Summary
SamNav editorialI started seed investing in 2010 (and much more actively in 2012) before becoming a full-time YC partner. In this period, I invested in about 40 companies....
I started seed investing in 2010 (and much more actively in 2012) before becoming a full-time YC partner. In this period, I invested in about 40 companies....
Within range by shared topic and coordinate - not by an algorithm.
Everyone claims that they understand the power law in angel investing, but very few people practice it. I think this is because it’s hard to conceptualize the difference between a 3x and a 300x (or 3000x) return....
When I invest (outside of YC) I make offers with the following term sheet. I’ve tried to make the terms reflect what I wanted when I was a founder. A few people have asked me if I’d share it, so here it is. I think it’s pretty founder-friendly....
The price of bitcoin keeps trending down. [1] This causes a lot of people to declare the end of bitcoin. It’s important to understand that the default price pressure of the bitcoin ecosystem is down. There are a lot of reasons for this, so I’ll just give a few examples....