Wiz ๐จโ๐
@WizLikeWizard
Followers
22,619
Following
5,964
Media
1,740
Statuses
14,418
๐ Moonshot VC @Spacecadet โฆ Investing in Spacecadets & helping share their story. 2x Founder. Techno-Optimist. Sometimes Chef. Son of immigrants. ๐จ๐ฆ
Silicon Valley
Joined April 2009
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Madrid
• 1806471 Tweets
Bayern
• 679288 Tweets
Joselu
• 363267 Tweets
Vini
• 160240 Tweets
Luka
• 82221 Tweets
#SalvemOCavaloDeCanoas
• 69721 Tweets
FURIA ES GRAN HERMANO
• 69168 Tweets
Steve Albini
• 69134 Tweets
Joker
• 54105 Tweets
Jokic
• 49562 Tweets
Hugo
• 41912 Tweets
Shai
• 40281 Tweets
Luciano
• 34507 Tweets
Brunson
• 32015 Tweets
Venus
• 29371 Tweets
Shaq
• 28345 Tweets
DPVAT
• 24074 Tweets
ใขใคในใฏใชใผใ ใฎๆฅ
• 22937 Tweets
Pacers
• 22699 Tweets
#AEWDynamite
• 20241 Tweets
twenty one pilots
• 19559 Tweets
ใใกใฅใใใ
• 17447 Tweets
ใใซ้ฃใใใคในใญ
• 13145 Tweets
Panthers
• 12064 Tweets
Lema
• 11189 Tweets
Pinned Tweet
Our $15M Pre/Seed fund is OFFICIALLY CLOSED ๐
Most VCs just invest.
We share stories that transform tomorrow.
Hereโs ours ๐ฌ
70
47
762
After my startup got acquired last year, I was totally lost on what to do next. I didnโt want to start another company but my skills as a founder didnโt really feel transferable into a job ๐
So, I started studying for the GMAT to get an MBA ๐ฅด
Spoiler: it was a bad idea. ๐งต๐
52
141
917
The worst version of a fundraising ask is โwe need $3M to give us 24 months of runwayโ.
The best version is โwe need $3M to accomplish these 3 critical projects we have planned that will take us from X users/revenue to 5x in 18 months.
We need these 4 new positions to pull itโฆ
26
72
876
Founders: if youโre going to spend years++ of your life eating glass, make it worth it. Build something transformational.
We donโt need more incremental ideas.
We donโt need the 86th dating app, or the 43rd Notion, or 100th Neobank.
Change the world. Build a Better Future.
83
128
840
Perfect Pre-Seed Round:
๐ฐ $1.25M on $6M Post SAFE.
๐ฅ$600K from great Pre-Seed lead
๐ฅ$500K from two value add/strategic micro-funds
๐ฅ $150K from 5-10 operator Angels
Hereโs how to do it ๐๐งต
45
85
846
Those who have read
@JamesClear
's Atomic Habits:
What environmental cues have you added (or removed) in your life?
E.x. leaving your guitar out and accessible in your living room to encourage practicing more
139
81
803
Raising a first fund is an incredibly hard & opaque process ๐ฅต
We asked 22 top emerging fund managers (Harry Stebbings, Turner Novak, Jeff Morris Jr, Ryan Hoover, etc) for their biggest shareable secret to raising a new fund ๐งต
24
98
698
โ ๏ธ
#1
mistake founders make is simply talking to the wrong investors.
Huge lists of 1,000+ are unhelpful IMO. I struggled to parse them when I was a founder ๐ฑ
Most important part of fundraising is finding the right investors for your company AND stage.
Top 10 Pre-Seed ๐
34
116
680
Perfect Seed Round:
๐ฐ $3M on $15M Post SAFE.
๐ฅ$2M from great Seed lead
๐ฅ$750K from 2-3 value add/strategic micro-funds
๐ฅ $250K from 5-10 operator Angels
Hereโs how to do it ๐๐งต
34
63
669
Just signed and wired for our first investment of the year!
2:18PM: Founder cold DMed me last Friday
2:22PM: I replied
2:34PM: He emailed deck
2:48PM: We got on a Zoom
5:21PM Saturday: Emailed him a commitment
Wired today.
2023 is going to be one hell of a year ๐จโ๐
47
21
591
It's the 30 Year Anniversary of Magic the Gathering ๐
So we transformed 30+ Tech Titans into Magic cards ๐ช
See them all below ๐
111
61
506
Buenos Aires is great to visit this time of year! Warm, beautiful, and cheap!
