Chris Fralic
@chrisfralic
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Board Partner @FirstRound. Tech historian/futurist. Student of business. Teacher. Collector. Producer. Among first 100 on Twitter; will be last 100 on X.
Joined June 2006
Whatever happens - we all have to deal with it; we are all in this together 🇺🇸.
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“If you want to work from home, that’s fine - you can work somewhere else. I work from home - on Saturdays and Sundays”. Jamie Dimon.CEO of JPMorgan Chase
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13 years ago today I took a picture of a car with no license plate in a Cupertino office parking lot
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Once upon a time Packard Bell made a thing called a Corner Computer. To go in the corner.
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Idea: Congress sits together alphabetically by name or state instead of separated by party
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Roblox reported full year 2022 revenue of $2.2B and bookings of $2.9B, burned almost no cash, usage was 49B hours and averaged 56M daily active users. The first analyst question on the earnings call:. "Everybody is talking about ChatGPT, how does this technology accelerate
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“If Nike announced that they were opening a hotel, you’d have a good guess what it would be like. If Hyatt said that they were going to start making shoes, you would have NO IDEA WHATSOEVER what those shoes would be like. Because Nike owns a brand and Hyatt owns real estate. ”.
The elegance of nothing
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The first commercial flight happened 11 years later, and the first transatlantic flight 22 years later. We landed on the moon only 66 years later - all in one lifetime.
On this day in 1903: Wright brothers file their patent for a flying machine
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Narrator: 23 years later eBay has the same $25B market cap while Amazon’s $22B market cap has risen almost 50X.
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First day speakers. JD Vance.Kirsten Sinema.Bari Weiss.Adyen CEO.Sergey Brin.Palo Alto Networks CEO.Waymo CEO .Peter Thiel.Megyn Kelly.Elon Musk.
Is there another conference that can sell out at full price without announcing the speakers until 2 days before it starts? That’s pretty much the definition of a brand.
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“Never check a bag. Never, ever, never. And under-pack. Every town has laundromats. And stores.”
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They sent it to Marissa Mayer at Yahoo! - she hasn’t been there since 2017.
11 House Republicans send letters to 13 telecom companies vowing to "pursue all legal remedies" if they comply with the Jan. 6 committee's records request. "Please be advised that the undersigned do not consent to the release of confidential call records or data," it concludes.
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Happy Birthday Macintosh - holding up well after 37 years
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My mobile conversion rates from an item in the shopping cart to checkout is:. Apple Pay 100%. PayPal 98%. Type in your name and address and credit card number 10%.
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“There are almost no IPOs. There were more IPO’s during the depths of the financial crises and the aftermath of the Internet bubble than there were over the last few years.”. Thomas Laffont, Coatue
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1 year ago @jack gave 1/4 of his Square equity towards charity and is transparently sharing on a Google Doc how he’s donating it ($373M so far). And way back in 2015 he gave 1/3 of his Twitter equity (1% of $TWTR) in back to employees.
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The best TEDTalk I've seen in years was at the @allinsummit this week. "2,851 Miles" from @bgurley on Regulatory Capture
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If you zoom in the fly is skateboard drinking Ocean Spray and singing Fleetwood Mac.
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I just cancelled my @WSJ subscription after being a reader and subscriber for 39 years. Because they don't recognize me across my phone or tablet and force me to log in every time. The app works but links from Twitter or elsewhere don't open the app or deep link. Bye Bye.
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I sent an email with product feedback to the CEO of Audible in 1998. He sent it back to me 22 years later.
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Lots of talk of CEOs more concerned with themselves than employees/investors. A CEO I worked with sold the company and the first number he shared with me was they created 36 millionaire employees. He tracked down the widow of an early angel investor about to lose her house. 👍.
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With their Direct Listing on @NYSE, today @Roblox becomes $RBLX . Grateful for 13+ years of knowing and partnering with @DavidBaszucki & the team. From how @firstround almost missed out before investing in 2009, to their "slow bake" growth journey, here's some of that story.
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Sequoia’s first fund was $7M. Kleiner Perkins’ first fund was $8M.
Venture capital in the 90s was wild. Good funds had triple digit IRRs
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I'm biased, but this is a masterclass on venture capital
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The Arpanet Directory from December 1979 is 300 pages long and lists every person, organization and host computer on what would later become the Internet.
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Nailing An Email Introduction, the graphic- I couldn't have said it better myself http://t.co/r7koZFf404 Thx @jesch30
http://t.co/Ep6zjU0DEd.
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“Just a hobby, won’t be big and professional…” . 30 years ago today @Linus__Torvalds posted a message to a newsgroup about his new free OS project that turned into #Linux
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@firstround's investments in Roblox, Square and Uber were in the same fund, but their journeys looked very different. Roblox was more of a slow bake—and a reminder of the importance of patience in company building. My partner @joshk made this slide, which captures it well:
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Not your typical CNBC Squawk Alley guest - @Roblox game developer and content creator @MeganPlays
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It was today on November 29, 1972 and Atari releases Pong, the first commercially successful video game.
