lover, not-fighter. building and funding startups: @kindredventures, @heartbeat
on my 📲 too much
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i don’t think anything goes harder than mongolian archery on horseback.
Hesh
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nikki mccann ramírez
Hi! So, news. We are delighted to announce our new $100M venture fund, investing in innovative technology at the earliest stage.
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George Floyd died of asphyxiation. Why does that keep happening? Thread time. This one is a doozy.
MINNEAPOLIS (AP) — An autopsy commissioned for George Floyd's family found that he died of asphyxiation due to neck and back compression when a Minneapolis police officer held his knee on Floyd's neck for several minutes and ignored cries of distress, the family's attorneys said.
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Gosh, many feelings about this. But the main one: technology bubbles are very, very badly underrated.
Lionel Page
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Hi! So, some news. @stevejang and I have raised a new fund!
It is a $56M fund that is investing in innovative startups at the earliest possible stage.
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Today, I took an oath of allegiance to the United States, and became a citizen. Heady day for it. Time for a thread.
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I was naive about how many people's first house down payment was made by their parents until fairly recently. Wealth really is longitudinal.
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My father was 17 when he was first arrested for protesting injustice in South Africa.
Across the world, we really owe progress to the youth.
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Time for a mini-thread on police unions, because it is both tricky and very high stakes.
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Steve Byrum
Had an investor call scheduled for today, and I was home w/ my son:
Investor got on, I heard kids in the background, he opened with “So sorry, I’m home with my kids”
I said “Home with mine too!”
We both let out audible sighs of relief, laugh, and the call goes *great*. 🙏🏾
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#MyNameIs Sikanyiselwe. Its Xhosa meaning is “we have been shone upon” or, “the light at the end of the tunnel”.
My parents chose it believing they had better times ahead — just as so many of us do now. Go vote and make it true. #BidenHarris2020
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💔 Nothing is guaranteed. Cherish your loved ones, your health, and every day when the sun shines.
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‘loving v virginia’, 55 years ago, made this legal. high five if your marriage, your life, or your children’s, are only possible by this right.
enfranchisement saves lives, creates lives.
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This is the racism we are afraid of: playing an unwinnable game, where lives are at stake.
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One-time for my wife, who finished Columbia, came to @UCSFChildrens, and now gets to welcome a new class of residents as Chief Resident. She won’t give herself credit (doesn’t love social media) but I will! Hardest worker I know, by far. 🙌🏾
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If I had been leading for 50 laps and then a misapplied rule resulted in me losing in the last lap, I’d be pretty tight about it.
But forever champions are different.
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It was dumb luck that I ended up at @stanford right after the dot com bubble burst.
I thought I was coming for the chemical engineering, but instead landed on a 20 year once-in-a-generation supercycle in software.
So much of success comes down to dumb luck.
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My wife and I both have go-bags under our sides of the bed.
Her side: water bottles, flashlights, batteries, first aid kit.
My side: passports, currencies.
We are afraid of different things.
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over the moon to become a father once again. in awe of my wife, and thankful for my baby daughter.
her birth reminds me: because of the youth, there’s always hope. 🙏🏾
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27 year olds are responsible for 11% of all medical collections in the US.
Pop quiz: What’s special about that age in the US?
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this is 37. for now, just trying to fear God. honor my wife, be gentle and honest with my children, and work hard with people who inspire me.
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Superpower: ability to consciously hold contradictory viewpoints at once without losing focus.
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This is utterly fearless marketing. Homepage of Netflix. We’ll *remind* you to cancel your subscription.
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My 4yo last night, as we ate Indian food:
“What’s a naan to a naanbelievaaaaa, who don’t believe iiiiiin anything”
lol.
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A woman collapsed in the coffee shop this morning, and needed a doctor. They couldn’t figure out what language she spoke, but it wasn’t English.
10 minutes later, my wife had stabilized her and they were casually chatting in German. I married an X-Man. An X-Woman.
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I have been reading about the Uighur camps. It strikes me as concentration camps, plain and simple. Any other way to look at it?
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Eliud Kipchoge just ran a 2:01 marathon — averaging 4:36/mile… shattering the world record… previously set by him… at 37 years old
Human potential is unbounded
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someone asked for advice about getting into VC. what's missing? did I hit the right notes?
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I can’t with y’all. thewinglet.boardingarea.com/…
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Larenz Tate
Get this:
📞Alexander Graham Bell’s mother went deaf when he was young, so he went into acoustics.
💻💻 Vint Cerf, hard of hearing, needed a way to share docs with colleagues instead of calls.
📟Matti Makkonen came up with the idea of SMS as a way for deaf ppl to communicate.
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1010 WINS on 92.3 FM
Airbnb asking the SEC to give hosts equity... Faaascinating. These guys are playing for keeps. axios.com/airbnb-asks-sec-to…
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It’s a cloudy time. Black bodies and souls still suffer, brown bodies are held down, rural America is cheated, we (!) are still lying to ourselves, our polity is too big for any one of us to care enough for it all at once.
But damn there’s so much good. I’m grateful. I love you!
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The SF DA going into the vagaries of justice system and policy in a room with 2000 tech people on Clubhouse is completely fascinating. Honestly incredible.
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Gotta say, 🇳🇬🇬🇭🇰🇪🇿🇦 startups are *regularly* getting funded by international VCs now. More 💵💷💶 and more countries next.
You absolutely love to see it.
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PSA not all Silicon Valley VCs feel the same way about the last four years of 🇺🇸.
