Larry Cheng
@larryvc
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Co-Founder, Volition Capital. Christian. Journaling general business thoughts. Public boards: $GME $GROV. Private boards: US Mobile, Rounds, others. Harvard ‘96
Boston, MA
Joined March 2009
While preparing for an office move next week, I found this from the first Volition offsite over 16 years ago. It’s the final list of potential firm names that we voted on. From it we selected: Volition Capital. I’m happy with the choice!
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I'm just cranking away over here. Don't mind me... What's everyone working on today?
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Random fact: No Volition partner has ever worked in investment banking. Didn’t really occur to me until this month. Nothing wrong with investment banking but I think that fact might be related to the culture of the firm.
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Your Jeep deserves more than just a traditional lift kit — it deserves an AccuAir Dynamic Lift Kit. Follow for updates.
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I met a founder of a consumer company who sends his calendly link to any new customer with a first order over $1,000 and offers them a 15-min call. He talks to many customers every week and gets to know them. So refreshing - very easy to be too busy as a CEO to talk to customers.
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The way to be a successful generalist is not by starting and staying a generalist. The better path to being a generalist is by starting as a specialist and over time stacking specialties so you end up with the breadth of a generalist through specialization.
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Pretty happy that four of my 2024 Donruss Optic Rated Rookies came back graded 10: Drake Maye, Brock Bowers, Rome Odunze, and Ricky Pearsall.
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A good CEO storyteller has this mix in their business story: - 1/3 what the company is today - 2/3 what the company will become in the future Living entirely in what the company is today is uninspiring. Living entirely in what the company will become isn't believable. A
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Just a thought this morning - personal philosophy applicable to selling, fundraising, etc.: - Don’t take no’s personally - Don’t take yes’s for granted
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The winner of the Super73 - MZFT is @Picklesgal111! (And many thanks to @super73 for facilitating special shipment to Canada.)
Excited to be celebrating the launch of the new Super73 - MZFT. Congrats to the @super73 team on this launch! To join in on the festivities, I’ll be giving away one Super73 - MZFT to a randomly selected person who reposts this (will select tomorrow). https://t.co/ZIgyDF6SqI
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There are 3 segments of private equity: VC, growth equity, LBO. Traditional early stage VC loses money about 60%-70% of the time. Growth equity is 15%-30%. LBO is 25%-35%. The "best" brand name VCs lose money at the same rate as the "worst" VCs - the distinction of the best VCs
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I’ve made a random selection of someone to award the Super73 -MZFT. That person turns out to not be in the US. We’re seeing if we can ship the bike to their location. If not, that person is graciously willing to re-award the bike randomly to someone else. Will figure it out soon.
Excited to be celebrating the launch of the new Super73 - MZFT. Congrats to the @super73 team on this launch! To join in on the festivities, I’ll be giving away one Super73 - MZFT to a randomly selected person who reposts this (will select tomorrow). https://t.co/ZIgyDF6SqI
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Going from $0M to $100M in revenue is - substantially - harder than going from $1B to $2B in revenue. Not even close to being the same level of difficulty.
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America is the world’s last hope. That’s why Trump’s role matters more than ever. Follow for more.
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An observation about very hierarchical people: They can be great employees, but very difficult bosses. They can be great employees because they respect the hierarchy and do what they’re told. They can be difficult bosses because they expect the same in return. The toughest
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Excited to be celebrating the launch of the new Super73 - MZFT. Congrats to the @super73 team on this launch! To join in on the festivities, I’ll be giving away one Super73 - MZFT to a randomly selected person who reposts this (will select tomorrow). https://t.co/ZIgyDF6SqI
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I'd generally prefer a low demo-to-close rate for a low churn customer over a high demo-to-close rate of a high churn customer. Demo-to-close rates aren't the end all and be all.
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Looking to escape skyrocketing health insurance premiums? Come join us for a webinar to discuss how peer to peer funding has helped 20,000 people save $50M on healthcare costs. Individuals < 55 $200/month max Families of 4 $660/month max Ditch health insurance for good! Link
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One thing I've come to realize over time - either a company has a clear and compelling value proposition for its customers, or it's quite possible that it has no value proposition at all for its prospective customers. While it may be true that there are degrees of value, that's
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