Luke Hutchison
@LukeHutchison
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Founder/CEO @perfectvenueco - we help restaurants win in the 21st century ๐
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Joined March 2009
VCs helping close a customer
Dave Portnoy trying to use a hammer has to be one of the funniest things ever.
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NEVER EMAIL A VENUE FOR AVAILABILITY AGAIN We just officially launched the @perfectvenueco Marketplace so you can easily find and book a venue in one place and never need to email a venue for availability again. When I first started Perfect Venue to help people find and book a
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VC is a marketing game before the A and a sales game after
How Garry Tan turned YCโs YouTube into a 70M-view media machine in just 2 years. I cannot believe every VC is sleeping on this ๐งต
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Higher rates -> Higher shelter costs (largest component of CPI) -> Higher inflation https://t.co/5LV1z1aR28
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when VCs roll up their sleeves to help a portfolio company
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Let's goooo!!
1/ MERCURY PERSONAL is finally here! Get all the power of Mercury โ now for your personal account. Up to 5.00% APY savings*, $5M FDIC insurance**, free domestic wires, for a flat $240/yr fee. Get on the waitlist: mercury dot com/personal-banking
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The main reason CPI remains high is bc interest rates are keeping shelter costs high. Not only do high rates increase mortgages, but they also increase the cost of renting due to more demand for renting. The fed should decrease rates to decrease inflation. Graph from Jan.
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Fyre festival for founders ๐คฃ
โOh sweetie no need, I was hired to flirt with the male vendorsโ Today is actually our second attempt at launching Maestro I want to share the wild story of Maestro's first (failed) launch, which involves a paid actress, a $5K con, and a lesson to always sign contracts:
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Finding unexpected upside in doing things that donโt scale! Great work @jaylbird11 and @vimcal team!
Most people don't know this, but we launched @vimcal with 1.5 months of runway left and came within days of dying We prepped one final Hail Mary while also prepping legal docs to shut down But then, a $5K check saved Vimcal Here's the story of how we barely escaped death:
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"..Banks have turned to government bonds, where interest rates have been low for more than a decade. When the yield on the 10-year Treasury note briefly rose to around 1.75 percent in March and April, banks hungry for higher returns rushed to buy.." https://t.co/fe7uay5LoD
nytimes.com
Banks are awash in deposits, and their customers are taking out fewer loans. So they have little choice but to buy up government debt, even if it means skimpy profits.
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These 30 videos are also 10x better than any MBA program if your goal is to start a startup. For example, many MBAs I talk with do not understand the basics of SAFE, which are covered in these videos.
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I have yet to find a better resource for early-stage founders than the YC Startup School 2018 playlist on Youtube. The first published startup school was too philosophical, and the more recent ones have been too tactical + missing top talent. https://t.co/TrOLYp3ywG
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One of the better takes Iโve read on Generative AI so far:
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Reversion ๐ to ๐ the ๐ mean
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Iโm sorry, I simply cannot be cynical about a technology that can accomplish this.
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So true! Probably one of the most common mistakes founders make. Just like sales, itโs all about the process. @ericbahn
New #UncappedNotes episode! As @ericbahn explains in this clip ๐ 80% of a successful fundraise can be attributed to organization! Whether you love or loathe spreadsheets, we are here to help you organize with an investor CRM! Comment, like & subscribe: https://t.co/MEXwMrmocP
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Ben Affleck in 2003 on the future of music and tv streaming services: (4 years before Netflix streaming and 5 years before Spotify launched) https://t.co/iDq8Ms1big
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