Sriram
3.5K posts

Sriram
@deepsimulations
Trend Spotter. Prev: @Google @RobinhoodApp
San Francisco Bay Area Beigetreten Haziran 2010
1.7K Folgt2.6K Follower
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RT @lqiao: I’m extremely excited about working together with @cursor_ai and @Kimi_Moonshot to pushing the most cutting edge quality and in…
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$6M raised. top tier investors. $2M still in the bank. $500k ARR, but declining.
and completely stuck.
talked to a founder last week in this exact situation. they were building a consumer app. it kind of worked. they grew quickly with social media, but it plateaued.
revenue somewhere between $500k-$1M ARR. consumers have churn, so declining revenue.
things didn't end here, after the product stopped working, cofounders had different ideas on their next steps. one cofounder wants to continue to try, the other wants to do a hard pivot.
classic founder split.
and investors don't care. at all.
not because they're bad people. because $4M is a rounding error for their fund. they'd rather write it off for tax loss harvesting than spend cycles figuring out the mess.
"just have a clean breakup" is the actual advice from tier 1 VCs.
this is what nobody talks about. there are hundreds of companies like this. raised real money. built real products. making real revenue.
and completely trapped.
wrong cap table structure. wrong cofounder alignment. wrong growth expectations set by the raise size.
the founder could return every dollar tomorrow and investors would shrug.
sometimes the best move is to stop optimizing for investor feelings and just decide what you actually want to do with your life.
if you want to sell your company, you should do so without worrying too much about how you are going to make the investors whole.
you don't owe investors every dollar back. what you actually owe is "a shot at greatness" - and that's impossible when you're spending months negotiating a breakup instead of building.
make decisions for your next big thing and stop worrying about sunk cost.
if investors believe that you did your best, they will support you again
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small life update!
i’ve joined Andreessen Horowitz’s @a16z venture scout program!
they are essentially letting me manage a little bit of money to write checks into startups. super grateful for the opportunity and excited to begin my angel investing career with the institutional backing of a firm as storied as Andreessen Horowitz (early into facebook, twitter, airbnb, lyft, slack, coinbase and many more)
big thank you to @dhaber for the connection and opportunity
i’ve had a little success with investing in public equities, I have no idea if any of those skills could translate to the private markets. investing at pre-seed/seed requires a different paradigm as there are no numbers, financials, track-record, and quite frankly there may not even be a product – it really is a bet on the founder and their vision.
having said that, if you are building something really cool and raising money, I’d love to hear about it.
please email amit@akcomms.com. you can include anything you have whether that is a deck, one pager, etc.
i’ve also built out a website that anyone can read to get a sense of how i think of investing in general and the 5 startups I’ve invested in over the past year (one has 20x’ed, one has 10x’ed, the other 3 just finished their seed round last month)
no clue if I will be good at this but I appreciate a16z for the opportunity and hopefully we can try to find the next uber or robinhood being built in the early days – excited to see any pitches and please don’t hesitate to reach out!
angel investing philosophy below!

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Today my inbox exploded.
20+ messages in a few hours. Every one about the same thing: Gamma, one of our closest competitors, raised at a multi-billion dollar valuation from a16z.
Mild panic hit first. Then I opened Twitter.
People were talking about what they still want from presentations. The pattern was clear: they see Gamma as Canva for slides. A tool for a Canva-like audience.
Then I looked at our users.
They come to Chronicle for something different. Professional, enterprise-grade presentations. Early-stage founders staking everything on pitch decks. Large enterprises closing deals with sales decks.
They don't want AI to make the final presentation. They want it to create a strong first draft - then give them the tools to finish it right.
Every feature we build serves high-stakes moments. My co-founder and I sat down. We worked through two realizations:
1/ There's always space in a market
For every Jira, there's a @linear. For every Otter, there's a @meetgranola. For every Rewardful, there's a @dubdotco.
Being 10x different for someone specific beats being marginally better for everyone.
2/ User behavior is the proof
People switch to Chronicle because their stakes are high. Their audience is critical. Their presentation can't look like everyone else's.
Early in our fundraising, investors called the presentation space a graveyard. Decades of companies tried and failed to dent PowerPoint's dominance.
Gamma broke that cycle. They proved this market can be disrupted. They expanded the realm of what's possible.
Congratulations to the Gamma team. You changed the conversation.
Now we keep building: for the users who won't settle for good enough.
sam@SamuelBeek
So strange: I'm obsessed with decks, but I've never met anyone that uses gamma, who uses them? what makes it great?
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AI will not cause job losses, but it will prevent a jobs recovery. Once the economy falters and layoffs start, those jobs aren't coming back, even with lower rates.
That's the part that everyone is missing.
David Sacks@DavidSacks
According to a new study from the Yale Budget Lab, AI has caused no discernible disruption in the labor market based on 33 months of data since ChatGPT’s release.
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The 50-year mortgage doesn’t make homes more affordable; it simply provides exit liquidity for existing homeowners.
Prices will rise, any short-term affordability will be negated, and young buyers will end up renting from banks for life.
[Presented by @JoinHorizon]
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