Archive: Early Investing

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 — the opioid crisis — continues to play out in hospitals, rehab centers and courts. In fact, the pandemic made the opioid crisis worse. There were more than 81,000…
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,…
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…
Every investor has preferences and biases that influence which startups they choose to invest in. And some sectors play to an investor’s values more than others. Whenever anybody asks me which sectors I prefer, I say it doesn’t matter to me. And I mean it. …

AMC Illustrates Market Insanity

By Adam Sharp on May 28, 2021

The hottest stock in the world is AMC. Yes, the movie theater chain. On Wednesday it was the world’s most traded stock and made up 11% of the total volume on the New York Stock Exchange.  In March of 2021 —…

The Real Problem with SPACs

By Andy Gordon on May 26, 2021

I’ve never hidden my disdain of special purpose acquisition companies (SPACs). As a refresher, SPACs are shell companies that attract investors and then go public in order to merge with a specific startup, thereby taking the startup public. I laid into them back in January in…

Crypto Regulation Shows Mainstream Acceptance

By Adam Sharp on May 21, 2021

What an absolutely insane few weeks in crypto it’s been. All the Elon Musk drama, the Tether reserve breakdown and now there are further signs of government regulation.  Today I’m going to look at the regulatory…
The merger of two major Asian companies this week barely made a ripple in the U.S. But it’s huge news in Asia — and even bigger news in Indonesia, where they’re based. The two companies merging, Gojek and Tokopedia, are fast-growing and ambitious. They’re both seeking an edge…

Dogecoin Is Meant to be a Joke

By Adam Sharp on May 14, 2021

In the summer of 2014, I met dogecoin co-founder Jackson Palmer in San Francisco during a tech conference. Jackson was instantly likeable, and we happened to know some of the same people at the conference. We hung out that night, and he gave me some insight…

Buybacks Are Bad for Shareholders

By Andy Gordon on May 12, 2021

My old nemesis SoftBank was in the news today. Thanks to some big bets paying off in its $100 billion Vision Fund, it posted a record $46 billion profit for the last fiscal year. I’m not impressed. In fact, I’ve never been a big…