.

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Alex Taussig

@ataussig

8 years

That time Bernie Sanders walked into Sightglass. Not the beginning of a joke. Bet he goes with the pour over.

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Alex Taussig

@ataussig

4 years

TLDR: The enemy of my enemy is my friend. $AMZN

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@2PMinc

4 years

News: @Walmart partners with @Shopify to expand its third-party marketplace.

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Alex Taussig

@ataussig

2 years

OpenAI, Rippling, Andruil, and a few other companies I’ve seen recently are putting the whole “lean startup” concept out to pasture.

immad

@immad

2 years

It took 4.5 years and ~$1bn raised for OpenAI to launch GPT-3, which was their first PMF product. That breaks every “rule” in the startup world, around mvp and being capital light pre-pmf. Goes to show you that you have to define your own rules to get outsized success.

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Alex Taussig

@ataussig

6 years

With pen and paper, ~100 years ago Einstein wrote the equations of general relativity that predicted the existence of black holes. How outlandish must they have sounded then? Can you imagine the pressure he must have faced to throw the whole thing out on that basis?

Chris Hadfield

@Cmdr_Hadfield

6 years

Maelstrom at the gates of Hell. First-ever image of a black hole, wider than our whole solar system. Einstein, we rejoice in your brilliance.

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Alex Taussig

@ataussig

5 years

Due diligence tip: Create a slide that defines all the financial terms in your model and data room. You will avoid a *lot* of confusion across multiple investors during the process if you can point them to something written down that explains all your bespoke terminology.

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Alex Taussig

@ataussig

3 years

If you could buy and HODL only one stock for the next 10 years, what would it be? 📈 cc @packyM @TurnerNovak @Post_Market

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Alex Taussig

@ataussig

5 years

Two predictions based on @billieeilish ’s meteoric rise: 1.) Authenticity is becoming cooler than swagger. 2.) Homeschooling is going to get way more popular.

Billie Eilish on working with Hans Zimmer on Bond theme song and her...

Eilish said she and her brother, Finneas O'Connell, have wanted to work on a Bond theme “for years.” “It feels like I'm in the dream and I'm going to wake up...

www.youtube.com

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Alex Taussig

@ataussig

4 years

Back in 2018, @lightspeedvp published a simple e-commerce model. We're delighted that so many find it useful. We've even seen it in some of your data rooms! 😉 This week, we updated the post with a new, cleaner version submitted by @reichardn . Enjoy! 🙏

Introducing the Lightspeed standardized e-commerce model

Sharing our attempt at the simplest possible financial template for your e-commerce startup

medium.com

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Alex Taussig

@ataussig

6 years

I am delighted to announce @Lightspeedvp 's lead investment in @Faire_wholesale , which raised $100M in the last quarter to build the leading platform connecting the best brands to independent retailers. Congrats to @MaxRhodesOK & team! Read this for more:

Small is the next big thing in retail.

Announcing Lightspeed’s investment in Faire, a wholesale marketplace connecting the world’s best consumer brands with independent…

medium.com

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Alex Taussig

@ataussig

6 years

I was asked for my favorite books on history of retail/e-commerce. A few came to mind: 1. Shoe Dog, Phil Knight 2. The Everything Store, Brad Stone 3. Alibaba, Duncan Clark 4. Delivering Happiness, Tony Hsieh Any others? cc @kirstenagreen @jeremysliew @rabois @Alfred_Lin

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Alex Taussig

@ataussig

5 years

🤯

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Alex Taussig

@ataussig

4 years

Today @faire_wholesale announced a $170M round led by @sequoia , with strong support from us at @lightspeedvp . During a challenging year, the resilience of Faire's customers has been inspiring. Now Faire has even more resources to support them.

The resilience of Faire

The leading online wholesale marketplace raises $170M to help local retailers thrive during uncertain times.

medium.com

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Alex Taussig

@ataussig

5 years

My monthly reminder to direct your aggression at $FB instead to $EFX, which *actually* sells your data for profit, does zilch to protect it, and then charges you money for the "privilege" of freezing your account. The. Worst. 🤬

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Alex Taussig

@ataussig

6 years

😯😯😯 Fascinating look behind the curtain at Mark Zuckerberg’s strategic mind. He is thinking 10 years ahead of most tech leaders and is willing to put billions behind that vision. Lots of great nuggets here. 👇👇👇

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Alex Taussig

@ataussig

5 years

I’ll take the other side of this bet. 😜

TechCrunch

@TechCrunch

5 years

We won’t be listening to music in a decade according to Vinod Khosla by @etherington

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Alex Taussig

@ataussig

3 years

I rarely do this — what are your favorite books that opened your mind to a new way of thinking in the last decade? Fiction or non. Looking to stay away from typical tech cult following books. Suggestions?