Productive, inspiring evening in D.C.
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In the last week:
- A private company launched 4 men successfully to the international space station 🚀
- Two companies got 90%+ efficacy on a vaccine for a virus that didn’t exist a year ago 🦠
Science is just awesome.
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“be greedy when others are fearful” actually means “have liquidity when others don’t.”
it’s usually structural, not psychological.
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Also worth noting: technology is not software, hardware, or code. It is applied science for practical utility. The wheel was technology; writing was technology. Today, many — maybe most — digital products are the opposite of technology.
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81% of firms don’t have a single black investor. BLCK VC is here to change that. Very cool initiative that I’m excited to support. tcrn.ch/2JPUqgn
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Learned this week about a children’s media company that is privately held (86% one person), based in LA.
This co made ~ $5 billion in revenue last year selling dolls and toys.
So many nooks and crannies that surprise in business.
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We say: “I’ll believe it when I see it.”
But in reality it is usually: “I’ll see it when I believe it.”
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TIL API calls represent 83% of all web traffic.
Now all I can picture is apps chit-chatting with each other all day: gossiping about us, really.
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the confidence to take that shot... cameras everywhere, first moments of GOTV weekend. and the skill to hit it. no choice but to stan.
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Really wealthy people get family offices (and fairly wealthy ones get private wealth managers).
Love the category of fintech that is offering that for everybody else via automation.
The builders say: self-driving money is here and has been. It just isn’t evenly distributed yet.
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Startup culture takes for granted that employees should get an ownership stake in the companies they join, but the rest of the small business world still considers that radical.
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Two of the nine United States Supreme Court Justices went to the same 500 person high school, at the same time.
Happy Friday!
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Some observations from 10,000 hours in VC. None of these are polished, and many may be wrong. Who knows. Comments welcome.
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Rest is underrated of late. My mind is calmer, clearer; my son and I know each other better; my wife and I are reminded of each other.
I hope you all get a chance to really rest.
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What an image. The first shipments of the vaccine leaving the Pfizer facility in Kalamazoo, MI.
Pete Muntean
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Other countries have managed to create police forces that keep crime low without having to resort to force so frequently. The UK and Japan are good examples of this. So why does the US seem unable to do so?
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phrase i suspect we’ll hear *a lot* the next 10 years: “fertility rate below the replacement rate”
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I’m moving back to San Francisco in June. I will miss the greatest city in the world, and it was an honor to get to live here.
But its time to go back to California, where I found myself, my wife, and my career. It’s time to build. ❤️
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There is some cognitive dissonance for me, because I believe in collective bargaining.
But when it comes to public safety, and when the employer is *the people*, direct, transparent accountability must take precedence. And it currently isn't. By design.
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Seneca Village was an 1825 settlement of Black landowners in Manhattan.
First settlement of freedmen and born frees in NYC.
Their land was taken by eminent domain in 1857, the homes torn down, and many ended up homeless
... to build Central Park.
Have a nice day.
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Social networking for me is now:
- Whatsapp groups of 3 to 5
- Telegram chats of 2 to 🤷🏾♂️
- Instagram comment sections
- Twitter DM groups
Main channels got weird and noisy. Intimate relationships growing in the nooks and crannies.
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I am so grateful for my fellow Black VCs. There are few of us, but we genuinely hold each other down. I see you all. ✊🏾
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“When I was in high school, I yearned for intellectual people. In college, I met lots of intellectuals, so I yearned for intelligent people. In the real world I met lots of intelligent people, so I yearned for courageous people.”
-@glenweyl
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Multiple A+ black tech friends of mine have moved (or are moving) to ATL from SF or NYC. This is so real.
Modern-day Atlanta is "like Harlem was in the '20s"--and I talked to a LOT of people to learn what that means for the city's black entrepreneurs. (My thanks to @daniellesacks for her very patient editing!) @Inc inc.com/cameron-albert-deitc…
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I can never root against this guy. He’s done it with such poise, generosity, and dignity, too.
LeBron James moved at least 10 times between ages 5 & 8 years old. At 9, he moved in with another family until his single mother could make ends meet.
And today he made his 1 billionth dollar.
(via @darrenrovell)
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I've got a few breaking into venture opportunities for young POC. Please reach out if that's you! Will try my best to be responsive. ⚡⚡
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“51% of deals by value in 2021 happening outside America.”
silicon valley is a mindset.
The venture-capital industry is being supersized. There are risks—but it is also a chance to make the industry bigger and better. Our cover this week econ.st/3nOFlRv
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I used to get so surprised by how many successful professionals across discipline types (actors, athletes, entrepreneurs, activists, singers, venture capitalists, politicians, doctors) were progeny of the same. Data shows it’s actually the *vast majority*.
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Jurisdictions where there are police unions result in 40% more violent misconduct. static1.squarespace.com/stat…
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I read about a $5M Series A and a $65M Series A this morning.
The old taxonomy is over. I just wonder if it will ever normalize again.
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While “timing is everything”, some ideas are just so good, they bend time, and pull the future a little bit closer.
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I used to think QR codes were a joke. Now I think they’re the future. Tech prediction is weird, man.
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Well, first: there's a company called @Lexipol which writes a lot of these policies. Linking to the inimitable @samswey again.
A reminder that 95% of California cities pay a company called Lexipol to write all of their policies on deadly force. Lexipol is led by a former police officer who defends other officers in court after they shoot people.
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FilmFreeway