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A Legend in the Boardroom and a Legend on the Court
We have to pay tribute to the late Kobe Bryant. Not because of his unparalleled accomplishments on the court, but because of his impressive accomplishments off the court. This untimely tragedy has brought his life after basketball into the spotlight. Especially to those in the VC and startup ecosystems given his activity in the space. In the spirt of basketball, I'm going to "highlight" some of his key accomplishments as an investor and a businessman. If you would like to read more there is a fantastic article below.
His early investment in VIP Kid's $20M series B. The company has gone on to raise an additional $950M and is valued at $3.5B
Bryant’s very first investment a 10% stake in healthy sports drink maker BodyArmor – that truly scored, after Coca-Cola purchased a majority stake that turned Bryant’s initial $6 million investment into more than $200 million.
Has VC become so big it must be disrupted?
Nathan Heller published an article called Is Venture Capital Worth the Risk? in the New Yorker. It’s a well-researched critique of the venture industry. The key question he poses is: has the industry become so large that it needs to be disrupted?
Going fully remote was nice, but the real benefit was in going fully asynchronous. Here are a list of the benefits we've seen at @Gumroad:
1) All communication is thoughtful. Because nothing is urgent (unless the site is down), comments are made after mindful processing and never in real-time. There's no drama.
2) Because everyone is always effectively "blocked," everyone plans ahead. It also means anyone can disappear for an hour, a day, or a week and not feel like they are holding the company back. Even me! Click to read the whole thread >>>
How Do You Keep Stress From Crushing You As A Startup CEO?
“I think we should sell the company,” ‘Raul,’ one of our investors, said to me. I was meeting with the investor at his office on Sand Hill Road.
We were in the process of closing our Series B funding. We had a term sheet from an outside investor that he (and our other investor, Gill) had agreed to, so Raul’s change of heart took me completely by surprise.
“What?” I responded. His request made no sense. We were doing well. Really well, in fact. Click to read more >>>
The Three Steps a Startup Has to Take to Become a Large Company!
A few years ago I got a call from Patrick, an ex-student I hadn’t heard from for eight years. He was now the CEO of a company and wanted to talk about what he admitted was a “first world” problem. Over breakfast, he got me up to date on his life since school (two non-CEO roles in startups) but he wanted to talk about his third startup — the one he and two co-founders had started. Click to read more >>>
Kobe Bryant: The Athlete, the Legend, the Investor
Each year, we analyze an anonymized data set of our customers to identify trends in SaaS spend and usage. This report takes a look back at 2018 data from nearly a thousand companies, and offers guidance on how to think about SaaS in 2019.
Even before retiring from the Los Angeles Lakers following the 2015-16 season, Bryant was already intensely focused on his second act: putting money to work in new initiatives, businesses and ventures. Click to read more >>>
New Tools on Passport
VectorGrove :Choose from over 1.2M Vectors/Graphics with VectorGrove's Unlimited Download Plan. Extended License is included.
Burnrate: BurnRate makes it easy for founding teams and sales leaders to build bottoms up-plans for revenue growth.
New on Passport
🏡Recology Composting Workshop: Michelle Sung from Recology will be giving a presentation in The Academy on Tuesday, February 4th from 12-1pm. Come to learn about how to get rid of your trash, or come with questions. Come grab a slice of pizza and learn composting 101!
🏡GSVlabs Lunch & Learn with Digital Ocean: Join us to learn some of the basics to scale your startup and its infrastructure! From your first to your one-millionth customer, we'll share insights on what has worked for DigitalOcean, and how you can apply some of the takeaways for your business.
Venture Cafe Kendall Office Hours: Venture Cafe Foundation runs weekly office hours with our advisers every Thursday at Venture Cafe Kendall.
BNI Financial District Networking Meeting: BNI Financial District is a group that is based upon helping people to get what they want. In this case, what people want is referral business. .
Curated with Love By Team GSVlabs
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