Archive: Early Investing

The Disruptive Force That Shaped My Life

By Vin Narayanan on July 28, 2021

All startups have an origin story. So do all founders. These origin stories are important. They explain why a startup began. Or why we believe particular founders will be persistent, constantly fight for success and never give up on their companies.  Whenever I interview founders, I always ask about their origin stories. I need to know and understand who I’m investing in. Investors have origin stories…

The Disruptive Force That Shaped My Life

By Vin Narayanan on July 28, 2021

All startups have an origin story. So do all founders. These origin stories are important. They explain why a startup began. Or why we believe particular founders will be persistent, constantly fight for success and never give up on their…

My Favorite Financial Thinkers

By Adam Sharp on July 23, 2021

As investors, we live in very interesting times. It’s a challenging environment that’s complicated by actors like the Federal Reserve, which can move markets like nothing else I’ve ever seen. In such a crazy environment, smart, independent thinking is priceless. These are some of the independent…

The Inside Scoop on “Outside” Founders

By Andy Gordon on July 21, 2021

Ali Tamaseb has written an interesting book called Super Founders. Super founders are the founders of unicorns — aka startups valued at $1 billion or more.  These days, $1 billion is the price of entry to what used to be a very…

How To Deal With Crazy-High Startup Valuations

By Adam Sharp on July 16, 2021

I saw a pretty interesting thing on Twitter this week. Founders Fund general partner Keith Rabois posted the following. Biggest change in the venture landscape now: There are no VC funds with pricing discipline. All of us have caved.

Why CPG Startups Cost More Than Pharma Startups

By KingsCrowd on July 14, 2021

Editor’s note: Our friends at KingsCrowd produce a ton of data on startups. This week, they created a fascinating chart (see below) exploring the relationship between product type and funding stage. We’re sharing this chart with you because it provides useful insights that can help…

Why the Fed Is Bluffing

By Adam Sharp on July 9, 2021

The Federal Reserve is in quite a pickle. Inflation is heating up, as evidenced by May’s 5% annualized inflation rate (according to dubious official numbers). Economists assure us that these price hikes are “transitory” — i.e., not permanent.
Many Americans prepared for their July 4th festivities last week. But for thousands of Americans, celebrating was the furthest thing from their minds. Instead, it would be another weekend of coping with opioid addiction.   As COVID-19 finally shows signs of winding down, America’s other pandemic —…
Over the past few years, several notable traditional investors have come out in support of bitcoin, including Ray Dalio, Carl Icahn and Bill Miller. But the most recent addition really caught my eye. Ricardo Salinas Pliego is a Mexican billionaire. The founder of Banco Azteca, Pliego…

How Congress Is Trying to Regulate Big Tech

By Vin Narayanan on June 30, 2021

Apple, Amazon, Google, Facebook and Microsoft are under assault. If Congress succeeds in its all-out war against these tech giants, you will have to rethink how you invest in tech startups. If you’re surprised by this news, I don’t blame you. The…

Market Changes Favor New Startup Investors

By Adam Sharp on June 25, 2021

I’ve now been investing in startups online for seven years. Over that time, I’ve invested in around 125 individual startups and three funds (those funds in turn invested in another 30 startups). The vast majority of deals were early — seed stage, pre-seed or Series A. And over…

How to Evaluate Deep Tech Startups

By Andy Gordon on June 23, 2021

When you’re vetting tech startups, it’s not enough to simply note their sectors. Identifying a startup’s sector is merely the first step.  You need to ask yourself what kind of tech has you intrigued.  Is it a frontier technology company? Frontier technology…
Every time Elon Musk tweets about bitcoin and its price moves, I cringe. Why? WHY? There are much bigger issues we should be watching. But for some reason everyone focuses on Mr. Musk.  Don’t get me wrong,…

E-Commerce Startups Have a Massive Opportunity

By Vin Narayanan on June 16, 2021

E-commerce feels like it’s everywhere. But the truth is that even during a pandemic, e-commerce accounted for less than 15% of total retail sales in the U.S. According to the United Nations, e-commerce only…
Last week I traveled to Miami to attend Bitcoin 2021, the world’s largest crypto conference. Around 12,000 people attended this year. It was an amazing experience. I met fascinating people, learned a ton and discovered many innovative companies doing good work.
Great technology means a great investment, right? It’s never that easy for investors interested in an early-stage tech company. And for investors like me who are enamored with the medtech startup scene, it’s even more complicated. That’s why I conducted an experiment with my primary physician last year. I wanted…