Jake Fuchs
833 posts

Jake Fuchs
@jake_fuchs
Investor @Fin_Capital_VC | Prev: @basecampfund @banktechventures
stream of conciousness Katılım Ocak 2021
1.8K Takip Edilen517 Takipçiler

@KicksFinder Kind of funny if you click to read the “terms” to accept, it redirects you back to the same page
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Travis Scott password page up! 👀
>> buff.ly/t5HmEtM
Follow and keep notified for any updates 🔔

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@FoundersPodcast @MichaelDell pretty epic that @MichaelDell still wears his badge on his belt loop
No one is above badges at Dell
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👋🏻 I’m excited to announce I’ve joined the team
@Fin_Capital_VC investing in the next wave of B2B fintech companies
if you're building in space, let's get in touch!
☕️ is on me if you’re in nyc!
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isn’t this just a signal that relative value opportunities in venture have shifted for this cohort? It seems like best risk-adjusted entry point is now A for many early stage funds
will shift again at some point in the future
[and I expect others (angels, strategics) will fill the gap at seed for the time being]
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Seed math is broken
Median post-money at seed last year: $14.8M (Carta)
Seed-to-A conversion rate: 13% (Carta)
That implies a risk-adjusted A valuation of $114M
But the median post-money at A? Just $56M
(It’s actually worse once you factor in option pool refresh and post-seed bridges)
So why do VCs keep piling into seed?
1) Belief that breakouts will be fast/big enough to outrun the math
2) Hope that ownership can be fixed later by doubling down
3) Everyone thinks they’re better than the median
Most funds won’t make this work
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@pitdesi the cost of having to sit with another person for 30 minutes 🤣
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Idea: a hotel brand geared towards great sleep
I get especially bad sleep when traveling (jet lag etc) and being alert is often even more important than usual
So design a hotel around it:
Soundproof rooms with warm lighting, blackout curtains, great bedding & mattresses with firmness options, weighted blankets for those who want them, individual temp control
Provide sleep tracking, smart wake-up, soothing audio for those who want it
Better nutrition in the restaurant, minibar with sleep oriented products (sleepy tea, etc)
You can take it further with wellness- saunas and hot tubs, sleep focused massages, etc.
I would stay!
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@saranormous Check out my reading lists from the past two years — AI 2041, The Price of Time, and The Money Trap were 3 of my favs
2023: @jakefuchs1/reading-a-year-in-review-2023-1e261b008809" target="_blank" rel="nofollow noopener">medium.com/@jakefuchs1/re…
2024: @jakefuchs1/my-2024-reading-list-da8ce5793165" target="_blank" rel="nofollow noopener">medium.com/@jakefuchs1/my…
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I’m gifting 10 @function memberships. Comment “2025” below to get one. 10 people will be randomly selected at 11pm ET on Jan 5th. No strings attached. This one is on me.
It’s personal. Across 100,000+ Function members, I’ve witnessed lives saved, worries eased, risks flagged, and celebrations for what’s working. Myself and my loved ones included. Our health is knowable. We have agency over our future when we know it.
It’s time you own your health—in 2025 and every year after.
For good measure, Function’s legal team asked me to add these terms: functionhealth.notion.site/gift-js?pvs=4
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do the Jan 1 attacks in New Orleans and Las Vegas degrade trust in the P2P economy?
both were facilitated through @turo - a P2P car rental platform
will there be knock-on effects to folks like @Airbnb in the short-term?
have to imagine there’s a “I don’t want my [car, house, etc] to be used in a potential terrorist attack” narrative that starts to form
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@landlawyerbrian Out of curiosity did you move to a smaller localized bank? Or did you just switch to another larger Chase competitor?
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Today, we moved our funds from Chase Bank to a bank that actually values its customers.
My experience at a Chase branch today affirmed we made the right choice.
Here’s what happened:
1) I witnessed one man leave—and say he was going to transfer our his funds—after being told the bankers were "too busy" to help him, despite clear signs they weren't.
2) My simple wire transfer took an hour and a half because someone decided to extend their lunch break.
3) While I was waiting for someone’s lunch to end, a customer got into an argument about scheduling with a bank associate, and he left, too.
Nobody in the bank batted an eye.
In my opinion, J.P. Morgan Chase's size and rigid corporate protocols are the real culprits here. This isn't on the branch employees; the culture problem starts at the top.
Glad to be moving on!
Has anyone else had a similar experience with Chase? I’d love to hear some stories.
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Mdest proposal: All Luigi fans and stans should band together and create or purchase their own health insurance provider.
If the problem is really United Healthcare, they can save countless lives. If the 2% profit UH makes is really so obscene, surely all Americans will be thrilled to switch to a new more-efficient provider that doesn't deny any claims! I haven't figured out how that will work given that the the ACA/Obamacare specifically prohibits charging enough to make such a thing possible, but that is just a minor detail. It isn't like the supply side could be the problem, and certainly not government regulation and crony credentialism.
No, surely a new CEO can solve our health insurance woes and make a better product that everyone prefers by acting as a conduit for the brilliant ideas of murderous social media commenters.
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with the boston symposium approaching...
i wanted to show how unusual these are
this is a treasure trove
thebankingsymposium.com
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@commbankerguy did you use a marketplace for this? or just moved through traditional means?
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