John Francis
@hermitvc
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Partner @stoutstreetvc , views are personal, invest in pre seed and seed stage startups in US and Canada, building the startup community @ @unmetconference
Joined November 2021
I'm excited to share a whitepaper discussing a new framework to help startup founders and early stage investors and angels make sense of all the VC industry reports and drive actionable insights. Read the full white paper here .
lnkd.in
This link will take you to a page that’s not on LinkedIn
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RT @DarrelFrater: We're back at it again! February 8, 2024, Mark your calendars for VC Day - OKC!. For one day, co-work with VCs in the OKC….
luma.com
For one day, co-work with VCs in your ecosystem! VC Day - OKC is an open event for VCs, LPs, and Founders interested in networking within a casual setting. The…
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RT @DarrelFrater: Thank you everyone for making VC Day - Tulsa a huge success!. We appreciate our sponsors @regentbank, @GableGotwals, and….
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Agree! also in LI people are too politically correct to drive any real insight.
I see a lot of people on my TL complaining about Twitter/X reach lately saying Linkedin has been better. It doesn't seem like the case for me and I have more "Followers" in LI then I do on X. Twitter is still the best platform to connect with founders IMO.
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RT @jordantwestecom: Sorry. is this even legal? . You HAVE to book a call to cancel? . I love this company - we just aren't using the ser….
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Everyone wants to be an VC industry expert quoting datasets from angelist, carta and other services driven sources without acknowledging most of these datasets are a subset , incomplete and mostly just BS . Even the best data sources in VC are mostly self reported and lack.
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RT @hermitvc: @heylizelle Yeah, to be fair the money in VC has always found comfort in a herd. The redundancy isn’t just with startups idea….
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Finally truth! Using venture capital as a weapon to kill competition isn’t news to us in the industry, what adds insult to the injury is that few Large VC funds backed by largely publicly funded inst. LPs are blatantly using predatory pricing strategies to kill competition, while.
A new paper titled "Venture Predation" argues the classic Silicon Valley model of venture capital is "anticapitalist. It's illegal. And it should be aggressively prosecuted, to promote free and fair competition in the marketplace," reports Adam Rogers.
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RT @hermitvc: Feel it’s just the beginning, the current state of industry is reminiscent of a pre-regulation oil industry & with the curren….
nytimes.com
Recent charges, convictions and sentences all indicate that the start-up world’s habit of playing fast and loose with the truth actually has consequences.
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RT @hermitvc: @Zecca_Lehn @bryce The issue stems from "redlining in VC" where institutional LPs impose arbitrary and unscientific barriers,….
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Great success story*.Key questions as an investor though are.1. How repeatable is this for a fund?.2. Isn’t propagating a warm intro culture toxic?.3. Would a BIPOC or women founder with no VC connections pull this off? . *assuming but still a lot to be proven.
On March 7, 2022 I received an email from a founder/angel investor that read "just met these guys. building Honey 2.0. blew my mind". Got an intro. The team says they are open to chatting but only have a tiny bit of a room left for strategics. We met the next day. Committed on.
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When hearing over generalized statements or long Twitter/LinkedIn threads that are blatantly false, please understand stupidity is contagious and evil, it’s up to you to challenge it, question the assumptions and showcase contradictions.
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An awesome read for anyone trying to disrupt their industry.
bigthink.com
Bonhoeffer's "theory of stupidity" posits that we have more to fear from stupidity than evil. The latter is easier to defeat than the former.
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I’m not advocating it, it’s just an observation, maybe being naive and ignorant has its benefits with little down side risk.
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Maybe the easy path to succeeding in VC is just following the crowd and agreeing to all the crazy ideas without questioning them.
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The main reason the VC industry has a diversity problem is because of the lack of leadership and imagination from the institutional LPs, and opaque decision making processes that are built into every level of this industry, but wait that’s not in this report. Instead it Feels
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. a highly Govt enmeshed and public funded industry with few major winners contributing to the production of any value, if you are wondering why is this bad? Consider why Govts. all over the globe are reluctant to reducing fossil fuel use even when there are better solutions.
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