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Founder Collective – Seed Stage Venture Capital
@fcollective
Our mission: to be the most aligned VC for founders at seed #ProudInvestor in @Uber, @TheTradeDesk @Airtable, @SeatGeek & more. [email protected]
Cambridge, MA + NYC
Joined July 2009
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    We’re often asked by entrepreneurs, VCs, and others in the entrepreneurial community, “What kinds of companies do you invest in?” The short answer is – almost anything. We’ve backed startups developing solutions in industries ranging from AdTech to Zoological DNA tests. /🧵
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    Expectation vs. reality of getting funded ⚾️ 1st Pitch Expectation: 10% Reality: <1% 🤝 2nd Meeting Expectation: 50% Reality: 10% 👩‍💼 Partner Meeting Expectation: 90% Reality: 50% 📜 Term Sheet Expectation: 100% Reality: 90%
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    Total VC Raised (adjusted for inflation): 🛒 Amazon: $13M 📦 Ebay: $10.6M ❗️ Yahoo: $4.9M Obviously a different time, but the beauty of software-based startups is that you don't need much capital. Also, these 50 case studies show it's still possible:
    Look at the size of the *venture* deals in today’s pro rata - $300m, $225m, $95m, $88m, $52m, $50m, $37m, and then finally some sub $25m deals. That’s just today. For context, Amazon, eBay, Yahoo raised $54m, $63m, and $34m in their *IPOs*
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    What does it cost to make a running shoe? solereview.com/what-does-it-c… Useful for anyone building a "DNVB" cc: @dunn
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    A little too quietly...so for the people in the back: 📢OVER 📢 THE 📢 LAST 📢 10 📢 YEARS 📢 BOSTON 📢 HAS 📢 PRODUCED 📢 MORE 📢 BILLION-DOLLAR 📢 TECH 📢 STARTUPS 📢 THAN 📢 ANY 📢 CITY 📢 OTHER 📢 THAN 📢 SAN FRANCISCO 📢 AND 📢 IT'S 📢 NOT 📢 PARTICULARLY 📢 CLOSE! 📢
    Boston has quietly become one of the hottest startup hubs in the US 🔥 Check out our new collection of Boston startups who are hiring today: angel.co/job-collection…
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    Disney combines 3-D Printing, vacuum-forming, and color graphics to create instant movie props popularmechanics.com/technology/a22…
    GIF
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    Anyone who has worked with @dafrankel knows he's an exemplary investor, but we're thrilled to see him make his debut on the @Forbes Midas List at #11! forbes.com/profile/david-…
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    Periodic reminder that Boston has had more $1B+ exits, and has generated more exit value, than any startup geo outside of SF. And that doesn't include biotech, life sciences, or devices... medium.com/@foundercollec…
    At Haystack, we only take mtgs w/ very small # of startups raising vs total inbound flow. In last 2 months, spent lots of time w/ teams building HQ in Boston. No new deals yet there, but wow, a flood of entrepreneurial talent.
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    "I’m hearing about more and more of these brands with tiny teams generating over $10M in sales, with higher-than-normal-retail profit margins. What is driving this new wave of commerce, and what are the implications?" - @scottbelsky medium.com/positiveslope/…
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    We identified 63 investors who have a background in starting companies. Only 11 of those founders-turned-investors have built enterprises that have IPO’d or sold for more than $1 billion.
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    Absolutely correct. Airbnb and Uber were founded four years before anyone knew what the "Sharing Economy" was. Use Cases > Trends. medium.com/hackernoon/sta…
    Trends are the ultimate red herring. Make things people want. There are lots of things nobody is talking about that are huge problems, totally solvable, just with the right smart people, the right product, with the right go-to-market. Follow first principles, not the crowd.
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    How to build a better slide deck—great practical advice from Y Combinator / @ilikevests buff.ly/1Hd7t7Q