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Alex Taussig

@ataussig

4 years

@packyM Crappily designed slides with incredible numbers = ultimate flex. 💪

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Alex Taussig

@ataussig

4 years

1./ Today @Outschool announced a $45M Series B investment from @LightspeedVP , and I am joining the board. @mercebent and I wrote about the investment here, and told some stories about teachers who made a difference in our lives.

Every kid deserves a great teacher.

Announcing Lightspeed’s Series B investment in Outschool — the leading marketplace of live, online classes for K-12 students.

medium.com

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Alex Taussig

@ataussig

3 years

1/ Today @Faire_Wholesale announced its $400M Series G at a $12.4B valuation, co-led by Durable, D1, and Dragoneer. @LightspeedVP is proud to invest again for the 6th (!) time since our original 2018 investment. A little 🧵 below on this milestone:

Wholesale Marketplace Faire Raises $400 Million

Faire’s latest funding round values the company at $12.4 billion and allows it to expand hiring, including in its finance function.

www.wsj.com

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Alex Taussig

@ataussig

3 years

Deep thought: One reason capital has avoided the SMB sector historically is that it's incredibly hard to research due to fragmentation and informality. As more tech co's penetrate the SMB market, I'm excited to see their customer data. It will reveal huge market opportunities.

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Alex Taussig

@ataussig

4 years

What are your favorite books on the practice of investing? 📈 Bonus points for good storytelling. 🙌

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Alex Taussig

@ataussig

4 years

I just realized that the “6 ft apart” signs around SF have a critical design flaw. If the diagonal is 6 ft, then isn’t the side 6/sqrt(2) ft? How did I not see this before?! 😝🤓

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Alex Taussig

@ataussig

3 years

1/ Big news! 😲 @LightspeedVP is hiring an investor for our early stage consumer team. Come work w/ @Nik_Quinn @mercebent @jeremysliew & me to partner w/ the next $AFRM, @Calm , @BookCameo , @EpicGames , @Faire_Wholesale , $HNST, @Outschool , or $SNAP. 📈

Our next great hire

— By Nicole Quinn & Alex Taussig

medium.com

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Alex Taussig

@ataussig

5 years

Q: why so few scaled marketplace businesses, compared to other categories like ecomm, SaaS, etc? A: complexity! So hard to tune economics of growth flywheel, customer acqusiton, incentives, margin — across multiple geos & platform participants — without burning all your cash. 🔥

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Alex Taussig

@ataussig

8 years

I just published “Let’s put this myth about MBAs to bed.”

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Alex Taussig

@ataussig

4 years

1/ Today @Outschool is announcing a $75M Series C round, co-led by Tiger and Coatue. 📈 @LightspeedVP increased our investment in this round and is excited to continue to support the company since leading its Series B in 2020.

Outschool is the newest edtech unicorn | TechCrunch

Outschool, a marketplace providing small-group, virtual after-school activities for children, has raised a $75 million Series C led by Coatue and Tiger

techcrunch.com

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Alex Taussig

@ataussig

4 years

It should be illegal for a theme park to open in a pandemic hotspot. How are Bob Iger and the $DIS board sleeping at night? When those travelers return home, it’s going to light up every state in the nation. So irresponsible. 🤬

NBC News

@NBCNews

4 years

Disney World parks in Florida reopened Saturday nearly 4 months after they shutdown due to the pandemic. Florida reported 11,433 new COVID-19 cases on Friday, and 435 more hospitalizations — the state's largest single-day increase in hospitalizations.

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Alex Taussig

@ataussig

5 years

Pre-panel conference calls are a waste of time. Better alternative? Share the agenda in a Google Doc and have the panelists annotate/comment on the questions until the agenda is fully fleshed out. Much more effective!

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Alex Taussig

@ataussig

3 years

1/ I am excited to announce @LightspeedVP is leading the $65M Series C of @AllDayKitchens , & I am joining the board. Delivery will be 25% of restaurant sales by 2025, but the back-end is broken. ADK has built the most scalable solution for kitchen infra.

