I just learned from a former longtime Amazon employee, the idea for Prime came from an IC engineer. He wrote up a 6 page memo. He was inspired by the Costco membership model. It was built as a test. It's now the key pillar of Amazon. The best ideas can come from anywhere.
An aspiring learn it all. I’ve been trying to make @firstround a little better every day for 18 years. Partner to @stedi, @Persona_IDV and @clay
- Adobe's pivot to SaaS is one of the most impressive tech stories that I haven't heard many talk about. Now a 110+ billion dollar company ($20b more than Salesforce for context).
- From the Berkshire Hathaway annual meeting - top 20 companies in the world today vs. 30 years ago. Amazing what can happen in just 30 years.
- Still trying to wrap my head around Google spending $32B on Wiz when their AI talent could easily vibe code a clone during a lunch. I thought all software was now free?
- It’s funny, it seems for most people, earlier in their career they want to manage the most people possible and later in their career, they want to manage as few as possible.
- I'm thinking of putting together an S-1 reading club and having a few experienced public market analysts help facilitate the conversation. If you're interested in joining, let me know by filling this out:
- I'm continually surprised that doing what you say you're going to do is a massive differentiator.
- This little story from Sam Harris is one I'm constantly coming back to.
- Contrarian take: SF is great.
- I was reminded of the remarkable email Andrew Mason sent to his entire company when he was fired from @Groupon “After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding — I was fired today.”
- When a VC says they want to pre-empt your round and then asks you to come into a partner meeting and talk to a bunch of customers, they’re not actually asking to pre-empt; they’re asking you to run a fundraising process with one potential bidder.
- Is there any greater joy in life than when someone who you didn't want to meet with in the first place, cancels the meeting?
- I’m thrilled to finally share a new product we’ve been heads-down building, now available in public beta: @firstround Angel Directory. It’s the most extensive resource for founders & future founders to discover the best active angel investors in tech. angels.firstround.com/directory








