Not commenting. Just showing the thread. Wow.
Union Square at 60% IRR across 8 funds wow omg pic.twitter.com/vJ2HgFm3qE
— Jason ✨Loved SaaStrEuropa✨ Lemkin 🦄 (@jasonlk) June 16, 2019
Pretty cool to see them doing this.
Atlassian is releasing a document that’s meant to simplify the negotiation of terms for acquisitions. That way the buyer and seller can focus on more important topics, like integration.
Yup. It’s slow. I would say though that outright folds come fast but that companies could be barely surviving but not going under for years.
I also concur with the payback period.
This is good.
I’ve written a little bit before about how venture capitalists (VCs) make money (see this post). But I’ve never quite spelled it out, and in this post I’ll do just that. I think it’s useful to understand this — certainly for anyone who is an aspiring future VC — but even for entrepreneurs, because it…
— Read on elizabethyin.com/2019/06/07/how-do-vcs-make-money/
Some nuggets in there. Might have to pick up the book.
It’s pretty simple.
– Respond to emails – even cold ones can get a reply
– Follow up on warm leads
– Be transparent about the process and honest about the answer. If it is not gonna happen then just tell the founder early. They appreciate it.
– It’s okay not to invest and sometimes founders think if they get connected to you that you are somehow obligated but just be clear and responsive.
Being open and kind is pretty easy to do.
Calling all SEAsian founders and angels…
Unsafe Notes – AVC
— Read on avc.com/2019/05/unsafe-notes/
There will always be a soft spot in my heart for Hian Goh of Openspace.
Short backdrop. I met Hian at some event in Singapore back when I was working for Spuul.
Hian was still at AFC, prior to selling it, and we would talk tech Singapore and life.
Then Hian went on to found NSI with Shane around about the time that I was looking to learn more about the VC industry.
At some point Hian offered a paid advisory role and of course I jumped at it. If it wasn’t for that chance I don’t think I would be a VC today.
Hian posted this on FB and I find it very useful and fairly relevant for all humans.
Thanks for sharing Hian!
I actually saw the tweet and assume right away it was suppose to be a DM.
I guess when you have a platform like Jason’s you can use it to get into deals that other investors cannot.
It’s all about dealflow.
Yes – it is a long game. I think people don’t generally realise this since with all the hustle and PR lots of folks thinks it always all plays out over just a few years. Which is not the norm at all.