The kitchen is now open.

Announcing Lightspeed’s Series C investment in All Day Kitchens — the leading distributed platform for restaurant infrastructure.

medium.com

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Alex Taussig

@ataussig

4 years

E-comm is condensing years of progress into months. 🤯

Pueo Keffer

@pueokeffer

4 years

Offline to online shift is really incredible. Recent spend data implies Ecom has risen from 15% to close to 30% of spend. That is 15 points in a $6T category 🧐🤯

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Alex Taussig

@ataussig

3 years

I know $EBAY intended for this slide to show its scale vs. competitors, but my read is that their competitors are very effectively chipping away at a horizontal platform by optimizing for the vertical, with fashion as a core use case: $ZAL.DE, $ETSY, $TDUP, StockX/GOAT, etc.

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Alex Taussig

@ataussig

2 years

@zebulgar You know my metallurgy class at MIT went into this conspiracy theory. We did the calc. It turns out you don't need to melt steel to lower its Youngs Modulus (aka Strength) enough that it buckles under the weight of a bunch of cement floors. Solid, but hot steel is plenty weak.

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Alex Taussig

@ataussig

3 years

Today @lightspeedvp announces our 2nd LATAM investment -- Frubana! 🥑🍉🥭🍌 We're proud partner w/ founder Fabián Gómez, as well as @Hanstung at @GGVCapital , @Carlodapuzzo at Monashees, & more to build the "everything store" for restaurants in LATAM. 👩‍🍳

Frubana — the “everything store” for LATAM’s restaurant industry.

Announcing Lightspeed’s participation in Frubana’s $65M Series B financing, alongside GGV, Tiger, Softbank, and Monashees.

medium.com

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Alex Taussig

@ataussig

5 years

Bullish on podcast ads (from Liontree): "Podcast ads have 90% completion rates and listeners are more receptive especially when ads are read by the host, integrated into the content, and the ad load is light; Podcast CPMs this year are ~$25."

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Alex Taussig

@ataussig

6 years

. @lightspeedvp is excited to add more fuel to the tank at @vectorspacesys . Congrats to @jamesncantrell and team on closing a $70M Series B. Next stop, space! 🚀🛰🤩

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Alex Taussig

@ataussig

2 years

The @LightspeedVP US consumer team in our courtyard in Menlo Park talking culture, decision making, & strategy. Lucky to work with amazing partners in SF, NY, LA, & ++! 🤩 @bsomaia @mignano @nicole__north @Shan0343 me @Nik_Quinn @mercebent @f_fatemi21 @Syd_Lykes (L to R)

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Alex Taussig

@ataussig

10 months

People who read a lot (say 1+ book a month): where do you find the time? How many hours per day do you spend reading? What habits have you built to support this activity?

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Alex Taussig

@ataussig

3 years

1/ I'm thrilled to announce our Series B investment in @BankonFound -- a modern financial platform for self-employed workers -- alongside @rabois @foundersfund & @Alfred_Lin @sequoia , as well as some amazing angels from fintech/marketplace ecosystem.

Found — serving financial superpowers to the self-employed.

Announcing Lightspeed’s Series B investment in Found, a modern financial platform for self-employed workers.

medium.com

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Alex Taussig

@ataussig

5 years

Tl;dr: China is building a 79 runway, 1m sq ft airport outside Beijing for less than it costs to add a 3rd runway to Heathrow. 🤯 Building China’s $12BN Mega Airport | The B1M via @YouTube

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Alex Taussig

@ataussig

4 years

1/ Today @thredUP celebrates a milestone over a decade in the making -- its IPO as $TDUP. 🙌 To mark the occasion, I want to share my recollections of the company’s early days from my time at @HighlandCapital , as well as some highlights from its S-1.

ThredUp’s Stock Jumps 30% in Market Debut

Shares of ThredUp opened 30% above the listing price in their market debut, the latest e-commerce company to go public this year following Poshmark and Mytheresa.

www.wsj.com

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Alex Taussig

@ataussig

7 years

My first App Store was on a TI-83 Plus. No internet. Needed to download apps P2P over the wire. This stuff was cutting edge! 🤓

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Alex Taussig

@ataussig

7 years

I like the part where the BTC price goes backwards in time.

