This solo founder went from military reserves to an $80 million exit in just 6 months. Meet Mayor Schlommo, the founder of Base 44. So he launched his app building startup solo with no funding from a laptop in Southeast Asia.No code, no team, no funding. And just 3 weeks in, he had 10,000 users. 6 months later, 250,000 users.And they hit 3.5% million in AR. and sold to Wix for $80 million. The kicker, now he's at over $und00 million in revenue.Joining us this Monday, May or Schlommo, to reveal the base 44 s ...

winning feels great. It feels amazing. And I think we sort of maybe lost our way a little bit in like the late teens in tech where everyone was, you know, they were making it about their mission and saving the world and we're doing on demand dry cleaning and on demand dog walking, but it's going to help the world this way and you should feel good about yourself.And I'm like, just go build a great business and like winning is the most fun thing here. And I think we really lost our way for a little. ...

I I think the most important thing for any business is to understand the northstar metric from which everything else cascades and the northstar metric for us and and there's two different ones actually media company and fund but the northstar metric for the fund is we must find the best founders in the world and make them want our money. If we do that everything else works everything will take care of itself. Fundraising takes care of itself.Portfolio like the best companies really don't need you. We like t ...

Climate Tech Investment Concerns - Climate tech investments are viewed as potentially disastrous and not a category in itself [1] - The success in climate tech was limited due to curiosity-driven approach [1] Economic Dependency and Carbon Credits - Businesses are heavily reliant on the price of carbon [2] - Spending billions of dollars on carbon credits may lead to layoffs when the economy weakens [2] - Allocating funds to carbon credits at the expense of employee welfare is unsustainable [2][3]

Investment Strategy - Entry price matters when Total Addressable Market (TAM) is unclear, but winning is the only thing that matters with a huge TAM [1] - Venture Capital firms see no point in participating if massive TAM expansion is not expected [1] - Late-stage businesses are either extremely successful or failures, with no way to predict the outcome [1] Technology Trends - Coding is no longer improving at an extremely rapid pace [1] - As model performance improves dramatically, user adoption increases [2] Market Risk - The industry anticipates a fast and brutal correction if instability occurs [2]

Tomasz Tunguz is a Managing Director at Theory Ventures and one of the most respected voices in SaaS and venture capital, known for his data-driven insights on startup growth and market dynamics. Previously a General Partner at Redpoint Ventures, he has backed companies such as Looker (acquired by Google), Dremio, Monte Carlo, and Twilio (TWLO), 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, Sal ...

I think visions are one of the most dangerous things. You we always told you you should have a vision. [ __ ] visions.It's so damaging. Actually, I think visions set these artificial ceilings on your potential. You know what we should do. We should be micro ambitious.We should chase very close targets with incredible fervor and not have this ridiculous any vision because every year my vision unlocks a completely new layer that I never anticipated. ...

One unfortunate thing is university curricular is slow to change. I actually feel pretty bad that even today there are universities graduating CS undergrads that have not made a single call to a single ELM API on the internet. Imagine graduating a CS undergrad that has never heard of cloud computing.It's like oh I don't need to just run things. That's weird. You just can't be a CS major and not know how to do things on the cloud.I feel like we've got to not train CS majors without also making sure they know ...

Personalization Strategies - Relentless personalization is key, exemplified by emailing Mark Benioff 53 times, or once a week [1] - AB testing different personalizations, such as favorite drink, holiday home, holiday destination, and Salesforce quarterly results, is crucial [1] - Leveraging LLMs can uncover lesser-known facts about individuals to enhance personalization [2] LLM Applications - LLMs can be used to draft personalized emails that demonstrate thorough research [2] - LLMs can reveal "amazing amazing truths" that are less obvious for personalization [2]

Talent Acquisition & Development - The industry emphasizes the importance of attracting talent, including high school and young talent with future potential [1] - Reduced investment in attracting talent is considered a potential misstep for the industry [1] Investment in Science & Technology - The industry highlights the value of investing in science and technology, particularly through supporting higher education institutions [2] - Maintaining resources for training graduate students in science and technology is crucial for the industry [2] - Actions that negatively impact science and technology investments are viewed as detrimental [2] Regulatory Environment - The industry acknowledges the positive impact of deregulation efforts by the previous administration [1]