An interesting read. Thanks for being honest about what has gone wrong rather than simply screaming about the winners you had. I heard Ernestine fu saying something similar on this line during a stanford lecture: "There are three kinds of companies. Decacorn, Unicorn and Walking Deads. Investors want Decacorn companies to be pretty close to them, because they'll be angel investors in future, and their names will help them cracking more deals. They want to stick to Unicorns because they have potential to become decacorns. But Investors never even talk about walking deads and you won't see them in their portfolio or website." But you atleast shared your learning. Appreciate it!
While I have began my journey investing in seed web3 seed rounds only few months ago, I am learning with every pitch I come across and investment decisions we are making along. On a call with Microsoft backed founder yesterday advised me on 5 pointers while assessing a startup (which definitely was not exhaustive) but one of them was: I am investing in this because... and then... will I be regretting if things don't turn out the way I expect it to be? That particular question stuck with me. And on top of that this article is a savior. Still improving our thesis.
An interesting read. Thanks for being honest about what has gone wrong rather than simply screaming about the winners you had. I heard Ernestine fu saying something similar on this line during a stanford lecture: "There are three kinds of companies. Decacorn, Unicorn and Walking Deads. Investors want Decacorn companies to be pretty close to them, because they'll be angel investors in future, and their names will help them cracking more deals. They want to stick to Unicorns because they have potential to become decacorns. But Investors never even talk about walking deads and you won't see them in their portfolio or website." But you atleast shared your learning. Appreciate it!
While I have began my journey investing in seed web3 seed rounds only few months ago, I am learning with every pitch I come across and investment decisions we are making along. On a call with Microsoft backed founder yesterday advised me on 5 pointers while assessing a startup (which definitely was not exhaustive) but one of them was: I am investing in this because... and then... will I be regretting if things don't turn out the way I expect it to be? That particular question stuck with me. And on top of that this article is a savior. Still improving our thesis.