Carl Quintanilla

@carlquintanilla

7 years

Now THIS is a crazy rally. #bitcoin (via @KoosJansen @jessefelder )

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Alex Taussig

@ataussig

6 years

Once in a blue moon, an iconic character comes along and becomes part of popular culture. At @LightspeedVP , we are delighted to back @AWA_Studios , which is building the next great character universe from scratch, by partnering with world class creators.

How to build a character universe

Announcing Lightspeed’s investment in AWA, a modern character-driven entertainment studio built for and by creators.

medium.com

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Alex Taussig

@ataussig

4 years

I’m sorry, but who is this for? 🤔

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Alex Taussig

@ataussig

3 years

This week in @firehosevc I wrote about the concept of operating leverage and how it functions in different type of marketplaces. ⚖️ 👗 Product-oriented, e.g. $TDUP 🙋 Service-oriented, e.g. $FVRR Thanks to @lennysan for the proof-read. Enjoy below! 👇👇

Firehose #194: ⚖️ Operating leverage. ⚖️

Why product and services marketplaces earn profits differently at scale.

www.firehose.vc

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Alex Taussig

@ataussig

5 years

Is there an app that tracks and triggers stocks on moving fundamentals relative to stock price, not just stock price itself? e.g. FCF yield, EV/FCF, etc.

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Alex Taussig

@ataussig

4 years

@lennysan Get Ship Done

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Alex Taussig

@ataussig

3 years

I had a fun convo w/ the owner of a small biz in Healdsburg today who puts 50%+ of her wholesale spend on @faire_wholesale . She now has a $75k credit limit with net 60 payment terms. Faire has completely changed the velocity of her business, which is up 40% over *2019* levels! 🙌

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Alex Taussig

@ataussig

5 years

Of @LinkedIn 's 50 hottest U.S. companies to work for in 2019, nearly 20% partner w/ @lightspeedvp ! 👍 Congrats @Affirm @aurora_inno , @BookCameo , @DlyHarvest , @faire_wholesale , @Ripple , @rubrikInc , @thoughtspot , & @TripActions ! 🙌 Oh, they're hiring! 😉

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Alex Taussig

@ataussig

4 years

Ok this made me LoL. 🤣

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Alex Taussig

@ataussig

7 years

At #UpfrontSummit , @softbank vision fund partners say one of their criteria is a business that can "absorb our capital." Turning the capital efficiency criterion that most VCs look for on its head.

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Alex Taussig

@ataussig

2 years

This slide shows the remarkable re-correlation of value to growth + profitability (aka "Rule of 40"), w/ R_sq = 0.52 More justification for startups to focus on profitable unit economics and rational headcount if they want to access capital markets in the next year.

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Alex Taussig

@ataussig

5 years

SaaS founder: "How many sales reps should I hire to hit my ARR targets?" 🤔 My partner @natluu : "I have a model for that." 🤩 Introducing the @LightspeedVP SaaS operating model. Please share far and wide for the benefit of all! 💪

Natalie Luu

@natluu

5 years

Excited to share this with SaaS founders and operators. Introducing the @lightspeedvp SaaS operating model:

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Alex Taussig

@ataussig

3 years

“Next year, Faire plans to launch a credit card. Rhodes says he aspires to evolve the company into an “operating system” for wholesale, with tools like a CRM for brands, and inventory management for retailers.” Go @faire_wholesale ! 🙌

Anu Hariharan

@anuhariharan

3 years

“When push comes to shove, Amazon picks the consumer, and that puts them in kind of an adversarial relationship with their suppliers”

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Alex Taussig

@ataussig

5 years

Great piece on @MaxRhodesOK and @faire_wholesale in @Forbes today. The article notes that 100% of its engineers are based in Waterloo. No doubt we will see more dual, or maybe even triple, HQ'd companies in the coming years across all sectors of tech.

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Alex Taussig

@ataussig

6 years

In my second post on gaps in consumer markets, I delved into eSports. Altogether, it’s the second most watched US sport behind 🏈, but still monetizes less than 1/10th per fan compared to the NFL. Solving that conundrum will unlock a ton of value!

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Alex Taussig

@ataussig

5 years

Wow. Unintended consequence of crossing from b2b to b2c!

