https://lagurohanienglishindonesia.blogspot.com/2017/01/anggota-ppgt-jemaat-nonongan.html
https://sendawakurasapisang.blogspot.com/2013/01/misi-gereja-dan-pemulihan-bangsa.html
https://ibnahalmar.blogspot.com/2013/11/sirah-nabawiyah-melayu.html
https://muhammadd-fajarhudie.blogspot.com/2012/06/alquran-dan-rahasia-angka.html
http://www.freeweblink.org/details.php?id=134936
Garry Tan and Alexis Ohanian founded Initialized Capital roughly nine years ago and they’ve closed four funds since, including most recently in late 2018.
That $225 million vehicle is roughly twice the size of their previous fund, but because of the coronavirus, the firm, and its portfolio companies — some of which include Opendoor, Instacart and Coinbase — could be facing a tougher road in 2020. Certainly, that’s true of nearly ever other venture firm and startup right now.
To get a sense of where the team is currently, what it’s telling its founders, whether it thinks the abrupt downturn might change founders’ behavior, as well as whether either thinks big tech should be broken up, we talked with the two last night via Zoom about these issues and more. It was a fun conversation that you can check out here, beginning around the 23 minute mark. In the meantime, you can find highlights from our conversation right here. Among the many things we covered:
We first talked about how much runway startups need right now that the U.S. is largely closed for business.
Tan offered that because returning to normalcy could “well be six to nine months,” partly because the U.S. isn’t informally containing the virus and there’s not yet a vaccine for it. To “make sure you have the cash to last to the other side,” he said, founders need to think in terms of 18 months. “It’s a lot,” said Tan, “but that’s sort of what’s necessary, and that’s what we’ve been advising our portfolio companies.
The duo also talked about how to actually squeeze 18 months of runway out of startup that hasn’t freshly raised a round.
http://www.freeweblink.org/details.php?id=134938
http://www.freeweblink.org/details.php?id=134939
http://www.freeweblink.org/details.php?id=134940
http://www.freeweblink.org/details.php?id=134941
http://www.link-boy.org/details.php?id=203245
http://www.link-boy.org/details.php?id=203246
http://www.link-boy.org/details.php?id=203247
http://www.link-boy.org/details.php?id=203248
Ohanian said to “renegotiate everything,” from office space to venture debt agreements. He also noted there are “obvious things that you get cut early, around like non-essential marketing,” saying, “I’m as bummed as the next person to not be able to go to Cannes Lions this year, but I think we all agree like these are very reasonable things to be cutting at times like this.”
Because Ohanian is fairly vocal on Twitter about U.S. efforts to contain the coronavirus and to help healthcare workers, we spent some time on this, too.
Ohanian said that “like a lot of Americans, I’m pretty frustrated by the situation right now. I mean, I live in Florida, which I think is going to see some really staggering numbers [of sickened residents] here in the next couple of weeks [because of its] elderly population and . . .a governor that’s that’s taking too long to do the things we need to do to keep them safe.”
He added that he remains inspire by the “ingenuity and the resilience” of its citizens, including founders who’ve begun adapting to these new situations, including the Initialized portfolio companies Flexport, the logistics startup, and Ro, the tele-health startup that originally focused on men’s wellness.
Through a new initiative announced earlier this week, Flexport is “literally raising millions of dollars in donations to bring medical supplies to the Bay Area and to those healthcare workers,” noted Ohanian.
http://www.link-boy.org/details.php?id=203250
https://techninj.blogspot.com/2020/03/how-to-make-effective-use-of-mcafee.html
https://sites.google.com/site/securedevice98/
https://infeeds.com/u/techninja01/norton-presents-exquisitely-structured-n-42746
https://kajal123us.tumblr.com/post/613540443001700352/how-to-link-youtube-premium-account-with-the
https://justpaste.it/7hk65
https://telegra.ph/How-to-Download-Movies-and-TV-Shows-from-Hulu-03-25
https://www.linkedin.com/pulse/how-renew-webroot-safe-antivirus-subscription-plan-vedika-goyal
https://www.evernote.com/shard/s366/sh/340c8c77-041a-a47a-45b6-68c5c99681e2/7ace25bf0fb7e8b0a4bdd5e626743c74
Ohanian said to “renegotiate everything,” from office space to venture debt agreements. He also noted there are “obvious things that you get cut early, around like non-essential marketing,” saying, “I’m as bummed as the next person to not be able to go to Cannes Lions this year, but I think we all agree like these are very reasonable things to be cutting at times like this.”
