|
Leo Polovets
@
lpolovets
Redwood City, CA
|
|
General Partner @SusaVentures (seed investor in @RobinhoodApp, @Flexport). We invest $1m into $2m+ seed rounds.
Prev: @Caltech, 2nd eng hire @LinkedIn, @Google
|
|
|
20.390
Tweetovi
|
528
Pratim
|
29.533
Osobe koje vas prate
|
| Tweetovi |
|
|
Leo Polovets
@lpolovets
|
8 h |
|
This is the real opportunity for your podcast. Record your brother performing ancient rituals: sacrificing goats, making his own dishes out of clay, programming in C, etc.
|
||
|
||
|
|
Leo Polovets
@lpolovets
|
8 h |
|
Sorry, that sounded like a better joke in my mind.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
8 h |
|
You can definitely be the user base you initially target.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
8 h |
|
There are tons of good podcasts out there on venture. Twenty Minute VC, Invest like the Best, a16z, Full Ratchet... I'm sure there are others but I can't think of them right now. :)
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
8 h |
|
My experience so far:
Most co's that try to build platforms end up evolving into tools for their early user base.
Some co's that try to build tools for a specific user base eventually evolve into platforms.
To build a platform, start w/tools for a set of users then generalize.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
9 h |
|
I wonder if that's because there are way more individual brands today. If you go back ~10 years, the main individual brands were bloggers like Brad and Fred. ~5 years ago it was those folks + early Twitter users. Today so many more people go on podcasts, write posts, tweet, etc.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
9 h |
|
That's interesting. I've observed that as well, although it kind of depends on the firm (some firms have good reps even if individual partners aren't well-known).
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
9 h |
|
I have a vested interest, but this feels like Party Rounds 2.0 to me.
Party rounds work pretty well when a startup ends up having a great trajectory, but not so much when it doesn't.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
14 h |
|
The $TSLA 5-year chart is insane. pic.twitter.com/EDxVfFyImi
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
15 h |
|
I disagree. 😁
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
19 h |
|
I love that this happens to be a pun on the PE acronym.
"We're a different kind of PE fund."
🎯👍
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
Not so much fail as plateau much sooner. See: twitter.com/lpolovets/stat…
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
IMHO value should be looked at from the ecosystem's perpsective, not the user's. That value rose dramatically. Google's revenue grew by ~$100b in last 5 yrs (!), and if you assume advertisers get 3x ROI on their ads, that means companies buying ads got ~$200b in additional value.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
Thanks for the note! @peteflint's article is great.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
Re #2 -- I agree (though I don't think billionaires are to blame, nor should they be the only ones who pitch in.)
Re #3 -- this is what Warren's and Bernie's wealth taxes are proposing. See: elizabethwarren.com/plans/ultra-mi… pic.twitter.com/GkXtFUohYF
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
I can definitely see why this is a contentious topic, but otoh just because a lot of people think something doesn't mean they are right.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
1) who are any of us to decide what suffices *for someone else*? If you ask a homeless person, they might suggest $50k suffices.
2) I'd argue lots of billionaires are better at deploying their billions than the govt would be.
3) Most of this is illiquid assets & not cash.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
💯
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
It's a spectrum, & a higher marginal % would be more disincentive than today but less than 100% marginal tax.
That said, IMO public spending is much less efficient than private spending in most areas, so I don't want higher taxes because I think the govt will mostly waste the $.
|
||
|
|
||
|
|
Leo Polovets
@lpolovets
|
3. velj |
|
Just replying to the prompt. 🤷♂️
|
||
|
|
||