Larry Cheng
4.7K posts

Larry Cheng
@larryvc
Co-Founder/Managing Partner, Volition Capital. Journaling general business thoughts so I don't forget them. Christian. Harvard. Several private/public boards.
Boston, MA Katılım Mart 2009
1K Takip Edilen69.1K Takipçiler

I was telling an LP today that over time, I've come to believe that if you have to have a market size slide to justify the size of the opportunity, then it's not a truly big market. Truly big markets are obvious.
They said that's the same dynamic when evaluating GPs. If a VC pitching an LP has to have a slide that justifies the size of their geographic opportunity then it's not that big of an opportunity either.
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The case for founders to reverse vest their founder stock is to protect the co-founder who stays from having to carry a co-founder who leaves from a free ride.
The concept of reverse vesting is often received by founders as a penalty since they already own their stock, but it should be received as protection by any founder who is committed to staying.

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I completely love this Reddit post from @USMobile founder @khattkoo on how we screwed up.
reddit.com/r/USMobile/com…
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I encourage a healthy level of humility and paranoia if you're leading a company dependent on:
- 1 or 2 customers
- 1 or 2 channel partners
- 1 or 2 platforms
- 1 or 2 acquisition channels
I've seen some work and others get sideswiped. Nothing should be treated as guaranteed when that type of dependency exists.
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Next X Livestream:
When: Tuesday, March 17
Time: 10:30am EST
Special Guest:
Nat Turner (@natsturner), CEO of Collectors, Inc. (Parent of PSA)
No formal agenda or topics. Just hanging out talking about trading cards and other fun stuff. Mostly just taking your questions.
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Interesting, @WHOOP doesn't have a default activity setting for cross-training, but it does have:
-circus arts
-darts
-dedicated parenting
-firefighting
-hot dog challenge
-poker
-thrill ride
Hmmm, ok, to each their own I guess?
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Today was my day to teach the Chewy case at MIT Sloan. It’s become a fun annual tradition to teach this class and remember the many key decisions made along the journey. Thanks for the opportunity @bhalligan!
Brian Halligan@bhalligan
Chewy case at my class today. Great customer service will never go out of fashion.
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Makes sense…. The absence of any of the four is not an insignificant gap.
Marc Andreessen 🇺🇸@pmarca
My information consumption is now 1/4 X, 1/4 podcast interviews of the smartest practitioners, 1/4 talking to the leading AI models, and 1/4 reading old books. The opportunity cost of anything else is far too high, and rising daily.
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How is it humanly possible to run 13.1 miles at:
- 4:22 min per mile pace
- 13.7 mph the entire time
Crazy impressive…
Barstool Sports@barstoolsports
Jacob Kiplimo sets a half marathon world record at 57:20… Yes, that’s 13.1 miles in 57 minutes and 20 seconds. Incredible.
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