Because Ohanian is fairly vocal on Twitter about U.S. efforts to contain the coronavirus and to help healthcare workers, we spent some time on this, too.
Ohanian said that “like a lot of Americans, I’m pretty frustrated by the situation right now. I mean, I live in Florida, which I think is going to see some really staggering numbers [of sickened residents] here in the next couple of weeks [because of its] elderly population and . . .a governor that’s that’s taking too long to do the things we need to do to keep them safe.”
He added that he remains inspire by the “ingenuity and the resilience” of its citizens, including founders who’ve begun adapting to these new situations, including the Initialized portfolio companies Flexport, the logistics startup, and Ro, the tele-health startup that originally focused on men’s wellness.
Through a new initiative announced earlier this week, Flexport is “literally raising millions of dollars in donations to bring medical supplies to the Bay Area and to those healthcare workers,” noted Ohanian.
http://atlas.dustforce.com/user/rokulink
https://investimonials.com/users/nainaagarwal2210@gmail.com.aspx
https://devrant.com/users/nortonsetup
https://www.ohmstudio.com/users/rokulink
https://www.methodspace.com/members/webrootsafe/profile/
http://ttlink.com/pearl
https://www.linkedin.com/posts/vedika-goyal-9814a2175_mcafeecomactivate-download-mcafee-with-activity-6648168397370605568-PMNG
https://www.pearltrees.com/vedikagoyal#item295807050
For his part, Tan said he “probably” doesn’t want the government to intervene with big tech, but he’s concerned about their rise (and rise). Said Tan, “What I want is our startups to be successful, and when they become successful, that they arm thousands of small businesses, medium-size businesses, and the retailers that could not possibly to hire an engineer to actually survive. . . because otherwise, Amazon’s going to run the table.
We also asked if they worry big tech companies are more hesitant to shop, given the regulatory scrutiny they have been under.
Tan suggested that Initialized hasn’t counted on M&A activity for its exits for some time. “What’s weird about startups [[is that back] in 2008 when we came up, M&A was a much bigger part of what people talked about. These days, everything we fund, we want to fund it for the IPO.”
The reality, he continued is that none of the tech giants are acquisitive because they “sort of don’t know what to do with the cash. [There’s] definitely a Peter Thiel-ism that I totally believe, which is that Google is sitting on a cash hoard, and when you sit on a cash hoard, it means, ‘I don’t know what else to do. There are not projects that have a positive net IRR that I can put that money into. I could not hire people to go work on a thing that could make more money.’
Said Tan, “If anything, these companies have sort of become giant babysitting places for very, very smart tech people.”
Not last, we talked about their hopes for what comes next.
Ohanian is choosing to remain optimistic on a lot of fronts right now, he suggested, and that’s unsurprisingly true of his work. As he told us, “One of the fortunate parts about doing early-stage investing is also that this [frightening moment] is a time when founders are going to come solving real problems. I actually expect the next two years to be opportunities for some really great and hopefully impactful companies to get formed. “In the wake of all this, [founders] can not just solve really important business leads; they can also do some good in the process.”
Before we parted ways, we also talked about founders and whether some had blown it by not taking their companies public while the window was still open.
Both Tan and Ohanian seemed to defend founders who’ve chosen to stay private longer in recent years while ceding that staying private isn’t good for employees or investors or the founders themselves. Indeed, “a lot of it comes back to governance,” said Ohanian, with both he and Tan expressing equal parts dismay over activist investors and the perpetual shareholder rights that founders have been demanding to protect themselves from said activist investors. (Ohanian called such voting rights an “ugly hack.”)
Both sang the praises of Long Term Stock Exchange — the stock exchange created by entrepreneur Eric Ries — and what it hopes to accomplish, which is to make it safer to go public without worrying about activist investors by rewarding longer-term shareholders who believe in a company.
