@florianhuber Great post, except
"Raise €300k to €500k for 10% to 15% equity"
That is highway robbery for founding teams who get that far. 5% is more like it.
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Philipp Moehring - tiny.vc
20.1K posts
Philipp Moehring - tiny.vc
@pmoe
Backing great companies when they’re tiny. Cofounded Tiny Supercomputer Investment Company. Seed investor @n8n_io @Wayve_ai @Synthesia_io @Payhawk, +200
Berlin, Europe Katılım Aralık 2007
3.7K Takip Edilen18K Takipçiler
@IanRountree Congrats Ian, that’s awesome!
Very good news for the founder heroes who get to partner with you.
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I started Cantos a decade ago with a $4.5M fund 1 and delusions of associated grandeur. I called it “cantos” dreaming that I might partner with founder-heroes whose impact would propagate through time, remembered as legends.
10 years might have jaded me but it’s quite the opposite. Now I KNOW the future can be shaped. Our portfolio founders have shown me—so our ambitions are as grand as ever.
May your deeds echo a thousand years.
🏛️
Cantos@cantos
We have two exciting announcements today as Cantos turns 10… First, we closed our new fund earlier this year. Canto IV is a $70M fund purpose-built to lead pre-seed and seed rounds. We oversubscribed, wanting to keep it right-sized for being a founder's most aligned first partner. Second, we launched our new look with help from our friends at @asimov_co! Cantos is so-named as an ode to epic poems, where grand stories are written in "cantos" rather than chapters. We view founders as the protagonists of today's epics and seek to back those whose deeds become the stuff of legend. Our new website is a testament to the scale of their ambitions, with visions from a future they will have shaped. Resonat in Æternum 🖋️
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@ivanburazin I think both the expectation of 'real' and 'enough' are difficult in many, if not most, realities.
It's a zero sum game, and most research shows that it's mostly professional actors taking money from actual people who think they have insight.
Gambling/addiction comes on top.
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I have mixed opinions on prediction markets.
They are genuinely good at finding the truth. When people put real money on something, they reveal what they actually believe and not what they want to be true. And when aggregated across enough people with enough skin in the game, that signal is surprisingly accurate.
The problem is that gambling addiction is real, and it ruins lives the same way alcohol and drugs do.
So I'm genuinely conflicted. The mechanism definitely has its merits. But accessibility at scale is a serious risk.
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Very excited to be visiting London this week to meet with some ridiculously ambitious talent!
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Despite the US firms cleaning up the early stage cap tables in Europe, I’m feeling like I need to have more a ground game.
And now I have a week in London coming up. Who are the GPs I absolutely have to meet? Minimum fund size $75M.
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This is exactly what’s happening with the public funding of VC.
Misha Teplitskiy | Science of Science@MishaTeplitskiy
3. Milton Friedman was against public funding of science
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This kind of fetish-as-a-beard exists much more broadly than just pop culture
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“That's why it's excruciatingly boring to talk to such people: They're always asking you questions they know the answer to.”
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@drnovac If you raise the biggest pre seed, seed, the biggest A - you have to perform better than everyone else.
Big raises are nice on LinkedIn, but you have to do everything faster, better, without mistakes.
Sometimes, that smaller raise is better for everyone, also the founders' ego.
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if you don’t like the heat, get out of the kitchen
An early-stage investor told me that European entrepreneurs are tired. They feel the pressure to over-perform and become the next Lovable, which claims to be the fastest software company ever to go from $1M to $100M in ARR
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Philipp Moehring - tiny.vc retweetledi
If you like music, book tickets to peoplefestival.berlin right now.
If you’re not in Berlin, this is your sign to be in Berlin in October.
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I checked and my April MBP is now 600 Euros more expensive. Nuts.
Joe Weisenthal@TheStalwart
MACFLATION (ht: @BijanTavassoli) IS HERE: In yesterday's newsletter, I wrote about the almost unprecedented surge in the price of certain consumer electronics.
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The real cost of a tracker is the PTSD from a vibrating wrist.
Dan Go@CoachDanGo
Which one should you buy? It depends. Everything in one device: Apple Watch, but the battery life sucks. Hate subscriptions: Apple and Fitbit Air. Best app experience: Whoop. Want a ring: Oura. If I were to wear one for the rest of my life: Apple as it does everything from sleep tracking to workouts.
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Opens 'for you' tab...
Wow, I am so happy that our American friends care so much for our health, wealth, and wellbeing.
Closes 'for you' tab...
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Philipp Moehring - tiny.vc retweetledi
@andreasklinger @rodolfor @drnovac Just for everyone else, this is the GARMZ hoodie blazer, designed by Karl Lagerfeld’s second in command, @andreasklinger
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@vietdle Hope you recover fast from the Amerikaschnupfen and toughen up. No blood sweat and tears without sweat!
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