Tracy Fong

Adult friendships require grace. People are busy. People are working. People are parenting. People are burnt out. People are healing. People are fighting health battles. People are prioritizing their true responsibilities. Don’t mistake minimal communication for a lack of care or love. Some of us are just getting by and giving everything we have to our families. Check in before you check out.

@KyleSamani @multicoin Super congrats on your epic run! Even bigger congrats to the courage and conviction it takes to shift your identity and purpose in this next chapter!!

0/ A personal update I have decided to step back from @multicoin. It's a bittersweet moment for me because my time at Multicoin has been some of the most meaningful and rewarding of my life. That said, I am excited to take some time off and explore new areas of technology. After nearly a decade in crypto, I’m more confident than ever that crypto is going to fundamentally rewire the circuitry of finance. I believe the Clarity Act will unlock a tidal wave of new entrants and spur adoption unlike anything we’ve seen. I remain bullish on crypto, specifically Solana, and intend to continue making personal investments in the space and supporting Multicoin portfolio companies. Moreover, I will continue to serve on the board of @zama, and I will continue in my role as Chairman at Forward Industries (@FWDind). More on Forward in next tweet. It goes without saying that I also remain bullish on Multicoin. My partners @tushar_jain, Brian Smith, @johnrobertreed, @mattshap1, @xethalis, @SpencerApplebau, and @shayonsengupta are some of the best investors and operators in the world. I am excited for them to continue to drive the crypto ecosystem and Multicoin forward for many years to come. To all of our portfolio founders, LPs, and industry partners—thank you for the opportunity to work with you. For reference, here is the letter we shared with LPs today drive.google.com/file/d/1bsoabi…

@IronChevsky Hi from MQ! Where is this? I’m in Niseko and Tokyo this season again!

It’s not just the noodles—the deeply flavorful bonito broth makes all the difference. So seaweedy, so saline. Can’t stop eating.

@IronChevsky Hi from MQ! Where is this?

Tsukiji’s outer market in Tokyo, once a Mecca for fresh fish, has shifted toward wagyu. Fish feels touristy and is nothing special here; wagyu is in. It’s abundant, well priced, and melts when treated right. But take wagyu to medium. Rare looks great, but the fat hasn’t rendered enough.

@IronChevsky Hi from MQ! Where is this?

Eye-opener in Tokyo — Otoro (fatty tuna) works better minced than in the sashimi or sushi format. Chopped fine, the fat emulsifies and turns creamy, almost like mayo, instead of sitting in layers. Deep-roasted,crispy nori makes a real difference too.

Every ping either builds trust equity or burns it. It’s an overcrowded market; real currency is respect for others’ time.

@balajis x.com/garrytan/statu…

If you are pinging someone who’s busier than you, you should have a single well-thought-out specific ask. Only ask for something you truly cannot do on your own, and where you have done everything you possibly can by yourself. For example, if you’re asking someone to send an email on your behalf, you should have a draft message ready. If you’re asking them to sign something, you should prepare a docusign beforehand with the signature blocks indicated. Or if you’re asking for an appointment, you should do it at their convenience. Asking for time is like asking for capital, so be efficient with your asks.