- $90 Dinner for 7 at v chic spot with wine and cocktails
- $10 One hour Uber
- $5 Haircut at vibey barbershop
- $2 Wash and fold
- $1.30 Cortado at great coffee shop
Makes SF prices feel insane
44
7
489
You're in her DMs. I'm on her cap table. We're not the same. ๐ผ
28
35
467
Signed another $1M LP yesterday so weโre now full!! ๐ฅณ
Our first LP call was Oct 5 which means we raised our $6M Pre/Seed fund in less than 2.5 months โบ๏ธ
Here's how to raise a fund in 10 weeks ๐งต
32
37
459
Me: Thinking about raising a $5-10MM first fund.
Immigrant Dad: Why not $100MM??
๐
16
9
422
One of our affected founders signed off their email with:
"As always, I remain completely unfazed by the incomprehensibly wacky shit that gets thrown at us as a growing startup. We'll make it through this."
Spacecadets ๐จโ๐๐
12
22
393
VCs be like โI loovvveeee investing in weird stuff!!โ
And then invest their whole fund in boring ass SaaS lol
48
18
392
Hereโs a curated list of the Top 36 Seed investors who are actively leading rounds.
If youโre raising a Seed, these are the people you want to be talking with:
28
61
375
I cold emailed 4 billionaires today who all spoke at the Miami Tech Week Conference yesterday.
2 of them (Emil Michael from Uber and one of the co-founders of Square) replied within the hour.
One cold email could change your life. Real asymmetric upside.
Shoot your shot!
26
8
349
PSA: Being a VC is at least 100x easier than being a founder. Even easier if itโs not their fund.
Anyone who says otherwise doesnโt know what theyโre talking about.
28
24
351
Most of you will ignore this but hereโs how NOT to cold DM VCs ๐
46
52
351
IF YOUR SLIDES HAVE MORE THAN 25 WORDS NO ONE IS READING THEM ๐คท๐ปโโ๏ธ
34
32
343
We've got 6!! a16z partners joining as LPs, including Marc and Chris ๐
Probably nothing...๐
32
2
308
KPโs first fund was $8.4M
Sequoiaโs was $8M
Big things start small.
26
27
309
Peak Silicon Valley:
Taking a Zoom meeting from your Tesla in Palo Alto ๐
19
21
283
๐ฐ Here's our 30+ favorite VCs (A-Z) who *actively* lead Seed rounds!
๐งต
@alexisohanian
-
@sevensevensix
@andrewparker
-
@SperoVentures
@annawbarber
-
@M13Company
@Bandrew
-
@UncorkCap
@BenjLerer
-
@LererHippeau
@BigMekaStyle
-
@Firstround
@bling0
-
@blingcapital
11
43
264
Just got our first LP wire for new fund ๐ญ๐ญ๐ญ
25
2
262
I would pay extra to stay at a hotel where I donโt have to check in with a front desk person and go through all the administrative nonsense paperwork.
80
7
240
Excited to finally share this!!
๐ย
@spacecadet
has a new $10M fund.
๐ธย And we're giving away $10K in it free!
๐ย To enter: RT + follow
@wizlikewizard
@daniel_eckler
๐ย Check out โthe BEST fund deck ever!โ below ๐
45
110
231
Miami:
- nice weather
- beach & ocean
- lush greenery & palm trees
- nice walkable neighborhoods
- safe
- low taxes
- sensible mayor
- culturally diverse
- short flight to NYC, close to Europe
๐ค
71
6
230
It was clear from this post that Founders really struggle to find the right investors to pitch.
If you're raising your Seed, you should be spending most of your time talking to true Seed investors who actually lead. Everything else is a distraction IMO.
Top Seed Investors ๐งต
โ ๏ธ
#1
mistake founders make is simply talking to the wrong investors.
Huge lists of 1,000+ are unhelpful IMO. I struggled to parse them when I was a founder ๐ฑ
Most important part of fundraising is finding the right investors for your company AND stage.
Top 10 Pre-Seed ๐
34
116
680
8
46
229
Weโre hiring our Future Partner ๐งโ๐
Weโre searching the galaxy for an experienced investor to help build Spacecadet into the brightest star in VC.
The perfect person is a cosmic mix of VC x Storyteller x Founder x Astronaut โจ
22
43
221
37 today!
Feeling very fortunate and excited for what the next year has in store ๐ฅฐ
35
0
215
I feel bad for LPs who invest in fund managers investing in things like boba tea. Software is eating the world, not tapioca.
39
8
197
I cold emailed the CEO of a $22B company at first_name
@company
.com at 6PM on Tuesday.
He just replied positively.
What are you waiting for? Shoot your shot.
18
6
196
๐ Weโre hiring for a Chief of Staff!
๐ฉโ๐ Do you want to take a leading role in building one of the top emerging VC funds?
โ
Are you a generalist who admires your own ability to get all kinds of shit done?
๐Learn more below & share with anyone great!
