Woke up to good news from Israel on ending the Coronavirus lockdown this morning, which I think should be shared widely in English.
Gil Dibner
33.7K posts
Gil Dibner
@gdibner
Trying to help the few do the impossible; building @angularventures. Early stage. Enterprise. Deep tech. EU+IL. ๐ฎ๐ฑ๐บ๐ฆ๐ช๐บ๐บ๐ธ
- Replying to @paddycosgraveI was looking forward to participating in and speaking at WebSummit. In light of these comments that show a complete lack of moral clarity, I have no choice but to cancel my participation. I know I am joining several other people in making this decision. I unequivocally condemn
- We talk to a fair number of LPs. If we connect the dots, it seems there is a huge explosion coming. Here's how it might unfold:
- Low interest rates and a flood of fast dumb late-stage capital has jacked up artificial paper venture returns. This has had several effects:
- A sad day, but I've unfollowed Paul Graham, one of my heroes. He fell on the wrong side of my "don't follow rabid antisemites on Twitter/X" policy. And I'm saying this as a pro-peace, left-wing, anti-Bibi Israeli.
- One of the smartest people I know said three interesting things today about GenAI and LLMs:
- Replying to @gdibnerWhat I think is particularly notable here is that the Israeli government is treating citizens as adults: providing transparency and granting them agency in helping the country exit the lockdown.
- Just saw a seed round cap table. Founders 37%, lead seed VC 23%. All new investors 30%. Previous pre-seed investors 23%. This is a seed round. What are you people smoking?
- You're not a real VC until something you hard passed on at seed stage goes IPO. :)
- It's not that I - as a VC - require you to have a deck to pitch me. It's that 9 times out of 10, you - as a founder - need to have a deck to give your most effective pitch.
- One of my most deeply held values as a VC is "do no harm." Accelerators that encourage early-stage startups to relocate to irrelevant/random geographies for almost no cash and little to no other benefits are among the worst offenders.
- Carta is single-handedly responsible for no one in tech/venture having any idea what any cap table actually looks like. Well done, guys! :)
- Replying to @gdibner3. There is going to be a massive migration of GenAI/LLM activity from 3rd party models (like OpenAI) to on-prem proprietary models for nearly all enterprise use cases.
- Excited to announce Angular Vision Fund I! The first $100B seed fund, built to back founders in a critical but under-invested area: "Future of Human Civilization." If you are building a pre-idea company in the Future of Human Civilization, please contact us!