The path from seed to Series A is broken.

In 2018 something like 20-24% of startups that raised a seed round would graduate to their Series A in 24-36 months. Not everyone, but those were the numbers.

‌Recent cohorts have underperformed. For companies that raised their seeds in H1 2022, only 13% have made it to Series A across the 6 industries in the chart below. That's 13%.

Wild? Yes. The problem is investors don't see the path for liquidity early on. Most are looking for a fair trade to make money for their LPs as quickly as possible, and not to hold it forever/play a very long play.

Understandable. So what's next? Most likely we'll see more one-shot fundraises where new ideas/teams will be funded only once before they get profitable or die. And the funny part, i do think the world will benefit from this way better.

the lesson here is to do anything seriously 5 times a week for a year straight and see all the great things it brings you...

Investor updates, inner circle musings, or exclusive content?

Introducing shareholders-only posts. 👀
Create deeper connections, not noise. Discuss and collaborate in private.

Shareholders-only posts give your shares more utility and open up new ways to build connections with your audience. The best part.... shares tend to appreciate in value.

"I have to slip out after this to go get a scan done for the show, and then also for the movie I’m doing after the show. Two scans in one day,"

The real metaverse is coming and celebrity job will never be the same anymore...

Humanipo, hace 12 meses encontré este sitio web, y volví a ver como sigue, y quedo sorprendido ya que antes solo cotizaban gente muy reconocida, una oportunidad para los emprendedores e innovadores, ellos son quienes nos pueden generar grandes rentabilidades, ahora el arte es encontrar al indicado.

A big vote and live event coming up this Sunday. Read more about it here:

Scheme for pitobiatech PTC.. Leading Nigeria eNaira into the awakening of 5D digital Era

We released our new AI tool called Role Model AI that lets you use multiple tools and LLMs in one location. It’s currently free until May. Let me know what you think!

typeform made $91.2M in revenue last year.
it's a great business -- crazy expensive, easy tech, no moderation or compliance issues...we need more forms!

Reddit is looking to IPO for $5b.
Going to be the ultimately meme stock tho.

Check this out!

Yes, the one-person billion dollar companies are coming.
https://x.com/alexisohanian/status/1752753792058294725?s=20

Brex is burning $17M a month questioning the future growth.

Some data below
Burn: ~$200M/yr (⬇️ 23% YoY)
Net revenue: $279M/yr (⬆️ 32% YoY, ~flat for H2)
Runaway: 2 yrs cash

They are targeting an IPO in ‘25
Valued at $12.3B in Jan ‘22; what would it be worth today?

I was thinking about how a financial crisis works and the repeating pattern of hype to collapse and it weirdly goes back to 1720 (and probably before)...

Interesting fact, I'm noticing more repeat founders self-funding their own seed rounds. They can go big on their own terms while having the flexibility to bootstrap or raise a big round after product/market fit.

I think "bootstrapping" or "angel investing" in your own ideas will become more of a badge of honor and the ultimate flex. Also, cost to start a company has gone down, especially with more remote work and no need for an office to get started.

If you built an audience before, the CAC has gone down and the speed to get first 100 customers is much faster.

I do believe that RWAs (real world assets) have a digital future, and eventually, all assets will become digital or have their digital clone to simplify liquidity.

Haven't been following crypto for a while, but those numbers are impressive.

You might notice that some of the most interesting people on the planet are those who create new things. We experience life by doing something, and people who accomplish more in their lifetime are usually the most ‘experienced’.

After spending a meaningful amount of time with some of the most interesting and successful creators/entrepreneurs, I put together ten working theories — observations that I found useful for myself and hope can be useful for others.

2023 in review. A year of ups and downs.

https://news.kmikeym.com/2023-review/

Welcome to 2024!
A brand new look, dozens of new features, and, more importantly, new amazing creators. More news coming soon! ⚡🎉

Some 2024 Predictions

1. Everyone will have an AI friend. These characters can be a personalized tutor, work assistant, therapist, girlfriend, or all-of-the-above.

2. We will begin to see "one-and-done" seed stage rounds, where startups receive funding once and do not require additional rounds (unless they break out).

3. Dividend-paying tech startups will emerge as a new funding mechanism.

4. Being in good health will be the new status. More 30-year-olds will go on to build their personal health dashboards.

Balaji just announced a new rolling fund with some great LPs like Naval, Brian Armstrong, and others. Seems like it's a slow new trend of running funds publicly. It's quite shocking how little innovation was made in venture capital industry so far.

As we know any social network/community eventually becomes a group chat so I'm thinking to start my own. I've been thinking what's the best tool it might be...seems like Telegram wins these days?

- Slack is expensive
- Discord is chaotic
- Circle is too hard to consistently check
- WhatsApp is too simplistic

OpenAI drama...just wild.

Every new thing starts with an idea, a belief, or a passion. New ideas rarely come from nothing; they emerge from the things we love, are curious about, or inherit from other ideas that surround us. Read more in the new essay about creative process and how we create things.

Yesterday's presentation from OpenAI feels like we are in "that moment" again. Exciting stuff. Building something? Let's chat!

Open.AI got news for developers. Don't miss out on it.

Including models with 128K context, prior we had a 8k-32k window.

In the next weekend I will be testing some tools to see if it works better, since this was the only limitation that I faced for my more complex prompt's to materialize in code.

What has been your experience using AI tools so far? Let's talk about that!!

What about your opinion?
Designing a jacket that secretes coolness and is resistant to the hot rays of the sun, so that inside the jacket there is a tightly designed tube that benefits farmers, travelers, cleaners, the elderly, and tourists as well.