A founder today asked me "how early do you invest?" Early stage VC funds can invest:. Pre-Hockey Stick ("not early").Pre-Revenue ("early").Pre-Product ("really early").Pre-Powerpoint ("crazy early"). We are crazy early investors @DecibelVC - there is no such thing as "too early".

RT @jesslionness: OpenAI: launches GPT-5 with unified routing Reddit: we hate it bring back 4o!! OpenAI: ok fine. Reddit: yay! OpenAI: . ….

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RT @swyx: watch me realize in realtime that @gdb is deadly serious about character-level tokenization and it's already working well for @pd….

RT @staceywueste: My fave Black Hat moment? Finding @hdmoore ⁢👀, founder/CEO of @runZeroInc, giving demos and engaging with customers in th….

(4/4) Casey is back after his open heart surgery last year, and reminds us all that we need to find time to fix our internal bugs to avoid catastrophic issues. Enjoy the show: .

(3/4) This made NO sense and Bugcrowd was one of the first to allow companies and governments to pay hackers for responsibly disclosing what they find. Today over $1 B a year is paid out to many tens of thousands of hackers every year, and many cybersecurity founders have used.

(2/4) Casey is a hero in the world of security research and created the first open marketplace for vulnerability disclosure. Many years ago it was illegal for responsible hackers to openly disclose that they had found bugs in software. Criminal hackers were financially motivated.

(1/4) Every so often a founder tells a story about life or death in their startup that sends a broader message for us all. My friend Casey Ellis (@caseyjohnellis), founder of BugCrowd (@Bugcrowd), shared his life story and recent near death experience on our latest podcast:

RT @FanaHOVA: Just 3 guys that love koding @swyx @gdb

RT @theinformation: .@jonsakoda, founding partner @decibelvc on dry powder and VC funding trends. “Dollars in, minus dollars out is effec….

RT @nmasc_: Catch me on TITV in ~15 minutes talking VC dry powder & the AI deal rush w/ @akashpasricha & @jonsakoda . 📹Link to tune here: h….

Thank you @nmasc_ @theinformation for covering our dry powder analysis today: .

(6/6) Conventional Wisdom Does NOT Apply: we are seeing signs of success using both extremely large and relatively small amounts of capital. These strategies could not be more different but offer new possibilities for founders. We profile these options here:.

(5/6) Go Big, Go Lean, or Go Home? Founders and VCs today are wrestling with two different narratives on the path forward. Should we raise a mega round and blitzscale our market? Or leverage AI for efficiency gains? Should a short term plan call for $3 M, $100 M, or $1 B?.

(4/6) How long can we keep funding AI? When “dollars in” are well below “dollars out”, something has to change. The dry powder in the industry is expected to reach new lows within the next 12 months at current pace

(3/6) VC fundraising is NOT keeping up - pace is at record highs, new funds are at record lows. LPs are now sitting on over $1 trillion in historic VC investments and have endured a prolonged period of illiquidity

(2/6) VC’s Have Gone “All-In” on AI - 60% of all VC dollars go to AI and have expanded our definition of “growth at all costs”. This has led to a unique supercycle of capital intensity setting new records in 2025

(1/6) Is AI eating venture capital? Investments are at all time highs, but VC fundraising is hitting new lows, How much longer can the party last?

RT @nmasc_: Happy Monday! Here's a window into how busy VC summer has been: .

RT @jesslionness: We’re celebrating one-shot web apps when we could be curing diseases.The rest of the rant’s in the comments ↓ https://t.c….

It was great to take a break from the 109 degree weather at Black Hat in the Decibel Founder "Oasis" this year. This is always one of my favorite events that gives the founder community a chance to refresh and reconnect IRL. Our industry is often running at a fast and furious