Tech, Business, Finance and Everything Else
Levelsio on X – has started to share a Google Doc with all his investments. Its a very interesting mix between ETFs and one off stocks.
Take a look here – levels.vc
It shows the power of VC investing over time. One third of all money he makes is from his investments.
Levels has risen to fame through the X platform where is creating a lot of content and been posting about technology, finance, startups, etc.
90% of VCs add no value to startups, 70% even harm them.
Just the fact that you got an MBA and joined a venture fund doesn’t mean you can give useful advice to an entrepreneur
If you never built an actual business, you’re not qualified to give advice.
Vinod Khosla is the lead of Khosla Ventures and has invested in some of the worlds largest companies when they were young and in venture capital mode.
Here is the full interview:
Atlassian was founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, two students at the University of New South Wales in Sydney, Australia. The company’s first product was Jira, a project management tool. Jira was originally developed for use by the students at the university, but it quickly gained popularity among other software development teams.
Atlassian bootstrapped the company for its first eight years. This means that they funded the company’s operations with their own money and did not raise any outside funding. This was a risky decision, but it paid off in the long run. Atlassian was able to maintain control of the company and focus on its long-term goals.
There were a few factors that helped Atlassian go so long without raising outside funding. First, the company’s products were well-received by the market. Jira was a valuable tool for software development teams, and it helped Atlassian to generate enough revenue to self-fund. Second, the company’s founders were experienced entrepreneurs who had a clear vision for the company. They were able to manage the company’s finances carefully and to make sure that the company was profitable.
In 2010, Atlassian raised $60 million in venture capital funding (but this was for a secondary round).
Atlassian is now a global company with over 7,000 employees. It is one of the most successful software companies in Australia, and it is a leader in the project management and collaboration software market. The company’s story is an inspiration to entrepreneurs everywhere, and it shows that it is possible to build a successful company without raising outside funding.
Is it just me or do VCs spend more time tweeting these days compared to actual research in the markets they are going to invest in?
Venture Capital by Numbers:
Venture Capital business is 100% a game of outliers
Great article on Bloomberg about Jetbrains – the company behind the popular programming language Kotlin.
Key numbers:
It’s great to hear from other founders who are far more interested in the issue they are trying to fix than the billions of dollars they could be personally making.