Aydin Senkut is the founder and managing partner at Felicis Ventures.ย
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He originally started as a “super angel” before founding Felicis in 2005. He has been responsible for investments in companies like Shopify, Fitbit, Credit Karma, and more.ย
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One of the main takeaways we had from studying Aydin is his commitment to focus. Everybody today chases after a new shiny object every other week. He has noticed the winners in his portfolio and overall network are those that say “no” to everything else and focus on a singular task at a given time.
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Here are some of the other lessons, quotes, and readings from Aydin.
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โMajority of people I see are focused on doing too many things all at same time, and most successful people are focused on doing fewest things that matter but do it 105-110%.โ
"The most dangerous takeaway is for every founder to think that they are one of those few companies that can dictate terms even under these circumstances and this market.โ
โThe best way to counter [down rounds] is for companies to be a lot more hawkish on cash management."
โNarratives usually are A happened because of B. More important is concept of โover timeโ or โrepeatedlyโ; ie: to succeed: do something hard (repeatedly); stick to your core values (over time); it is this consistency that makes the difference, not just the one time.โ
โWhat is one thing we didnโt ask or bring up to truly understand the full potential here?โ
โThe best way to utilize venture capital is...finding the people that have the right connections, network and experience...Otherwise it's just like going to the bank.โ
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We started our careers in venture. After about a week, we had a realization.
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We had no idea what we were doing.
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Turns out, we werenโt alone.
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Junior VCs donโt get training. Youโre forced to figure it out on your own.
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Learning the rules, tools, and players takes FOREVER to learn. Thatโs why we made the ultimate VC resource library to speed up the learning curve.
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