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.

"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...

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

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.

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.

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

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

I'll just leave it here!

This is amazing. GPT-Migrate that helps you easily migrate your codebase from one language or framework to another...

Check this out:

Lack of ownership and intransparency of how the assets are managed make people behave in a way destructive for the ecosystem and macroeconomics.

Last few months on the tech scene demonstrates a great picture of why sufficient decentralization & crypto actually matters.

People tend to get quickly into panic in the highly dynamic market conditions and having zero control over the assets they 'own'.