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Christmas Eve 2008: Tesla had shipped 50 cars, SpaceX had 1 successful launch after 3 failures and both co’s were on the edge of bankruptcy. The 2015 book is even better the second read with real insight on the greatest entrepreneur of our generation pre Twitter misadventure.
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How about:. Universal background checks . Close the gun show loophole. No cross-state conceal carry . Make bump stocks illegal. Automate the paper-based ATF National Gun Trace Center
Five years after Newtown, no easy answers in gun debate
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Wow. 20% Of Harvard’s First-Year Class Has Deferred, and only 25% choosing to live on campus. At Harvard.
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Art is everywhere. Amy Winehouse graffiti, Trenton NJ train tracks.
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Someone emailed me an idea they said was “the Quibi of. ” . I called him on it, and he said it was just to be sure I read the email.
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In 1906 Sears Roebuck & Co. had a 1200 page catalog that sold virtually any product a customer could imagine. Almost a century before Amazon, they shipped via mail order with money back guarantees, and even offered profit sharing which was an early version an affiliate program.
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Local company provides seat cushions for the 1985 Super Bowl at Stanford Stadium
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One of my favorite Internet artifacts - the printed directory of all ARPANET users as of December 1979
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The evolution of Twitter over 6,923 days
I would like to reiterate Ukraine’s commitment to peace. None of us wants an endless war. Ukraine is ready to come to the negotiating table as soon as possible to bring lasting peace closer. Nobody wants peace more than Ukrainians. My team and I stand ready to work under.
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I’m hearing disturbing rumors that some people keep their iPhone Box
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The Strand Bookstore is open online and I ordered a couple items from my favorite section there, Rare Books. In NYC they're open from 11AM to 8PM, and if you buy a $250 gift card you can get a private 30 minute Rare Book Room tour. #SaveTheStrand.
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The first message I got from Tesla about my Cybertruck reservation is an offer to buy a different model. 1,479 days after the initial deposit.
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Is there another conference that can sell out at full price without announcing the speakers until 2 days before it starts? That’s pretty much the definition of a brand.
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Gates helping fund the building of 7 vaccine factories in parallel, even though likely only 2 will work; can’t waste the time for them to be done serially.
“We can save months, and every month counts.” @BillGates and Trevor discuss combating coronavirus tonight at 11/10c
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"Opensea does the blue check. Opensea, the main NFT marketplace, has had so many scams and frauds that it’s adding a verification system. The irony, of course is that a third-party making judgments about what’s allowed is exactly what web3 was supposed to remove" @benedictevans.
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Name an app that sends more notifications than CH. I’ll wait.
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Today in 1955 Steve Jobs was born. This is a 1984 Mac 128 booting up.
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Madison Square Garden. Taken on an iPhone X with no headphone jack
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Apple Vision Pro initial feedback. For context I’ve been using Apple products for 40 years and sold them for a decade starting in 1984. I’ve been tracking VR since the ‘90s and have owned most every commercial VR / AR headset ever made. Apple did a phenomenal job with this.
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The greatest roadside billboard ever might be on the NJ Turnpike heading north
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Remember The Fallen:. Civil War 498,332.WW I 116,516.WW II 405,399.Korea 36,574.Vietnam 58,220.Iraq 4,476.Afghanistan 2,185.
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There used to be be a “Do It” button on the early Mac, but users thought it read “Dolt” and never wanted to click that, and they all hit “Cancel” instead. They decided change the button name back to “OK”. Bill Atkinson (Macintosh, MacPaint, QuickDraw, General Magic).
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Sequoia has distributed $43 Billion to its LPs over the last 5 years. More than 25% of the overall market capitalization of the Nasdaq is composed of Sequoia-backed companies.
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Your brand is what people say about you when you're not in the room. It's their first reaction when they see an email from you in their inbox. You build that brand - or not - with every interaction.
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Announcement ✨. I'm launching a cohort-based course on "Building Relationships That Last A Career and Start With An Email." . It's about the big picture of intentionally building your reputation over time.
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When I was your age, software came in boxes. And we needed a video guide with the cast of 'Friends' to learn it! http://t.co/vrvXqagwdW.
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Before disk drives, PC software often loaded from cassettes - in 1978 Apple sold this Starwars game on one side with Startrek on the other.
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RIP Franco Harris - his immaculate reception from 50 years ago is forever captured at the Pittsburgh International Airport.
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I love getting to a 9AM meeting on time in NYC from Philly and the other person who lives here is running 5 minutes late.
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Related CEO on NYC apartment rental market since COVID “we went from 98% occupancy down to 82% and giving away up to 3 months free rent. Now we’re back to 99% and no free rent.”
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Hey Google, what’s something we should have done 9 years ago?
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Mosaic Netscape 0.9 released on Oct 13, 1994. 4 months later it had 75% market share. 15 months later @pmarca was on the cover of TIME.
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