- Starting a fund is slow and painful with a ton of questions.
- The next generation of VCs will be community driven and will look to avoid cumbersome processes.
- “There are no standards in venture capital”. If you look at different SPV service providers, you’ll find 100 different forms of documentation.
- VC today is the same as the fundraising process before YC (super burdensome and filled with paperwork that distracts from the main goal).
- How do you build trust from people today? Trust requires good judgement and good judgement comes from conviction and knowledge in specific areas.
- Community is a cheat code.
- Building in public is distracting for a lot of companies.
- Hiring can be made easier just by talking to more people. Increase your surface area to increase your odds of success.