👉 Last Week on Tech Twitter TLDR - Aug 5
How to break into VC, the wisdom of Justin Kan, fart mode Tesla update
Yo! Here’s what happened on Tech Twitter this week.
As always, reply with feedback and forward to friends!
How to break into VC
Write deal memos and send them to VCs. It’s good practice and people love it when you do their job for them.
If you are looking to break into VC, I would highly recommend this exercise:
1. Subscribe to Axios Pro Rata and Fortune Term Sheet
2. Go to 'Venture Capital Deals' and identify the Seed/Series A deals
3. Write a fake investment memo for deals you would have wanted to do (1/week)
@ekhornung @blakeir @upsidefm Writing fake deal memos is a great way to cut your teeth and break into venture capital. If someone came to me with a dozen deal memos they wrote for our startups, that would be a killer way to get a meeting.
Wanna break into Venture? Here's a spectrum of risk vs fit:
① Founder with successful exit
② Early employee at 🚀 startup
③ Country MD at 💰 startup
④ Eng/PM at tech giant
⑤ Any other tech role
⑥ Finance/consulting
⑦ Recent grad
I started at 7 FWIW.
The Wisdom of the Kan
Justin Kan has been sharing some really wise soundbites for some time. Here’s what he said this past week:
Impermanence of everything is a universal constant. No matter what kind of legacy, family, foundation, or business you’ve created, one day it will disappear and no one will remember anything of your life.
Keep an open mind and an open heart.
Open mind = open to new ideas & being wrong. This helps you grow.
Open heart = open to new connections & finding joy. This will keep you happy as you grow.
Having strong conviction does not mean your idea is necessarily right. It took me 36 years to figure that out :/
You probably torture yourself every day over a future goal or milestone you want to achieve. But you don’t 100% control the outcome of achieving that goal.
Don’t torture yourself over things you don’t control.
We are all conditioned to want approval from others. It was important for our evolution as a social species, and it served us well in the past. But don’t let it own you now.
Interesting Stuff
If you had told me 10 years ago that I would spend 50x more time on LinkedIn than Facebook, I would have never believed you.
The modern mind is overstimulated and the modern body is understimulated and overfed.
Meditation, exercise, and fasting restore an ancient balance.
Today I learned:
Becoming a social media celebrity is the new epidemic in South Korea, where kids and parents go to any extremes to get views.
For example, this 6-year-old girl, Boram, has 30 million fans and is so profitable that her parents opened a company named after her.
iPhones sold:
2018: 217.72 million
2017: 216.76 million
2016: 211.88 million
2015: 231.22 million
2014: 169.22 million
2013: 150.26 million
2012: 125.05 million
2011: 72.29 million
2010: 39.99 million
2009: 20.73 million
2008: 11.63 million
2007: 1.39 million
Total: 1.5 billion
Hypothesis: Before the internet, you could build businesses on advertising in a way that you can't now, because now the platforms evolve to eat your margins.
Important reminder as we enter the next Bitcoin bull market:
- BTC is very volatile
- You can lose all of your money
- Only invest what is ok to lose
- Twitter is not investment advice
- Don't buy BTC with credit cards
- Keep low time preference
- Do your own research
🙏🏽🙏🏽
Funny Stuff
Tweeting about what beverages you got at a VC office is the discount version of instagramming your business class slippers
Countries where buy the dip beats dollar-cost averaging:
🇦🇹 0
🇩🇰 0
🇫🇮 0
🇩🇪 0
🇮🇹 0
🇮🇪 0
🇱🇺 0
🇨🇭 0
🇬🇧 0
🇭🇺 0
🇪🇸 0
🇵🇹 0
🇸🇬 0
🇸🇦 0
🇧🇪 0
🇸🇪 0
🇦🇺 0
🇫🇷 0
🇳🇿 0
🇳🇱 0
🇧🇷 0
🇨🇦 0
🇲🇽 0
🇺🇸 0
I turned 10k to 10 million in 5 weeks but rather then turn that 10 million into 500 million let me take the time to teach you, yes you, how to do the same thing for the low low cost of 500 dollars. Cuz that’s a good allocation of my time.
Yes this makes sense.
A key adult life skill is winding down unwanted conversations gradually by sending fewer and fewer emoji over longer and longer time frames
Memes are art and independently (unintentionally?) rediscovered Dadaism almost exactly 100 years after the original movement. History doesn’t repeat but often rhymes...
Founders with 1,000 employees: "I wish we were 100 employees again."
Founders with 100 employees: "I wish we were 10 again."
Founders with 10 employees: "I wish we were just 2 again."
Two co-founders who just closed their first round of funding: "We can't wait!"
Cool Stuff
In case you missed it: Blood pressure monitoring may one day be easy as taking a video selfie spr.ly/6015ELblz App developer: NuraLogix
Bruh my flatmate has MADE this for his final project - it’s basically a prototype for a devise that allows people to see and design bionic prosthetics to replace their limbs HUH
Thanks for reading! Be sure to subscribe and follow on instagram if you haven’t!