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Aydin Senkut
Felicis
@asenkut
Founder @Felicis | 12x Midas List | 10 IPOs | lucky husband & proud father
Menlo Park, CA
Born October 17
Joined August 2007
Posts
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    The hardest thing in venture is reinvention. You’d think success should naturally lead to more success, but more often, it traps you. Success makes investors complacent, convinced they’ve “found the winning formula.” But the truth is, consistent great returns only come from
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    Big day: new @felicis $900M Fund 8, betting on super trust in the era of super capital + excited to welcome ⁦@vivfaga⁩ as our newest GP cc ⁦@weschan⁩ ⁦@speechu⁩ ⁦@victoriatr⁩ ⁦@nikipez⁩ ⁦via ⁦@Cookie⁩ ⁦
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    I’m so proud to see @kennethlin & @creditkarma vision reach this incredible scale from when we first invested in their seed round to result in the $7.1B acquisition by @Intuit
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    Key learnings for us: 1. Markets matter, pick big incumbents (MS Office) or follow big demand (devs require better access to FinTech) 2. Generalist approach broadens access to more winners (not a single unicorn or decacorn investment we made was led by an expert) 3. Some of our
    7 Unicorns and 3 Decacorns in one Fund 👇 insane! Felicis Ventures III ($71M), @asenkut @speechu invested in the seed rounds of: Adyen ($24.4BN Market Cap) Plaid ($13.4BN Latest Valuation) Notion ($10BN Latest Valuation) Credit Karma ($7.1BN Acquisition) Ginkgo Bioworks
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    Anybody who is in VC business or interested in it, this is a must read piece by @CamAssociates (Cambridge Associates) with plethora of great stats (LP allocations up 2-3x / loss ratio down from 50% to 20% / new managers consistently in top 10): cambridgeassociates.com/research/ventu…
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    Even amidst these turbulent times, we are doubling down on our quest to find the most iconic companies & partnering with amazing founders: wsj.com/articles/felic… via @ychernova @WSJ
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    Big day @felicis as we announce our Founder Development Pledge: committing 1% in non-dilutive capital on top of every 1st check we write to be used towards personalized founder development - great work by @dashamaggio coverage by @alexrkonrad @forbes forbes.com/sites/alexkonr…
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    Go out of your way to say “thank you, I’m grateful” in as many different situations as you can - you might be surprised with an unexpected jolt of happiness.
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    To amplify, we @felicis found that revenue, capital efficiency is one of the most reliable predictors of future success. I wish we paid more attention to what startups did with $ raised vs size of rounds...
    Level of funding correlated to success, correct? Incorrect. Of 50 biggest exits since 2012, 32% raised sub $100m. 6 of 9 most valuable IPOs raised sub $100m. 6 of 11 companies which raised most pre-IPO now negative change in value since IPO. Funding is not always king. 🤷‍♂️
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    Big day today: our first LP board meeting in our new SF office, 4 Series A term sheets signed in last 6 weeks (2 already closed), so much more to come and it’s not even summer yet !
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    Super excited about our latest fund & welcoming our newest partner @victoriatr to our team; we are so privileged to join journeys of so many amazing companies, look forward to adding many more ! Captured nicely by @Cookie
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    Honored for ⁦@Felicis⁩ to be a nominee for Venture Firm of the Year at ⁦@nvca⁩ Annual Gala !
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    When we led the Ser A of @poolsideai , pre product, we felt, it is going to be one of the boldest investments we ever made at @felicis - partnering w @jasoncwarner & @eisokant is so special because they're so ambitious & assembled a stellar team more swiftly than we have ever
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    Immigrant Founders started 52% of all new Silicon Valley companies between 1995-2005 on @Inc inc.com/magazine/20150… via @davemcclure