Constellation Software is a $30b+ publicly-traded software holding company employing more than 25,000. A former venture capitalist, Mark Leonard started Constellation in 1995 with $15m of outside investment & a goal of buying vertical software companies.↗

⚠️ Announcing Banana Fund 2 ⚠️ We’re back with a second $20m fund to invest in founders at the earliest stages. The best part? We’re closing out the fundraise publicly. Here’s a recap of Fund 1, more on Fund 2, and how you can get involved:↗

I'd never raised venture capital before, only bootstrapped my companies. Yesterday, I closed a $3.5M seed round led by Nextview Ventures and Sugar Capital for Kahani. The process was enlightening, humbling and exciting all at once. Here's how I did it and what I learned:↗

One of the LARGEST Crypto Venture Capital firms: Three Arrows Capital. They're becoming insolvent. With potentially $18b under management, this could be catastrophic for Crypto. Here's a timeline of what's going on and the possible consequences: ↓↓↓↗

Is the Future of VC ‘Solo Capitalists’?↗

6 Things @rabois learned from @peterthiel 1. The value of time 2. The importance of focus 3. The importance of recruiting undiscovered talent 4. M&A opportunities and IPO exits are highly correlated 5. Eschew "general management" 6. The best startups are cults↗

I was just trapped in a snowstorm in a 2-bedroom apartment 72 hours with one of the most powerful venture capitalists in the world. This person (@andrewchen) is a partner at Andreessen Horowitz I asked them how to get rich through angel investing. Here's what they told me...↗

If 2010 decade was about rise of new/seed VC funds - Felicis, Initialized, Costanoa, Uncork, Freestyle, etc. (too many to list, don't @ me!) - then this forthcoming decade may be about LPs backing individuals w/ huge funds who compete directly w/ traditional VC firms @ A/B stage.↗

Don Valentine, the greatest of all time. I spent the morning watching his GSB talk. Rest in peace: 1. If you don't attack a big market, it's highly unlikely you're ever going to build a big company. (thread) youtu.be/nKN-abRJMEw?t=…↗

What notable funds are doing pre-seed at scale? @HustleFundVC, @PrecursorVC, @svangel, @ycombinator - Who am I missing? With most Seed funds moving to $1-3M+ is there a gap at the $100-500k level?↗

I want to get to know small fund managers in SF. I meet lots of founders who are way too early or need too little financing for people I know at big funds. Instead of helping them get optionality checks, it would be nice to know small funds. Who should I connect with?↗

Here’s everything I’ve learned about angel investing in the past 8 years since I made my first one. I’ve invested in Cruise, Ginkgo Bioworks, Razorpay, Bird, and 100 more companies.↗

Been investing for 5.5 years. I have returned almost no capital, but have lead 1 round from seed investor->unicorn, 1 more coming shortly, and another hopefully a bit later in year. So I have at least learned some things. Here are my learnings for New GPs/Managers, fwiw:↗

The results to the following question isn't surprising: "Which 1-3 things do you want most help with right now?" VCs can help in many ways but very few (almost none) focus on the value-add startups want most: user acquisition↗

0/ Thread: 25 traits of the ideal early stage VC 🔥 My ideas of best practices based on what I’ve seen + read. Anything to add / argue? cc @andrewchen @ArlanWasHere @eriktorenberg @fdestin @cyantist @ryan_caldbeck @sknthla @garrytan @TZhongg @hunterwalk↗

When I entered VC, I thought founders would want my help with: - algorithms - sw architecture - advice on leveraging data 😂 Here's what they usually want: - recruiting help - best practices/"what've you seen in this situation?" - someone who believes in them - emotional support↗

1/ What drives decisions for (bad) VCs. This is going to be fun.↗

Am moderating a panel on incubators today at a conference. Am curious: what are the biggest companies that come to mind that have come out of vc incubators?↗

USV in 140 characters: invest in large networks of engaged users, differentiated by user experience, and defensible though network effects↗