@paulg
America: Let's bring the crass money, monopoly and arrogance.
China: Lets bring the cheap slave labour.
EU: Lets try to create moral laws to stop the 2 above.
Saw a bloke who’s trolley was full to the brim with hand sanitizers, baby wipes, etc
I called him a selfish ****, 😡 Told him he should be f*king ashamed of himself! 😡😡
He said: “that’s all good and well mate but I work here, can I carry on filling the shelves now?”
If I started something
That gave you salary and equity and freedom to play
Where you could start many businesses
You never had to worry about clients
You were surrounded by creative people
It made you 10x Better than you thought you could be
Would you be interested ?
To give founders some ideas of how few people get funded. A smallish VC ( £50 million in size ) just told me they look at 2000 decks per year and fund 6. Build a business that makes money as your chance of funding is almost none existent.
Be born wealthyish. Go to Stanford and do Computer Science. Goto work at FB/Google. Quit job. Create startup and raise millions. Sell company to FB/Google. Become VC. Invest in ex FB/Google founders who did Computer Science at Stanford.
I have created about £5 billion in sales online but I am not writing a fu**ing newsletter explaining how I did it...instread I will just post shit jokes as they are more fun
How to build a Unicorn? Target a market very small, own the space, be the best in the world, ask users who love you what they want, look at the data of where your users spend most of their time on your site, build that fast, cheap and badly, make better. Iterate. Repeat.
Life of a VC:
Read 50 decks pcm
Meet 20 founders pcm
Attend 5-10 board meetings ( many which they know little about )
Preparing or raising next fund
Get a decent salary
Wait 10-15 years for the carry, in most cases never appears
Gobsmacked the number of people who want to be VC.
Be born wealthyish. Go to Stanford and do Computer Science. Goto work at FB/Google. Quit job. Create startup and raise millions. Sell company to FB/Google. Become VC. Invest in ex FB/Google founders who did Computer Science at Stanford.
Gobsmacked how many founders have no idea what a VC's business model is. Whatever the VC fund size is they will want your startup to be worth 3-5x the TOTAL fund size. This will cover all the losses. If they do not think you OR your idea can do that then you will get no money.
Venture investing really is silly. Some people who may or may not be smart randomly pick who to give money to...and everyone - founders and VC's think it is not random. Interesting how arbitrary the money distribution game is
At what point will VC's stop saying contact us via someone we know. This implies that you are only allowed in the club if you are an Elite Friend. If you have no bias then remove the bo**ocks from your website. I will start sharing who has bias then let us see if you keep this xx
Rich kids can afford many throws they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bull’s-eye, and then they talk about how failure is essential to success
Congratulations once more to
@paul_a_smith
OBE. I am pleased to say my friend and one of the nicest and most helpful people around, who has done a huge amount to help so many people has got an OBE. Well done matey xx
Lots of employees love this remote work unaware that they will soon be unemployed as employers realise they can utilise the best people any where in the world.
When you’re 20 you care what everyone thinks, when you’re 40 you stop caring what everyone thinks, when you’re 60 you realize no one was ever thinking about you in the first place. How old are you? What stage are you at?
UK Tech Unicorns 2011-15
Transferwise, founded 2011, valuation £3.18 billion, last year turnover £179 million, profit £10.3 million
Sumup, founded 2011, valuation £1.00 billion, last year turnover £24 million, profit £1.7 million
A week into self-isolation, it’s very upsetting for me to witness my wife standing at the living room window staring aimlessly into space, with tears running down her cheeks.
It breaks my heart to see her like this.
I’ve even considered letting her come in... but rules are rules.
Bitcoin - weeks of digging and being very very negative in public and private and I am changing my mind in public. There are numerous things wrong with Bitcoin but compared to the current options we have available it is just much better.
@alexdunsdon
@JeffBooth
I assume humanity bumbles along with no idea and will drive itself off a cliff. I will spend my life trying to make it not do so. I suspect I will fail but I get to have a laugh with some interesting people:)
CEO job.
Set vision...hold people to vision
Always be chatting to interesting people - have no agenda
Look after people
Make sure the bank account has cash in it
A sensible person checks the escape routes, so note the Bitcoin price depends on the exchange you are selling on and is only real when you are off ramp...so check how fast you can get out if need be.
30% increase in Corona cases in UK overnight so we are still following the Italian graph. Stop going to events, stop holding events.....this is what the Chinese learnt to have a huge impact. We are 13 days away from where Italy now is.
Looking for a COO based in UK for a company with 50 people, must be able to get to midlands 1 day per week. Company I seed invested, 3 year old company, £10's millions revenue, profitable, no VC/PE investors involved. Please share and message me please if interested. Thanks.
Question for founders if you were an investor?? 3 team members - a maths Phd, an ex Olympic gold medalist, a domain expert. All been best friends for 15 years. The idea they have seems to make no sense. If you were an investor would you take the meeting??
When you are trying to raise money for your bad startup learn the tricks to sell and be a mirror of the investor. When you have a wow startup be aware of the investors who learn to sell to you and become the mirror of you.
When I was an angel investor I got startups meetings with angels and vc's and many got funded. Seeing the quality of the decks on Decksender I am gobsmacked so few have been funded? Was I great salesman to other investors OR did I spot magic OR did I make investors lives easy???
Congrats to
@paul_a_smith
today ( and his mum ) a well deserved OBE for one of the nicest and most helpful people I know. Congrats mate, your mum will love the day.
This happens to loads and loads of people but they never say it: "I left my high paid corporate job to found a startup...startup life was shit so I went back to my safe easy high paid job":) Why?
If anyone has a right to be mad at Harry and Meghan it's the people of Sussex, who have been left leaderless without their Duke and who are now defenseless against incursions from Hampshire and Kent.
Everyday people connect with me on Linkedin and everyday 1 minute later they try to sell me some stuff.......cheap pimps and whores seemingly also went to the best Universities in the world:)
Climate change - buy less meat, milk, cheese and butter and more locally sourced seasonal food - and throw less of it away • drive electric cars but walk or cycle short distances • take trains and buses instead of planes • use videoconferencing instead of business travel
There is a huge amount of talent that has no idea how to even get to an investor, I use to invest in it. Investors tell me that all great founders will find them....I simply point at my portfolio and ask them why they never got to meet some of the great founders I invested in??
I am pro science, pro vaccines, pro measures to reduce Covid spread, pro doing things for the benefit of society over the individual but also pro rights of an individual. Covid and how it has been dealt with by governments puts me in a quandary everyday....easily confused:)