venturecapital

Your input and/or elevation is appreciated. 🙏

Building something new. Host: /venturecapital /adventures /theitinerant

Roughly 10% (around 3-4) of the founders of my 30+ angel investments send quarterly updates that are meaningful and thoughtful.

Another 30-40% send less frequent updates, but are ok.

The ones that drive me really crazy though are the ones that only send updates when they are about to try to raise a bridge.

perpetual learner • curious builder • art lover | bazvault.eth | barrycollier.com | hosting /baz /givingflowers

At pre-seed, pre-revenue or pre-prod style startups, I personally don’t care for an update unless it’s notable 6mo/1yr.

merging pull requests /koda
| operating network state /subwork
| investing as an angel or LP
| yangwao.twitter

My philosophy is that the updates are not for the investors.

The best founders I know are the ones that use these updates as a forcing function to think critically and objectively about the health and direction of their business.

As an investor, that's all I hope to see. I'm not there to micromanage their choices.

Yeah, I can understand that, but I think it’s a missed opportunity for them to think critically and reflect. It’s too easy to churn and burn for a year and then wonder what happened.

I tried to clarify my reasoning here.

Husband. Foodie. Ex Antennae Ventures. Dog lover!

Agreed- I like this reasoning. 

If you guys are looking for angel opportunities in crypto, DM me. 

I've got a few incredibly talented founders who are not pre-rev or pre-prod. All solid projects!

Yeah, I can understand that, but I think it’s a missed opportunity for them to think critically and reflect. It’s too easy to churn and burn for a year and then wonder what happened.

I tried to clarify my reasoning here.

https://warpcast.com/barrycollier/0x768a8304