This Week in Startups
01:08:38 · D.A. Wallach, Dave McClure, S0
[01:08:38] S2: These eight to the 16 year olds right now in their in their bedrooms who are building all this shit with agents, and they're token maxing, and they're starting companies, and they have no money and no one's permission. [01:08:52] S3: Token max. [01:08:53] S2: These are gonna be the these are going to be the greatest fucking entrepreneurs in human history. These are a these are a different species. Okay? Different species. When you get... When you... You're getting all these automated emails, I'm sure all of you all day, it's from these kids in, you know, Pakistan in their parents' bedroom using clauderware. I don't even know what they're doing. [01:09:12] S0: Yes. [01:09:13] S2: But I can tell you, they're amazing, and they're gonna crush, and Lightspeed has no interest in talking to them. [01:09:19] S0: There it is. The big have gotten too big, folks. This has been another amazing episode of This Week in VC. Lon, let's thank our guests and give them a proper plug.
01:09:19 · S0, Lon Harris, Ben Black
[01:09:19] S0: There it is. The big have gotten too big, folks. This has been another amazing episode of This Week in VC. Lon, let's thank our guests and give them a proper plug. [01:09:31] S1: Thanks to D. A. Wallach. He's the cofounder and general partner of Time BioVentures, a life sciences and health care venture capital firm. D. A. You are amazing. Thanks for being here. Dave McClure, our old friend, managing partner at Practical Venture Capital. They're a firm focused on the venture's secondary market. There it is on your screen. And Ben Black, the cofounder and managing director of Akkadian Ventures, a firm that invests in venture secretary sec... Secondaries and runs, SPVs. He's also the chief investment officer of Powerlaw Corp, the closed end fund that trades on Nasdaq as PWRL. Thanks to Ben and our entire panel for being here. [01:10:09] S0: Alright. Well done, everybody. [01:10:10] S4: Thanks for having me.
01:10:11 · S0
[01:10:11] S0: And if you could all do me one favor, Lon, pull up this week in Startups, Substack here. We have a little announcement. Lon and I have been working in the laboratory. We have a little announcement here. We looked at our email newsletters. We looked at all the newsletters out there in the world, D. A. And we said from first principles, what do our founders need? And we listen to them, we make a 100 investments a year, we have a couple of programs and they always say the same thing to us. We need money and we need very tactical advice. They say, well, what do you need the tactical advice on? They say hiring, growth, product market fit, etcetera. So we said, okay, we can help with that. We have products for introducing them to investors. So now twice a week, a 100 times a year, we are in a competition to find the best tactical and practical applications. And we're making newsletters out of them, but we also do these events live. And we're trying to hire two full time writers to help with this effort. Twistartups.substack.com. Twistartups.substack.com. We charge a $100 a year for this. Why do we charge a $100 a year? We're arms dealers at this point, Yeah. You know, if one founder has this information, then the other ones don't. And so you put a $100 into the kitty, it's gonna go up to $2.50 at some point. But we're just hoping to get a thousand people to subscribe to this for a $100 each, and then keep us honest. Hit reply and tell us it sucks or it's great. And the goal here is just to make it sustainable, not looking to make a killing on these, but we want to have enough that we have two or three smart people working on getting this important information to our portfolio companies and the thousand people who join us to subscribe to this newsletter. That's my little mini plug, D. A. Mini plug. Can you give D. A. A complimentary subscription, please? Please. And then he'll give me con... He'll give me...
01:12:07 · D.A. Wallach, S0, Lon Harris
[01:12:07] S2: Oh, what about Dave and Ben? [01:12:09] S0: No. Want to pay. I want them to pay specifically. I want their credit card number so I can upsell them. No. No. You can give it to all [01:12:15] S1: email in any of the chats, and I will add you for free. [01:12:18] S0: You you figure it out. Don't make them work. Go find their emails. [01:12:20] S1: Come on. I'll I'll [01:12:21] S0: figure Great job, everybody. We'll see you next time. Bye bye.