Jeff Richards
@jrichlive
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Venture capitalist @notablecap, 2X founder, 4X dad, praying for @Dartmouth 🏀 return to Final Four *not investment advice *wrong often 🤞
Bay Area, CA
Joined September 2010
A giant market pullback in the 1st inning of a major technology industry shift (AI) is an incredible gift. No one can predict "bottom," but long term undeniably attractive. 🤞.
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RT @IlirSela: Help people keep more of their pizza and put more $ in the pockets of family pizza shops by sharing this important message….
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RT @KobeissiLetter: This has been one of the best earnings seasons in years:. ~63% of the S&P 500 companies have beat earnings expectations….
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The operating velocity of AI native cos vs "pre GPT" cos is palpable. Not just lower headcount, but output across the org is far higher -> product, marketing, sales, etc. Predominantly in office as well = force multiplier. Mega shift + extremely hard for legacy cos to adjust.
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All eyes on AI (deserved), but not enough on the exceptional growth happening at consumer-focused "pre-GPT" companies like DoorDash, Toast, Shopify, Duolingo, Carvana, etc. Investors lost faith in '22, rode out years of "recession!" headlines, & have been richly rewarded since.
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Should also mention Step 1(b).
Good morning. Annual PSA for personal investors: If you haven’t read Psychology of Money by @morganhousel, do so. Will help you block out a lot of bad advice and noise, and make you much happier over the long run. 🤞
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Two step process here - 1) encourage kids to get a job as early as possible, 2) help them invest the $ they earn. My kids are almost entirely in QQQ, but also own names they love like ShakeShack, Amazon, Uber, etc and are blown away by their $ "working for them." 😊🤞.
Realize we didn’t cut new ground here but one of our better parenting moves was having our kids get a service / restaurant job in 10th grade. Confidence building, people skills, $ skills, etc. so so valuable.
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“My biggest advice is…you need to look at least 12 months out. If you’re just trying to iterate, you’re not going to grow fast.”. Good listen for founders/CEOs looking to understand how an experienced CRO thinks about scaling GTM. @databricks CRO Ron Gabrisko w/@HarryStebbings
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RT @notablecap: Last week, we capped off this summer’s NextGen AI Fellowship cohort with our 1st-ever Pitch Day event!. Fellows delivered 2….
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If you are a QQQ shareholder, 51% of your investment is allocated to just ten companies. You can view this as a feature or a bug. But your investment is up over 5X in 10 years and 10X in 15 years. Past performance is no guarantee of future results. 🤞
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"AI is a bubble". Perhaps they know something you don't know. 😳.
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Always wild to see analyst PTs chase results. $RBLX went from $61 to $130 Jan 12 -> today 😳
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@Downtown this is the trend. 🤞
Today 87% of US companies with >$100M in revenue are private, while 13% are public. The growth of private market investing over the years (source: Morgan Stanley research):
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