11
51
193
How do we feel about Series A investors forcing a company to shut down and return their money only one year after they invested?
Asking for a portco this just happened to ๐ซค
66
12
193
Biggest founder mistake is talking to the wrong investors!
Huge lists of 1,000+ VCs are unhelpful. Focus on a tight list of leads.
Finding the right investors for your company AND stage is ๐
Here's our updated list of the Top 15 Pre-Seed VCs who lead:
20
33
183
3 types of VCs in their high school days:
- those who played lacrosse
- those who played Dungeons & Dragons
- those who were in detention
52
9
185
Signed a โจ$1,000,000โจ LP yesterday! Now ~80% full ๐ฅณ๐ฅณ
18
1
178
YC founders building robots in a Palo Alto garage on a Friday night ๐
El Primeiro ๐
8
4
176
This is a curated list The Top 10 Pre-Seed investors (in alphabetical order) who actually lead rounds.
If you're raising your Pre-Seed, this is where I'd start!
6
17
171
Here's our unredacted 2023 LP Update ๐ซ
๐งโ๐ Invested in 26 new Spacecadets
๐ก๏ธ 43% deployed
๐ธ $100-250k checks
๐ก 2023 avg entry price $13.5M
๐ญ 65% of new 2023 investments were at <$15M
๐ 30% of portfolio have raised more money at better terms
17
6
166
Successfully fundraising for Pre/Seed comes down to two things:
1. Make sure you're talking to the right people
2. Make sure you're telling them the right story
Here's how to nail both ๐
19
21
165
Signed a lease on a house in Palo Alto today! Now an official Bay Area resident ๐ฆ
Who lives nearby and wants to be friends?
43
1
166
$3M on $14M Post seems to be the new vanilla Seed.
Reasonable but Pre-Seed needs to come down. Founders are still coming with $10M Post expectations.
9
7
159
Weโre opening the last $500k of our oversubscribed $15M fund to Cadets far and wide, with no investment minimums. ๐งโ๐
Spacecadet helps startups tell stories to send them to the stars ๐
But we canโt do it alone.
[1/2]
8
37
161
Another huge Series A term sheet from a tier 1 signed in the portfolio ๐คฉ
Weโre only ~60% deployed but our companies have already raised ~$200M in follow on capital.
Spacecadets are truly changing the world ๐จโ๐
14
0
159
After listening to this bit from
@awilkinson
on
@twentyminutevc
, I was reminded that it was probably the right choice.
"My
#1
piece of feedback to people is: get experience.
If you want to be in business, start a business, don't do an MBA. ...
5
18
154
36 today! ๐
35 was a great year:
๐ฐ๐ปโโ๏ธ Got married to the wonderful
@yaelisms
๐จโ๐ Raised a storied first fund
@spacecadet
๐ก Moved to Brooklyn
๐ช Lost my COVID-20(lbs)
๐ฆ Invested in 27 incredible companies
Excited for what 36 has in store!
27
0
153
Raising a Pre/Seed without a deck is possible...
But you're playing on ultra hard mode and ultimately doing your company a huge disservice...
Here's WHY you need a deck, and HOW to create a killer one in ONE DAY:
18
15
149
Looks like all the funds are jumping in on the accelerator model!
a16z Speedrun
BTV The Mint
Conviction Commit
2048 Bio Studio
Afore Alpha
Betaworks Camp
Who else?
31
8
147
Booked coffee tomorrow with one of the richest people in America (potential LP).
Some of my best connections have come from cold emailing people I snooped on portco cap tables ๐ต๏ธโโ๏ธ (Pro tip from
@jason
)
Shoot your shot.
9
3
146
๐คซ Steve Jobsโ secret to a great elevator pitch:
How to communicate your message in a simple, engaging way ๐๐งต
17
19
143
9/10 Pitch decks I see overcomplicate their messaging ๐ตโ๐ซ
Here's how cut through the noise and get to the signal that investors are looking for:
18
18
143
How to ruin your founder reputation:
1. Send zero updates to your investors
2. Ignore multiple requests for updates
๐คฏ
5
13
137
๐จโ๐
@Spacecadet
:: The Marketing VC :: Fund One
Building a Better Future through 120 Pre/Seed investments.
Every startup tells a story. Here's the story of our first 25 fund investments (our cinematic interpretation)...๐
30
17
141
Curating a list of Funds of Funds for Emerging Managers:
Cendana (
@gpingree
)
Sapphire (
@Beezer232
)
Bain (
@sasmith4
)
Foundry (
@jfreester
)
Ahoy (
@cdouvos
)
Greenspring
Top Tier
Accolade
Invesco
Who else should be included???
28
8
139
Nailing your market size is essential to nailing your pitch!
