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The Hidden Cost of Selling Your Startup
Whenever we sell companies and they're CEOs and they go in a bigger company and they sign up for a year, I put a little note in my calendar after about 3 months to check in cuz they'll need some therapy. I remember one of the guys said to me, "I've accomplished my day at 9:07 and then the rest of my morning is just about not getting into trouble by saying stuff." It's just a very different gig. ...
The Truth Nobody Admits About AI
Here's what nobody wants to admit. When LLMs finally work at something, the implementation will be boring as Harvey isn't some breakthrough in legal AI. It's chat GPT with a law costume.Lovable isn't revolutionizing code. It's clawed with pretty buttons. Price is the lever for 90% of economic transactions.If you can get a stupid price in the public market that's higher than the stupid price you're getting in the private market, then at the margin most of you should go. With all these people leaving, is ther ...
Navan Files to Go Public and Canva Pulls the Brakes: Why and What Happens?
Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others. Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more. ----------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 00:58 The Meta Acquisition Bombshell: Nat Friedman & Daniel Gross Join Face ...
90% of Our Berlin Office Aren’t German
#20VC with GetYourGuide Co-Founder & CEO Johannes Reck. Link in bio. — #HarryStebbings #Business #shorts ...
European founders are just as driven!
I think it's to be honest when people say European entrepreneurs don't work as hard, are not as ambitious. You know, I've heard Peter Teal and like others say that like I think people here on average have a much tougher time because it's much harder to raise funds. It's much harder to build a business across Europe than in the US where you know when you raise funding the addressable market and everything is much bigger.I think we have the same ambition level uh among the founders in Europe and the. ...
How To Attract Talent To Europe 🇪🇺
I would go so far to say anyone who relocates to Europe with a computer science degree or like joining a tech company should get massive tax benefits. I don't know five years tax-free or like no taxation on stock options whatever it is like bring them over. Like we can't compete with less capital, a more scattered European landscape, more bureaucracy and less talent.Like it's not going to work, right. So we got to solve the talent part. The great thing is we can turn our weakness into a strength because eve ...
Harmonic's Hot 25
Harmonic just released its hot 25 report ranking preede, seed, and series A startups based on the aggregated interest of the thousands of investors using the platform. Here are the biggest risers and fallers as we head into Q325. Let's dive into the biggest movers.Lovable claims the number one spot, overtaking last quarter's leader with its AI powered app and website platform, hitting over $75 million ARR in 7 months with a lean 50 person team. Profound jumps to number two after just announcing a $20 millio ...
Germany’s Visa Problem
So we hired a CTO from Netflix last year, Gorov Agaval. Amazing guy. He was the guy who led all of growth at Netflix.Tremendous resume. He's Indian. For him to get a visa to come to Germany after he had signed a job contract.This guy makes a lot of money. Took him 6 months. Why.Because he had to go to the consulate in San Francisco and they only take appointments two times a week and they've been booked out for the next 6 months. So I literally had to call up, you know, the foreign office in Germany to get ...
Why Europe Struggles to Hire Executives 🤔
If I want to hire, let's say, the next chief product officer at Get Your Guide, it's almost impossible to do that in Europe. I need to go to Silicon Valley because the density of people who have done that scale, have served tens of millions of customers a year, build a business that's 10 billion plus valuation that just doesn't exist to build the structures and the processes and everything to do That. ...
“We Almost Lost Our Company”
So we almost lost the company after raising that A round. That was the moment when I made the biggest mistakes. I remember like a year or so after raising that A round.I needed to lay off 30% of the company and completely rejuggle get your guide to refocus us on the core. It was the decision that ultimately made Get Your Guide into what it is today. I would have not raised as big of a series A looking back.I think it was too much dilution. If you have a Seoia capital or an index or a Spark capital on your c ...