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Now both sides are casting blame for the excessive investments these large funds fueled. The LPs say they weren’t in a position to ask VC firms to go smaller, or they would risk losing their hard-earned allocations. And I think the above text thread gives you a sense of where venture capitalists think accountability lies.
Who’s to Blame for Venture Capital’s Bloat?
The Information
On an average day in the stock market, the typical high-growth SaaS stocks trade at \~20x sales. If your goal is to build a $5B creator economy business, you’ll need \~$250M in ARR to make that happen.
How Startups Can Survive the Creator Economy Winter
Evan Armstrong
It’s also works as a cron job.
Automatic GPT prompts that fire on triggers.
Here’s one that sends me a little poem notification whenever I want
ChatGPT in Every iOS App...
@NickADobos on Twitter
...catch up on these, and many more highlights
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