Upcoming July events and hackathons. SF based + some online options. As always show up, have fun, and exercise your free will to the max 🌱
July 6: Find your co founder - luma.com/ruthht0e
July 9: @figma Field Days SF Intern Mixer - luma.com/2cgvxnz7?tk=17…
July 11:
Marc Andreessen explains how to identify fake founders
“There are definitely people that come in [to pitch us] and present themselves to be something they’re not. They’ve read all the books. They will have listened to this interview. They study everything and they construct a facade…. And the amount of this is exactly correlated with the NASDAQ.”
As Marc explains, when stock prices are high and tech is hot, there are a lot people who decide being a tech founder is a fast track to high status:
“They’re fundamentally oriented for social status — they’re trying to get the social status without the substance. And there are always other places to go to get social status. So after 2000, the joke was B2B meant back to banking and B2C meant back to consulting — which is, the people who showed up to be in tech were like, yeah, screw it. This is over. I’m going to go back to Goldman Sachs or McKinsey where I can be high status. So you get this flushing kind of effect that happens in a downturn. But in a big upswing, you get a lot of people showing up with, let’s say, public persona without the substance to back it up.”
How does Marc identify these people? He uses the same technique that homicide detectives use to find out if you’re innocent — keep asking increasingly detailed questions:
“You ask increasingly detailed questions and people have trouble making things up and things just fuzz into obvious BS, and fake founders basically have the same problem. They’re able to relay a conceptual theory of what they’re doing… But as they get into the details, it just fuzzes out. Whereas the true people that you want to back can do it. What you find is they’ve spent 5 or 10 or 20 years obsessing over the details of whatever it is they’re about to do. And they’re so deep in the details and they know so much more about it than you ever will.”
Source: @hubermanlab (Sep 2023)
I was once pitching in a board room at a top 3 VC firm for a $15M Series A.
12 people in the meeting. One of the GPs fully fell asleep. Out cold for 30+ minutes. Nobody acknowledged it. Everyone just kept going.
I kept presenting my Series A slides to an unconscious man in a Herman Miller chair and somehow that was considered normal. That's venture capital.
You might fly across the country to perform for people who may or may not be conscious.
It's a dance.
And sometimes you lead and sometimes you follow and sometimes your partner is unconscious.
If you're raising right now, just know: every founder has a story like this. The process is weird. The power dynamic is weird. You're not crazy for thinking it's weird.
No one talks about it because they want to continue raising. But I'm happy to stick my neck out there.
It is weird.
hot take but @mil000 genuinely excites me in a way the founderslop normies never will
he possesses way more raw outlier traits:
- obsessiveness (u should see how insanely he optimizes every penny in his life)
- taste (at least in the negative sense, positive direction tbd)
- natural disruptiveness
similar to @im_roy_lee i think it will only be a matter of time and maturity before he absolutely runs shit
Polsia just raised $30M at a $250M valuation.
Approaching $10M annual run rate.
One Founder + AI. Zero employees.
Polsia runs companies autonomously.
It also ran its own fundraising.
I just showed up for signatures.
I just found out that Luel AI, the company that completely copied my company Kled's entire website, is misrepresenting their compliance practices, using Delve to outsource it, fabricating their website user numbers, and pulling in massive amounts of fraud data from exclusively fraud oriented regions.
Skip to 1:15 if you want to skip context.
You truly cannot make this up. This is egregious, disgusting behavior from everyone involved.
This is people's data. It cannot be taken lightly. The only way a company like this can truly succeed is by investing the time and resources to commit 100% to the trust and compliance of their users' data. Luel AI is doing the exact opposite. Disgusting behavior for a company trusted with people's data.
General Catalyst just co-led a $31.5 million seed round into a blatant rip-off of my company, Kled.
(skip to 40 seconds if you want to skip context)
I would typically not speak on things like this, but this level of blatant copycatting is egregious and completely unacceptable,
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1.9M Followers 2K FollowingProfessor of Neurobiology and Ophthalmology at Stanford Medicine • Host of Huberman Lab • Focused on science and health research and public education