Worth noting: LTSE, as it’s known, is an Initialized portfolio company.
http://www.folkd.com/user/k@ju123
https://diigo.com/0h4cmt
https://www.instapaper.com/read/1288944332
https://bit.ly/3dnDuvP
https://sendawakurasapisang.blogspot.com/2013/01/misi-gereja-dan-pemulihan-bangsa.html
https://ibnahalmar.blogspot.com/2013/11/sirah-nabawiyah-melayu.html
https://muhammadd-fajarhudie.blogspot.com/2012/06/alquran-dan-rahasia-angka.html
http://www.freeweblink.org/details.php?id=134936
Garry Tan and Alexis Ohanian founded Initialized Capital roughly nine years ago and they’ve closed four funds since, including most recently in late 2018.
That $225 million vehicle is roughly twice the size of their previous fund, but because of the coronavirus, the firm, and its portfolio companies — some of which include Opendoor, Instacart and Coinbase — could be facing a tougher road in 2020. Certainly, that’s true of nearly ever other venture firm and startup right now.
To get a sense of where the team is currently, what it’s telling its founders, whether it thinks the abrupt downturn might change founders’ behavior, as well as whether either thinks big tech should be broken up, we talked with the two last night via Zoom about these issues and more. It was a fun conversation that you can check out here, beginning around the 23 minute mark. In the meantime, you can find highlights from our conversation right here. Among the many things we covered:
We first talked about how much runway startups need right now that the U.S. is largely closed for business.
Tan offered that because returning to normalcy could “well be six to nine months,” partly because the U.S. isn’t informally containing the virus and there’s not yet a vaccine for it. To “make sure you have the cash to last to the other side,” he said, founders need to think in terms of 18 months. “It’s a lot,” said Tan, “but that’s sort of what’s necessary, and that’s what we’ve been advising our portfolio companies.
The duo also talked about how to actually squeeze 18 months of runway out of startup that hasn’t freshly raised a round.
http://www.freeweblink.org/details.php?id=134938
http://www.freeweblink.org/details.php?id=134939
http://www.freeweblink.org/details.php?id=134940
http://www.freeweblink.org/details.php?id=134941
http://www.link-boy.org/details.php?id=203245
http://www.link-boy.org/details.php?id=203246
http://www.link-boy.org/details.php?id=203247
http://www.link-boy.org/details.php?id=203248
Ohanian said to “renegotiate everything,” from office space to venture debt agreements. He also noted there are “obvious things that you get cut early, around like non-essential marketing,” saying, “I’m as bummed as the next person to not be able to go to Cannes Lions this year, but I think we all agree like these are very reasonable things to be cutting at times like this.”
Because Ohanian is fairly vocal on Twitter about U.S. efforts to contain the coronavirus and to help healthcare workers, we spent some time on this, too.
Ohanian said that “like a lot of Americans, I’m pretty frustrated by the situation right now. I mean, I live in Florida, which I think is going to see some really staggering numbers [of sickened residents] here in the next couple of weeks [because of its] elderly population and . . .a governor that’s that’s taking too long to do the things we need to do to keep them safe.”
He added that he remains inspire by the “ingenuity and the resilience” of its citizens, including founders who’ve begun adapting to these new situations, including the Initialized portfolio companies Flexport, the logistics startup, and Ro, the tele-health startup that originally focused on men’s wellness.
Through a new initiative announced earlier this week, Flexport is “literally raising millions of dollars in donations to bring medical supplies to the Bay Area and to those healthcare workers,” noted Ohanian.
http://www.link-boy.org/details.php?id=203250
https://techninj.blogspot.com/2020/03/how-to-make-effective-use-of-mcafee.html
https://sites.google.com/site/securedevice98/
https://infeeds.com/u/techninja01/norton-presents-exquisitely-structured-n-42746
https://kajal123us.tumblr.com/post/613540443001700352/how-to-link-youtube-premium-account-with-the
https://justpaste.it/7hk65
https://telegra.ph/How-to-Download-Movies-and-TV-Shows-from-Hulu-03-25
https://www.linkedin.com/pulse/how-renew-webroot-safe-antivirus-subscription-plan-vedika-goyal
https://www.evernote.com/shard/s366/sh/340c8c77-041a-a47a-45b6-68c5c99681e2/7ace25bf0fb7e8b0a4bdd5e626743c74
Ohanian said to “renegotiate everything,” from office space to venture debt agreements. He also noted there are “obvious things that you get cut early, around like non-essential marketing,” saying, “I’m as bummed as the next person to not be able to go to Cannes Lions this year, but I think we all agree like these are very reasonable things to be cutting at times like this.”