Chris Zeoli

@chriszeoli

5 years

Funny pick me up: All the K-12 students that now have online classes are giving Zoom 1-star reviews on the App Store Poor Zoom going to have WebEx level NPS after this is over Can only imagine Zoom’s customer support team reaching out to kids to resolve their issues 😂

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Alex Taussig

@ataussig

5 years

Bill’s first principles. 💸 #HBSreunion2019

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Alex Taussig

@ataussig

4 years

I wonder what the long term consequence of so many startups running week long fundraising processes will be 3-5 years out.

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Alex Taussig

@ataussig

5 years

Faire is now fully available in Canada! 🍁 Excited for our neighbors up north to get access to products from 7,000 of the world's best independent brands and makers. Great execution by the @faire_wholesale team! 🙌

Faire quietly rolls out service to Canadian retailers | BetaKit

Wholesale marketplace Faire recently announced that Canadian retailers can now discover and order from the thousands of curated makers available.

betakit.com

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Alex Taussig

@ataussig

5 years

Today @Faire_Wholesale is announcing its $150m Series D, led by our friends & co-investors at @FoundersFund . @LightspeedVP previously led Faire's Series B a year ago and significantly increased our investment in this round. 📈 Read more below! 🙌

Faire: the economic engine for a million local retailers.

Doubling down on Lightspeed’s investment in Faire, the leading wholesale marketplace for independent brands and retailers.

medium.com

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Alex Taussig

@ataussig

5 years

Fun to see @Nivo0o0 's meteoric rise with @ShrugCap . Incredible hustle getting recognized! 🙌

Big Stunts, Small Checks: Shrug Capital’s Unusual Rise

Niv Dror used to ride his motorcycle up and down Sand Hill Road to ogle the entrances to Sequoia Capital, Andreessen Horowitz and other iconic venture capital firms. Then working as an accountant...

www.theinformation.com

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Alex Taussig

@ataussig

4 years

Often true about the best companies.

adam ludwin

@adamludwin

4 years

Every Stripe round has seemed wildly expensive all the way back to their Series A. Every round has been incredibly cheap in retrospect!

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Alex Taussig

@ataussig

4 years

A 2 bd home cost $1,092 mail order through Sears in the early 1900's! That's about $55K today. USA has plenty of regions where land is affordable enough to make this a viable solution. Is there a startup working on mail order homes that are relatively easy to install?

Sheel Mohnot

@pitdesi

4 years

@ataussig @chrisfralic

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Alex Taussig

@ataussig

7 years

Wow! That’s brazen. Onavo is the VPN app Facebook purchased. Onavo (now FB Protect) tracks which apps are on your device and how they are performing. It’s one signal that informs which startups to buy, or which features to mimic. No way users are aware of this. 🤬

Lance McDonald

@manfightdragon

7 years

Facebook on iOS has a new link in the menu called “Protect”. Clicking it takes you to a page that installs absolute literal spyware on your iPhone.

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Alex Taussig

@ataussig

4 years

Anyone else on the edge of their seat, waiting for @TurnerNovak 's S-1 teardown TikTok to drop?

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Alex Taussig

@ataussig

6 years

@BloombergEric Problems with Mint: * 10 year old, clunky interface with stoggy workflow. * Categorization frequently fails, especially when strings change slightly. * Not “3 statement” * No auto budgeting/smart projections * Constantly hawking ad partner products

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Alex Taussig

@ataussig

5 years

Sales is the most accessible onramp into the tech industry. So @shaanh started @flockjayschool -- an online academy/community to train & support the next gen of sales leaders. 💪 @lightspeedvp is proud to lead your seed round! 🙌 Read more:

Come fly with me

Announcing Lightspeed’s investment in Flockjay, an online academy to train and support top sales teams.

medium.com

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Alex Taussig

@ataussig

2 years

1/ A few comments on @Lightspeedvp 's new $7B+ global fund family (our 14th), which we announced today.

Lightspeed

@lightspeedvp

2 years

1/3 Today, Lightspeed announced several new funds designed to support entrepreneurs, in any geography in the world, at any point in their journey.

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Alex Taussig

@ataussig

10 months

No brainer! I can’t think of a more compelling, single episode of non-animated TV in the last 5 years.

DiscussingFilm

@DiscussingFilm

10 months

Nick Offerman wins an Emmy for ‘THE LAST OF US’ for Best Guest Actor.

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Alex Taussig

@ataussig

5 years

It’s been a good year for my HBS ‘09 classmates: @Cloudflare (IPO filing), @RenttheRunway (big growth round), and now @thredup . Congrats to all! 📈

2PM

@2PMinc

5 years

News: @ThredUp raises $175 million.

