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Eric Newcomer
@EricNewcomer
Founder + author of Newcomer – a startups and VC newsletter & events company. Host summits, including Cerebral Valley AI Summit. Subscribe newcomer.co
Crown Heights, Brooklyn
Joined April 2009
Posts
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    no atheists in a foxhole. no libertarians in a bank run
    Where is Powell? Where is Yellen? Stop this crisis NOW. Announce that all depositors will be safe. Place SVB with a Top 4 bank. Do this before Monday open or there will be contagion and the crisis will spread.
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    Sequoia invested in a $420m round in FTX at a $25B valuation in October 2021 and a consortium with Paradigm invested $400M at $32B in January 2022. And now it's selling in a fire sale? This is a truly crazy event in startup world. Dot-com bust level event
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    Continue to think Waymo is not getting enough credit for what they have accomplished. Self-driving cars are just roaming the streets of San Francisco. How are they not met with more wonder and praise?
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    I covered the Zenefits saga closely for Bloomberg & Businessweek and I have to say it was a moment that tarnished my view of media. I saw how powerful narratives are. It didn't make any sense to me that people like David Sacks and a16z would care so much about regulatory arcana
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    founder mode vs manager mode
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    Sequoia Capital has held firmly onto its shares of Bird. The firm invested $139M in Bird. The position is worth just $5.6M today.
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    I wrote in June 2021 how Sam Altman’s departure from YC had been under explored
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    Replying to @RMac18
    The people who agreed to be hardcore but then failed code review have a worse exit package than the non-hardcore people? Seems like Elon is kicking the people who defended him
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    Some crazy personal news: I've quit my wonderful job at Bloomberg in a pandemic to launch a subscription newsletter on startups and venture capital. I'm calling it Newcomer Read about here:
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    Craft Ventures predicts this downturn could last 1.5 - 2 years and thinks the correction is more akin to post dot-com than 2008 recession because this market turn is so tech-centric
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    Twitter board member Jack Dorsey snipes at Twitter’s board
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    Tiger Global told investors this year that it invested $1.1 billion in ByteDance at a $460 billion valuation in 2021
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    Replying to @DavidSacks
    we both went to harvard but we didn't overlap. certainly i like parker and your political views are terrible.
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    🚨🚨🚨 Coatue argued in a private presentation that it believed that Robinhood has "zero valuation support" and a "broken business model"