@balajis x.com/garrytan/statu…

🚀Below is my conversation with @tracyfong of Albourne Partners who has over $700B Assets Under Advisement. We discuss the role LP consultants play in the ecosystem, and how endowments access emerging managers. Full episode links below👇. “It is purported in the press that Yahoo offered a billion dollars to acquire Facebook. It's purported at the time that I worked at Yahoo. In that context, it was a really interesting set of competitors that we still considered competitively, not necessarily in the context of M& A because this is all purported, of course. Competitively, there was increasingly more social media advertising, inventory in the market. And it was an area that we felt we needed to pursue over time. Just as you said, market dynamics and how innovative market innovations need to be pursued by these underlying companies. So as Yahoo observed some of this opportunity set to continue to expand into this area, perhaps if a billion dollar worth of price tag, it was underpriced relative to the total addressable market over time.” (00:00) Episode Preview (01:06) What is Albourne and How do LP consultants work? (01:41) What Tracy has learned since joining the industry in 1999 (02:41) Learnings from the dot com bubble (05:45) Are companies now making the same mistakes present in the early 2000s? (07:03) Tracy’s tensure on the M&A team at Yahoo (10:28) Episode Sponsor: Tactyc (12:04) Yahoo’s rumored Facebook acquisition offer (14:46) How the market adjusted with YouTube and WhatsApp (17:31) How top endowments are investing (19:01) Do access constrained funds still exist? (22:22) Why being a hybrid manager is unique (23:13) Finding greenshoots in bear markets (24:38) Main investing mistakes family offices make (26:45) How to understand the market before making a venture investment (29:57) Albourne’s mission and reach (32:35) Why it’s critical to always be in the market (33:19) Why Albourne is differentiated (33:56) How to engage an LP consultant (37:48) Why fund of funds have grown in number and popularity (40:27) How to reach Tracy #OpenLP @TurpentineMedia @eriktorenberg Torenberg Thank you to our sponsor @tactycHQ.

Signed up for #hacksummit 2023! Amazing line-up! 2023.hacksummit.org @alpackaP @ed_roman @hsinju @DystopiaLabs

@humanworkplace gocleary.com/blog/ghosting-… @ClearyApp @ThomasKunjappu

Employers ghosted candidates for 20 years and nobody said boo about it, but the minute the tide turned and candidates started ghosting employers it became a breathless (“how dare they?!”) national story. Instead of writing about how employees can’t wait to get back to the office

@UnfriendlyPei gocleary.com/blog/ghosting-… @ClearyApp @ThomasKunjappu

Unpopular opinion but, ghosting is the worst behaviour pattern that we’ve normalised. Like no, leaving someone on read, whether a potential date, employee, flatmate, whomever without a reason and closure is honestly stupid and no, justifying it using mental health isn’t it either

@miketnnnbm @karlpetermichl Gocleary.com @ThomasKunjappu

@karlpetermichl ah I gotcha. Yeah, I want something better and more modern than Sharepoint, which is where Notion comes in to play. I don't actually know the total count of tasks and projects but I have heard of people running Notion at a level of scale that sounds around yours

This seems to be the stack of many rapid-growth, high-performing organizations. After much analysis I've narrowed ourselves down to these three as primary tools. Some redundancy, yes, but each tool flexes in its own way. To guide people's usage I'm exploring these guardrails. Eh?

@Paulo__34 @PhilipMorton Gocleary.com @ThomasKunjappu

@PhilipMorton It depends on what you want to do on the wiki. Notion could be better than Confluence on some points for 200 employees, depends if you plan to grow. Confluence is better in other areas. SharePoint is definitely not the right tool for your company size. As for file storage

@christophersaum Gocleary.com @ThomasKunjappu

I'm helping on of our portfolio companies & I'd love to connect with anyone who uses Notion, Confluence, Google Sites, or Sharepoint to manage their company home/intranet/handbook.

@marcmcg @hondanhon Gocleary.com @ThomasKunjappu

@hondanhon Sharepoint isn’t really any better though. I really wish Notion had some better intra team permissions / licensing. I have a soft spot for Confluence but it’s not great at organizing large collections of unrelated things . Why is it that there’s still no perfect place for docs?

@Bororoga @o_gabsferreira Gocleary.com @ThomasKunjappu

@o_gabsferreira Tem algum link/template do Notion para que eu possa ter uma ideia de como criar algo semelhante na empresa onde estou? Não há nada documentado/oficializado por aqui, todos os processos e procedimentos são largarmos em chat de Teams ou arquivos de mais de 10 anos no Sharepoint.

Na empresa que você trabalha, vocês usam alguma ferramenta pra compartilhar conhecimento com o time interno? Um wiki ou algo do tipo? Tava querendo algo assim sem ser Notion.