Because Ohanian is fairly vocal on Twitter about U.S. efforts to contain the coronavirus and to help healthcare workers, we spent some time on this, too.
Ohanian said that “like a lot of Americans, I’m pretty frustrated by the situation right now. I mean, I live in Florida, which I think is going to see some really staggering numbers [of sickened residents] here in the next couple of weeks [because of its] elderly population and . . .a governor that’s that’s taking too long to do the things we need to do to keep them safe.”
He added that he remains inspire by the “ingenuity and the resilience” of its citizens, including founders who’ve begun adapting to these new situations, including the Initialized portfolio companies Flexport, the logistics startup, and Ro, the tele-health startup that originally focused on men’s wellness.
Through a new initiative announced earlier this week, Flexport is “literally raising millions of dollars in donations to bring medical supplies to the Bay Area and to those healthcare workers,” noted Ohanian.
http://atlas.dustforce.com/user/rokulink
https://investimonials.com/users/nainaagarwal2210@gmail.com.aspx
https://devrant.com/users/nortonsetup
https://www.ohmstudio.com/users/rokulink
https://www.methodspace.com/members/webrootsafe/profile/
http://ttlink.com/pearl
https://www.linkedin.com/posts/vedika-goyal-9814a2175_mcafeecomactivate-download-mcafee-with-activity-6648168397370605568-PMNG
https://www.pearltrees.com/vedikagoyal#item295807050
For his part, Tan said he “probably” doesn’t want the government to intervene with big tech, but he’s concerned about their rise (and rise). Said Tan, “What I want is our startups to be successful, and when they become successful, that they arm thousands of small businesses, medium-size businesses, and the retailers that could not possibly to hire an engineer to actually survive. . . because otherwise, Amazon’s going to run the table.
We also asked if they worry big tech companies are more hesitant to shop, given the regulatory scrutiny they have been under.
Tan suggested that Initialized hasn’t counted on M&A activity for its exits for some time. “What’s weird about startups [[is that back] in 2008 when we came up, M&A was a much bigger part of what people talked about. These days, everything we fund, we want to fund it for the IPO.”
The reality, he continued is that none of the tech giants are acquisitive because they “sort of don’t know what to do with the cash. [There’s] definitely a Peter Thiel-ism that I totally believe, which is that Google is sitting on a cash hoard, and when you sit on a cash hoard, it means, ‘I don’t know what else to do. There are not projects that have a positive net IRR that I can put that money into. I could not hire people to go work on a thing that could make more money.’
Said Tan, “If anything, these companies have sort of become giant babysitting places for very, very smart tech people.”
Not last, we talked about their hopes for what comes next.
Ohanian is choosing to remain optimistic on a lot of fronts right now, he suggested, and that’s unsurprisingly true of his work. As he told us, “One of the fortunate parts about doing early-stage investing is also that this [frightening moment] is a time when founders are going to come solving real problems. I actually expect the next two years to be opportunities for some really great and hopefully impactful companies to get formed. “In the wake of all this, [founders] can not just solve really important business leads; they can also do some good in the process.”
Before we parted ways, we also talked about founders and whether some had blown it by not taking their companies public while the window was still open.
Both Tan and Ohanian seemed to defend founders who’ve chosen to stay private longer in recent years while ceding that staying private isn’t good for employees or investors or the founders themselves. Indeed, “a lot of it comes back to governance,” said Ohanian, with both he and Tan expressing equal parts dismay over activist investors and the perpetual shareholder rights that founders have been demanding to protect themselves from said activist investors. (Ohanian called such voting rights an “ugly hack.”)
Both sang the praises of Long Term Stock Exchange — the stock exchange created by entrepreneur Eric Ries — and what it hopes to accomplish, which is to make it safer to go public without worrying about activist investors by rewarding longer-term shareholders who believe in a company.
Worth noting: LTSE, as it’s known, is an Initialized portfolio company.
http://www.folkd.com/user/k@ju123
https://diigo.com/0h4cmt
https://www.instapaper.com/read/1288944332
https://bit.ly/3dnDuvP
Comments
Post a Comment