Hypermassive Early-Stage Venture Rounds Increase Founder Risk
A couple weeks back I was talking about YC, demo days, and how it made us think through our beliefs at Comet Labs. I also brought up the concept of SoftBank’s Vision Fund as a Black Hole…
SalesHero’s AI assistant rescues humans from tedious sales work.
Stefan Groschupf and the SalesHero team make difficult things look easy. Exhibit A — Lots of people in San Francisco ride their bikes to work every day (myself included – watch yourself, MUNI drivers). Ben, the head of product at SalesHero, rides his bike to the office too. From Sausalito. Every day. No ferry.
Automated Underwriting is Revolutionizing China’s Consumer Credit Market
Over the past few years, China has led a huge shift from the investment and exports-led growth model to one fueled by domestic private consumption. To boost the consumption-driven growth and promote inclusive finance, Chinese authorities loosened rules for private consumer finance companies that encouraged innovation in internet-based consumer financing.
Three things I hear from founders that make me nervous.
I like Y Combinator, a lot. In fact, I’m kind of jealous of Y Combinator. They have an amazing team, breathtaking network, $700M — $1B+ fund (depending on who you talk to), and the top founders from infinity and beyond banging down their doors to become part of that world…