Aram Attar
@TheVCFactory
Mindset-Based Investor in Emerging VC Managers.
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Last Friday, I presented my report “Emerging VCs: Selection Through Mindset” to a select group of LPs and GPs in Austin. The report shows how current LP evaluation methods can significantly benefit from incorporating a structured analysis of Emerging GPs’ mindset: how they…
Truth
Ben Horowitz literally explains how he differentiates between mediocre CEOs & great CEOs.
Amazed to read so many comments who don’t get the joke.
Visited a startup accelerator in Palo Alto last week It was 10pm and the founders were still coding “Do you have a government permit to be working at this hour?” I asked them They looked at me and said “bro what are you talking about” in a typical condescending American way I…
I am deeply honored, humbled, and will have big shoes to fill. @roelofbotha changed my life. He believed in me, brought me to Sequoia, and taught me how to grow from a builder into an investor. He’s demanding and deeply caring — the rare kind of friend, mentor, partner who…
There’s a “scientific method” approach to venture investing: make assumptions, fund the trial, and course-correct without engaging in confirmation bias. You have to be both open and have conviction, which is why the phrase “strong conviction, loosely held” is so often heard in…
I covered this in a quarterly LP letter last year (screenshot below). IMHO larger VC portfolios are underrated: * Portfolio network effects -> better sourcing, diligence, support for founders * Brands are built on # of winners * More investments -> smaller checks -> easier access
"spray & pray" vs "concentrated" - lots of debate as always at RAISE this year on everyone's favorite VC topic. How has this debate changed in the last 18 months? - Following on into your best companies has gotten harder (usually because the next couple rounds are much larger…
AI “job displacement” is a legitimate concern, but what people often overlook is that many jobs are effectively carried out by human-like robots. This is especially true in customer service roles. Employees run a script that leaves no room for sensible resolutions and fail to…
How much time passes between the moment you shake a Founder’s hand and when their pitch starts tells you all you need to know about their salesmanship.
No matter what your friends tell you: if you speak more than your guest and change topics every 2 minutes for 90 minutes, you’re a poor interviewer.
People who are used to having an inner dialogue in life/work will thrive with AI chatbots.
Agreed. Non-consensus chasing requires a different mindset. thevcfactory.com/venture-capita…
The same 10 VCs every week: “this is the frothiest market I’ve ever seen. Every round is preempted at insane valuations. I don’t know how anyone will make money in this environment. Nobody can compete with the big firms” The reality: they’re only being exposed to the most…
My partner Bruce Dunlevie once asked "what could go right?" This is the defining attitude needed in VC investing. When they work .... Wow.
I made a $250M mistake by thinking I was smarter than a market. I met an incredible entrepreneur in 2020. Raising $2M on $10M post. I could have done a $250K investment. The founder; clearly brilliant. The market; I doubted could facilitate a $10BN+ new player. The…
Quick thoughts from participating in investment committee meetings for over 15 years: Listen more than you speak Changing your mind when presented with new data is ok Be humble: you’re not doing the work; you’re not the most knowledgeable person on the topic either When…
Unlikely to be a good return so fast. Shows how short-sighted many have become.
A question for LPs. If a venture fund has an early exit in year 2 of the fund, would you rather have the VC Manager:
102 vote · Final results
"PayPal raised $100M at a $500M valuation in March of 2000 - with no revenue. By June, we had 7 months of runway left. We got religion fast. Between June - Sept we: - Fixed fraud - Got users to link bank accounts - Cut transaction costs All the innovations that made PayPal…
THE LIBRARY OF MINDS: EPISODE 2 - featuring Roelof Botha (@roelofbotha) Managing Partner of Sequoia. Ex-CFO of PayPal. Early backer of YouTube, Instagram, Square. Quiet architect behind generational companies. We cover: • How elite orgs think like teams-not stars • The false…
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