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Wiz 👨‍🚀
@WizLikeWizard
VC @Spacecadet ✦ Investing in Spacecadets & marketing their moonshots. 2x Founder. Techno-Optimist. Sometimes Chef. Son of immigrants. 🇨🇦
New York, NY
Joined April 2009
Posts
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    Spacecadet was founded on the insight that founders working on the most important problems of our lifetime (Function, K2 Space, Rainmaker, etc.) need the most help telling their stories. Not because they're bad storytellers, but because they're working on such big, crazy ideas
    Today marks a new chapter at Spacecadet. We’re launching our creative studio. John McCarthy and @WizLikeWizard sat down with @adage’s @kitten_mouse to discuss why frontier tech startups shaping our future need creative partners as bold as their visions. Read the article here:
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    VCs pivoting from AI back to Metaverse.
    GIF
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    Our $15M Pre/Seed fund is OFFICIALLY CLOSED 🚀 Most VCs just invest. We share stories that transform tomorrow. Here’s ours 🎬
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    After my startup got acquired last year, I was totally lost on what to do next. I didn’t want to start another company but my skills as a founder didn’t really feel transferable into a job 😔 So, I started studying for the GMAT to get an MBA 🥴 Spoiler: it was a bad idea. 🧵👇
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    Those who have read @JamesClear's Atomic Habits: What environmental cues have you added (or removed) in your life? E.x. leaving your guitar out and accessible in your living room to encourage practicing more
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    The worst version of a fundraising ask is “we need $3M to give us 24 months of runway”. The best version is “we need $3M to accomplish these 3 critical projects we have planned that will take us from X users/revenue to 5x in 18 months. We need these 4 new positions to pull it
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    Perfect Pre-Seed Round: 💰 $1.25M on $6M Post SAFE. 🥇$600K from great Pre-Seed lead 🥈$500K from two value add/strategic micro-funds 🥉 $150K from 5-10 operator Angels Here’s how to do it 👇🧵
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    Founders: if you’re going to spend years++ of your life eating glass, make it worth it. Build something transformational. We don’t need more incremental ideas. We don’t need the 86th dating app, or the 43rd Notion, or 100th Neobank. Change the world. Build a Better Future.
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    For Fund II, we didn’t pitch investors— We sent their future selves from 2050 to do it for us. See how below 🧵
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    The @perplexity_ai posters are 🤤 So @spacecadet made other startups in the same style 🧵 ft. @Tesla @Figure_robot @anduriltech @eightsleep @OpenAI etc.
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    You’re not a serious person in tech if you’re not in SV 🤷🏻‍♂️ My Saturday: - volunteered at Stanford farm and got pitched by a Google SWE on an AI-powered hydroponic sys he’s prototyping in parents’ garage - birthday dinner in Hayes sat next to AI PhD working on “the neurons”
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    Raising a first fund is an incredibly hard & opaque process 🥵 We asked 22 top emerging fund managers (Harry Stebbings, Turner Novak, Jeff Morris Jr, Ryan Hoover, etc) for their biggest shareable secret to raising a new fund 🧵
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    ⚠️ #1 mistake founders make is simply talking to the wrong investors. Huge lists of 1,000+ are unhelpful IMO. I struggled to parse them when I was a founder 😱 Most important part of fundraising is finding the right investors for your company AND stage. Top 10 Pre-Seed 👇