It's that magic number that makes VCs perk up and pay attention ๐คค
So here's everything you need to know about mastering marketing sizing ๐๐งต
21
16
137
Invested in six companies in July!
Who said VCs do nothing in the summer? ๐
20
1
136
We turned 150 of our favorite friends into Magic the Gathering cards ๐ช
See them all below ๐
15
8
133
4
2
133
Struggling with seeds that just wonโt grow?
Spacecadet + HBO's Silicon Valley bring youโฆ
VC CHIA PETS :: SEED SERIES ๐ฑ๐
13
15
128
When I was raising for my 1st startup in 2014,
@BainCapVC
was one of the 1st big US VCs we met.
Being a ๐จ๐ฆ co. & only have ๐จ๐ฆ investors, meeting with a stellar US fund felt like a whole new world opened.
They passed then. But 7 years later, they just joined as our newest LP!!
9
3
125
๐ค Calling all robotics founders & builders ๐ฆพ
@Spacecadet
+
@BoostVC
are hosting a Robotics Pitch Day on May 16th to help support the next generation of roboticists!
๐ฐ $50K uncapped SAFE for the winner!
๐งโโ๏ธ
@helengreiner
@ericlitman
@GusDomel
@WizLikeWizard
Apply below ๐
14
43
124
SPEED in VC (and life) is such a competitive advantage.
Winning is often just moving faster than anyone else...
A surprising amount of people are default slow. Sense of urgency when something matters is a superpower.
๐๐จ
16
10
126
Investors spend ONLY 3 MINS on average reviewing a pitch deck...โฑ๏ธ
That means you have a handful of seconds for each slide to make a lasting impact.
Here are the essential slides every founder needs to nail ๐๐งต
10
20
122
Anyone looking for a ~Fractional CTO?
Very seasoned Co-Founder & CTO looking for part-time/contract work -- 10-20 hours per week.
43
10
120
๐
Top 5 Funds on Twitter, according to
@getnotus
:
1.
@a16z
2.
@sevensevensix
3.
@ycombinator
4.
@BessemerVP
5.
@Spacecadet
๐
12
11
122
Amazing Q1
@spacecadet
๐ฅณ
We invested ~$2MM into these incredible 10 companies:
๐
@withotis
๐ฆ
@JoinToucan
๐ฉโ๐จ
@wearestagger
๐ท
@SurelyWines
๐
@contentflyco
๐
@FionCo
๐ผ
@facet_ai
๐ฆพ
@onofoodco
๐ณ
@tryramp
๐ป Stealth
Thrilled to be part of their journey! ๐ฅฐ
8
7
114
Call it old school/biased/plain stupid/or whatever you want BUT warm intros are still the gold standard in fundraising...
Even with a strong story and deck, weak intros will likely kill your fundraise.
VCs see 100s of pitches per month. You need to cut through the noise!
11
6
116
On May 21st,
@daniel_eckler
called me very excited with a product idea that we thought would only take 4 weeks...
*4 months* later ๐
, weโre finally launching it today!
Building always takes wayyyyyyy longer than you expect.
Check it out ๐
2
15
68
๐5x๐OVERSUBSCRIBED๐ IN 3 HOURS ๐ CLOSING NOW ๐ LIGHTSPEED SCOUT LEADING ๐๐ฆ๐ฆ๐ฆ๐ฆ๐ฆ
iykyk
9
0
109
While studying, I talked to a ton of smart people to help get perspective. 99% of them said an MBA was a waste of time & that I should spend the two years and all that $$$ investing in myself instead.
So, I quit.
8
9
105
We're only 64% deployed but our Spacecadets have already raised ~$208M in follow-on capital! ๐จโ๐๐
15
2
110
Pitch decks MAKE or BREAK 99% of startups.
But founders still struggle to create compelling decks.
Spacecadetโs Story Sprint helps you draft, develop, and design an amazing deck in one day! โจ
12
16
109
6
1
105
Dear Deeply Technical Founders,
#1
mistake technical founders make is focusing too much on the tech, and not enough on the business.
Startups are in the business of revenue ย ๐
And VCs are in the business of exits ๐ค
SHOW ME THE MONEY!!! Here's how ๐งต๐
9
13
108
New episode of Succession tonight!
Here's Succession if Wes Anderson made it ๐
1. Logan Roy
5
8
105
Having 180 LPs is all fun and games until you have to do a capital call.
Herding cats ๐๐๐๐๐๐๐๐๐๐๐๐๐
(If you're seeing this, plz wire your money ๐)
6
0
101
โฆ you get all these kids that have spent four years learning about business but they've never actually been involved in a business..."
I was also reminded that 99% of successful people I know donโt have an MBA.
Proof ๐
3
17
98