We Need A Middle Class For Startups

Bootstrapped from zero. “Sell a product or course online! Sell services locally!” There are millions of different get rich quick schemes floating online now. The goal here is to secure the bag and escape the grind ASAP. Raised $100M+ from VCs. “Are you a Unicorn yet? Which Y Combinator class were you in?” Startups areContinue reading “We Need A Middle Class For Startups”

Best Quotes from the Becoming Warren Buffett Documentary

Notes: This HBO documentary covers the life and work of Berkshire Hathaway Chairman & CEO Warren Buffett, largely through his own quotes. We also hear a lot from his business partner Charlie Munger and his first wife Suzie Buffett. Warren Buffett’s advice can teach us way more about life than just business. Most people callContinue reading “Best Quotes from the Becoming Warren Buffett Documentary”

Public Ventures

How Governments Can Run VC Funds The public should get equity in businesses that take government funding. No more free-money bailouts for billionaires. Public VC funds share in the upside when the startups they fund succeed. This incentivizes governments to invest more in earlier-stage startups. Public VC is a renewable economic resource. Successful investments inContinue reading “Public Ventures”

43North for Detroit

Create a $5M+ per year fund sponsored by the City, State, and/or nonprofits. 43North invests $5M per year in startups that move to Buffalo. This accelerator is funded by the State of New York as part of its Buffalo Billion program. 43North’s Grand Prize winner gets a $1 million investment. Create thousands of jobs inContinue reading “43North for Detroit”

Arsenal of Progress

We don’t have enough food. We don’t have enough medicine. We don’t have enough masks. We don’t have enough semiconductor chips. We must have enough before we can dream of more. Literal factories. Hundreds of them. These factories of abundance are our new Arsenal of Progress. Movement: Detroit vs. Shenzhen Accelerator: YC for Manufacturing Fund:Continue reading “Arsenal of Progress”

YC for Manufacturing

Invest in a new American hub for rapid R&D and manufacturing of critical products. See: Detroit vs. Shenzhen Newark secured a $50M partnership last year to relocate HAX’s US headquarters. Funding: $25M from New Jersey (NJEDA) + $25M from VC firm SOSV. Detroit: Raise $50M+ to build a manufacturing and technology accelerator in the City.Continue reading “YC for Manufacturing”

Studios vs. Startups

Startup = Growth. No company can grow forever with just one product. The best startups launch, buy, and grow many products. Xerox → PARC Google → X Amazon → Grand Challenge Google → Alphabet Facebook → Meta Keeping their startups in perpetual studio mode is key to staying relevant for another generation. Running an indieContinue reading “Studios vs. Startups”

Founders vs. VCs

If you’re really ambitious in startups, there’s only ever been two paths: founder vs. VC. Founders go deep on one company. VCs get to build a broad portfolio. So they’re incentivized to keep founders locked up in their original startups. They don’t want founders to diversify. VCs want a portfolio for themselves but not forContinue reading “Founders vs. VCs”

Personal Capital

Personal Capital > Venture Capital They’d quit if they had $100K+ to cover their next 1-2 years. Example: I meet brilliant engineers who work at Fortune 500 companies and have awesome startup ideas, but they’re scared to launch them because their employment contracts say all IP they create is owned by their companies. Think: 360Continue reading “Personal Capital”