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Alex Taussig

@ataussig

8 years

My partner @peterlsvp discussing the new @everstring product release, and it's X-man co-founder. Congrats!

EverString’s Vincent Yang

X-man at Work

medium.com

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Alex Taussig

@ataussig

6 years

The next generation of online marketplaces (e.g. @faire_wholesale ) will absorb and centralize risk on behalf of users, & get paid well to do so. I wrote about this trend & compared $ebay / $lyft to illustrate in the below post from @firehosevc . Enjoy!

Risky business.

With the “low hanging fruit” picked, online marketplaces must absorb and mitigate risk on behalf of customers.

link.medium.com

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Alex Taussig

@ataussig

4 years

1/ This week's @firehosevc dives into one of my favorite topics: cash flow. 💰 Nearly every successful digital commerce startup I’ve encountered has an interesting spin on the cash flow dynamics of its industry. 💪

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Alex Taussig

@ataussig

5 years

This has bothered me for years. That Starbucks gets way more throughput then it rightfully deserves. 😜

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Alex Taussig

@ataussig

6 years

4% of Levi's revs is DTC. That's a long hill to climb. To put in context, $NKE does 30% of sales in direct-to-consumer today on $38B in LTM revenues. Major priority for years.

2PM

@2PMinc

6 years

News: as it prepares for an IPO, @LeviStraussCo cites its $223 million in DTC revenue in 2018 (out of a total $5.6 billion in sales). They’ve signaled prioritizing a shift from wholesale to DTC distribution.

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Alex Taussig

@ataussig

4 years

@SuMastodon 🧐 Pretty much everyone I know in VC reads and cites @benthompson regularly. Many founders too.

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Alex Taussig

@ataussig

5 years

No question that both Instagram and YouTube go down as two of the best acquisitions of all time. However, I would be interested to know how much cash was invested in both *post* acquisition to get to those revenue numbers. Certainly more than $1B price tag.

Tanay Jaipuria

@tanayj

5 years

Instagram now accounts for a quarter of Facebook's revenues, bringing in ~$20B in revenue in 2019. That's more than YouTube which is at ~$18B ($15B in ads + $3B in subscriptions). Both would be worth over $100B each standalone and were purchased for $1B and $1.6B respectively.

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Alex Taussig

@ataussig

5 years

Folks will be pleasantly surprised at the size and number of consumer focused NYC outcomes in the next few years. #longny

Ellie Wheeler

@ellie

5 years

Great DTC and NYC exit 👏👏Shaving Start-Up Harry’s Will Be Sold to Owner of Schick for $1.37 Billion - The New York Times

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Alex Taussig

@ataussig

3 years

In the long-term, it pays to be an optimist! 📈

Packy McCormick

@packyM

3 years

It feels crazy out there. Punks, Tiger, Time Crystals, Space Billionaires, Mirror Image DNA Polymerase, Record VC Funding. But craziness compounds. What if this is just the beginning? Let's borrow some ideas from @waitbutwhy to find out.

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Alex Taussig

@ataussig

4 years

After a month-long hiatus, @firehosevc returns triumphantly tomorrow morning. 🥳 🛍️ $SHOP releases a consumer app 🍫 Mixed bag for CPGs. 🎮 Best/worst of times for eSports 🚶‍♀️ Ending shelter-in-place 😷 Modeling an epidemic ...and more. 👏 Sign up here:

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Alex Taussig

@ataussig

4 years

cc @hunterwalk it’s true

Mike Rundle

@flyosity

4 years

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Alex Taussig

@ataussig

2 months

I finally took a @Waymo today, thanks to @f_fatemi21 ’s urging, and we didn’t die or get carsick. Amazing how quickly it felt normal, and we forgot there was no driver. Said “thank you” instinctively on the way out.

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Alex Taussig

@ataussig

6 years

Important subtext: digitally native brands and retailers bring sophisticated approaches to measuring unit economics into offline channels. Huge competitive advantage over incumbents. Do you think Brooks Brothers understands its CAC or LTV deeply? Probably not.

modest proposal

@modestproposal1

6 years

CEO of custom suit maker Indochino gives an interview to TheInformation on why he's opening up stores. Lower CAC / higher AOVs / higher customer LTVs. Seems like a trend.

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