Pranav Singhvi
@pranavsinghvi
Followers
355
Following
140
Media
7
Statuses
652
Joined August 2009
Giving up a piece of your company forever to acquire a customer once doesn’t make sense. You don’t have to anymore. https://t.co/3PEGRzAj01
generalcatalyst.com
1
4
27
@TheEthanDing The challenge with most debt is that fixed repayment schedules + recourse is a dangerous combination. The return on CAC is predictable but not assured. If you borrow money to spend on S&M and the cohorts you acquire don’t perform as you expect, you may owe the lender money you
2
2
28
This is less a commentary on Harvey and more a commentary on the general phenomenon of best-in-class growth companies raising successive rounds at higher and higher valuations: most of these financings make no sense. Growth equity capital is very expensive. “Dilution is low” is
Private markets are the new public markets. It's notable that in many of these rounds, companies are only selling 2-3%, and it's likely secondary. These rounds aren't really fundraising," they are valuation signaling and liquidity. Deep pools of private capital are desperate
13
15
223
We’re delighted to share that we’ve secured $280 million in strategic capital from @generalcatalyst's Customer Value Fund (CVF) to help power our next stage of growth! 💜 Read more in Reuters: https://t.co/d89D4jYpyz
0
4
20
CVF is the most unique financial offering GC has. With CVF a post PMF company can scale growth massively without using its own cash for CAC. It's now used by fast growing startups like @chainguard_dev, @openphone (Quo), @grammarly, and even public cos like @Lemonade_Inc
.@chainguard_dev is redefining how the world uses open source software by delivering secure, production-ready builds that help engineering teams build faster, stay compliant, and eliminate risk. Our Customer Value Fund (CVF) has invested $280M to accelerate Chainguard's expansion
1
3
22
You might hate what I have to say, that doesn’t make it wrong. Venture equity dollars are allocated on a relative basis. 3/3/2/2 are not the fastest growth assets today. That’s just the truth. That doesn’t mean 3/3/2/2 are bad companies, they’re just not venture equity relevant
"Triple, triple, double, double is dead. Going from $1M to $3M to $9M is not interesting. You have to go $1M to $15M to $100M." @chetanp @honam @rabois @jasonlk @bdeeter @ttunguz is triple triple double double dead? Have our growth expectations changed forever?
50
30
384
People and product. Folks at @Underdog are no doubt sick and tired of hearing me say it, but now I've got a few new to say it to. Psyched to be able to add Rishi as CFO and Kimberly as CMO to team Underdog. https://t.co/azEUJoZeyB
reuters.com
Sports gaming company Underdog said on Tuesday it has hired new finance and marketing chiefs, bolstering its leadership days after it rolled out event contracts for wagering on sporting leagues.
0
1
21
VC: my investment is up 10x Me: nice, so you made a 10x? VC: no, I made a 3x Me: …how? VC: my price per share only went up by 3x, even though the company valuation is up 10x Me: 😂😂
0
0
2
1/ @serenawilliams is our newest ambassador at @Ro. She’s sharing her weight loss story to inspire others. She has more willpower than most people on the planet and is the perfect example that weight is not just a matter of “diet and exercise”.
220
61
624
If mediocre heuristics drive the business, the business will be mediocre
0
0
3
Board member: our companies avoid non equity capital Me: cool, why? Board member: it creates interest expense which reduces rule of 40 Me: not how it works, but what about the equity cost? Board member: equity cost does not hurt rule of 40 Me: 😂🤦♂️🤷♂️
3
0
8
Yes.
the future of venture is forming capital around special people/company/situations and not forcing people/companies into pre-existing capital structures. we've limited both the scope and scale of outcomes by limiting the world to brain-dead cash/equity trades
0
0
3
That so many VC types think the CVF is RBF shows they don’t read (CVF product details are public) and have no idea what financial statements are or how they work; RBF is the worst possible capital product for a company and CVF is one of the greatest innovations in tech finance
This isn't equity. It's from GC’s Customer Value Fund: non-dilutive, revenue-based financing... like a Mr. Wonderful deal: they get a cut of revenue until a cap is hit. Can be better than equity for funding CAC if you’ve got a proven payback model and you don’t want to dilute.
1
1
4
GC’s CVF is an incredible product when you have predictable cohorts
This isn't equity. It's from GC’s Customer Value Fund: non-dilutive, revenue-based financing... like a Mr. Wonderful deal: they get a cut of revenue until a cap is hit. Can be better than equity for funding CAC if you’ve got a proven payback model and you don’t want to dilute.
1
1
6
In finance, leverage is not the sin. It’s non duration matched leverage that is the sin.
0
0
2
We don’t have a DPI problem in venture, we have an asset liability mismatch problem. Companies (asset) need way more than 7-10 years to get liquid. It takes time to build something lasting, on average. Venture money (liability) needs to be liquid in 7-10 years per their fund
0
2
3
Company: our CAC paybacks are down, we’re crushing it Me: nice, how did you do that? Company: we reduced growth rate and CAC spend Me: 🤦♂️ Killing growth to show “shorter paybacks” is not just short sighted, it’s mathematically stupid.
0
1
4
Today, I'm excited to launch Arrakis: an open-source and self-hostable sandboxing service designed to let AI Agents execute code and operate a GUI securely. GitHub: https://t.co/BXuzxWEJxE Watch Claude code a live Google Docs clone using Arrakis. Having a VM sets it free -🧵
15
87
521
Public company: we’re very excited to share we have reduced interest expense Me: nice, better terms? Public company: no, we reduced our principal balance Me: …and replaced it with? Public company: our own cash/equity 🤦♂️😂
0
0
1