13283
Diego
@d1ego #13283
Founding GP @ dissentcap.xyz
1677 Follower 1037 Following
Latest report from Carta on funding rounds. Median startup is raising every 18 months which is intuitive. What's interesting is the dispersion across each funding round (e.g. 4% of startups inc. in 2021 already raised a Series D)
Best CRM for LP Fundraising? I'm looking for something lightweight that can complement my current stack (Gmail + Sheets + Notion). I'm between https://www.pipedrive.com/ (more established, robust analytics) and https://www.folk.app/ (more flexible, less robust). Any tips?
I'm halfway through Nate Silver's On the Edge. The book's a bit tribal and self-aggrandizing for tech, but Nate is a measured guy and the tone is ok. Without being too antagonistic or bashing, he does a cool comparison between risk-takers & the professional managerial class and the implications at large. Worth the read
Great chart highlighting a key contradiction: economic growth vs. earnings growth forecasts. Consensus shows GDP deceleration while earnings growth accelerating, both can't be right. Asset prices reflect both lower rates and growth expectations (r & g) but hard to see how they're accurately priced with GDP set to slow
FBI probe into Hone Capital investigating if they shared sensitive startup data with China. Hard to imagine deploying $115M in 360 startups would give them any meaningful info on companies like Stripe, AngelList, Boom, etc. but optics matter https://techcrunch.com/2024/09/24/hone-capital-a-silicon-valley-firm-is-being-probed-by-the-fbi/
Not sure if it's official yet, but the Zoom Fly 6 looks dope. Rumored release is early November. I know the 5's flopped, but these are supposedly lighter and could work as daily trainers even with the carbon plate
Had a debate with my wife: I think Omakases in SF are rarely worth the price. Change my mind—what's the best one out there?
Interesting take. Counterintuitively, gamified 24/7 trading "replaces wisdom of the crowds with the folly of the mobs and causes prolonged, irrational mispricing" https://mail.blockworks.com/p/the-least-efficient-market-hypothesis
Just finished rewatching Silicon Valley on HBO. I don't think I've laughed this much rewatching a show. It's aged REALLY well and captures the zeitgeist of the last decade spot on. Wish they'd do a new one or a spin-off.
Just got a roof rack for my Long Range MY. Roadtripping through SoCal next month and debating between a roof cargo box or bag. Leaning towards a bag (don’t need much extra space), but boxes are more aerodynamic. Lot's of contradictory info online about the impact on range. Any advice or experiences?
"Negative changes in the Fed Funds Rate - US venture backed software exit activity increases by between 10% and 65%" Another banger by Tunguz. The correlation between rate cuts and VC exits is real and non-linear given rate cuts' convexity. https://tomtunguz.com/rates-and-exits/
Emma’s first swimming lesson. She loved it 😎
Great read on the logjam (+1400) of private unicorns waiting for some sort of exit. "Hot 2021" deals that raised at ~100x ARR find it practically impossible to find a good outcome when public comps are ~6.3xEV/NTM. Multiple compression has also crushed growth stage investing and we continue to be at an impasse until these get flushed through the system https://eastwind.substack.com/p/zombiecalypse-in-startupland?r=5j48v&utm_source=substack&utm_medium=email
Just finished reading the Genesis Book, can't recommend it enough. For those less familiar with the history of privacy/cryptography/activism even before the crypto wars of the late 90s, it's just a fantastic read. I studied economics and I've never read such a clear explanation for the schism between Hayek and Friedman.
Quite disappointed with the NB Rebel v4s. After 100km (5'11, 168 lbs), they’re just too soft, not responsive enough, and kinda boring. Expected them to crush intervals and speed work—nope. Love my Cloudmonsters (long runs) and Vaporflys (race), so would be looking elsewhere for daily trainers
2nd HM done. 10 min improvement. Ran much quicker than my race plan during the 2nd third of the race and ended up paying for it. Almost quit by the 18km, crashed hard. Lesson learnt but really happy about it. Btw, highly recommend Santa Rosa HM, pretty under rated.
Just wrapped up From Barista to Billionaire (Andrew Wilkinson's story). Highly recommend it. Impressive entrepreneurial journey, but what makes this book good is the depiction of the hedonic treadmill across wealth brackets and the emptiness that often follows "making it"
NTM Rev multiples for software companies now sitting at 11x for 90th percentile vs. 5x for 50th percentile cohorts. Interestingly, the delta % vs. multiples from Covid Boom is consistent across all growth cohorts: between 64-68% (i.e. the discount from the boom is consistent across good and bad performers)
Great episode on Trump between Samuel Hammond and Nathan Labenz. Quite nuanced discussion between Incrementalism via the professional managerial class vs reform via a high variance leader like Trump
Nico Williams staying at Bilbao instead of moving to Barca says a lot about how rising stars view the uncertainty there. The mismanagement of the past decade still haunts Barca on the pitch despite the great players consistently coming out of La Masia
2nd HM is in 2 weeks. This time I'm on a stricter plan: Light strength (Mon), race pace and tapered intervals (45 min, Tue) and easy run (Thu) before the big day (Sun). Last time I rested all week before the race and I liked feeling fresh. Debating between sticking to plan or resting more. What's worked for others?
Hey, @j4ck.eth, @marcela I would like to meet exceptional people on /icebreaker. Can you endorse me on Icebreaker so I can start making connections? 🙏