Vanagon

@JoinOdin @credistick The double-down on the winners strategy is especially hard for pre-seed when even past Series-A you propably don’t know if this will be the winner just yet

“While reserves can occasionally boost returns, they can, and more frequently do, bring down fund multiples. They also (dare I say) sometimes create potential conflicts of interest with LPs. This is why LPs want to understand how a GP thinks about using reserves.” Dirty Secret: Venture Reserves are Not Always a Good Thing, by @SapphireVC Reserves are a magnifier of performance, but research shows they tend to exacerbate underperformance more than they amplify outperformance. Essentially, you need to be highly confident that you can put that capital into the right portfolio companies for it to boost your ultimate fund performance. However, this introduces signalling problems where if you openly use information asymmetry to double-down on "winners", you harm the fundraising chances of other portfolio companies. Alternatively, if you follow-on at every opportunity, you have to maintain conviction in every portfolio company and beat the odds with the outcome. Read our guide to reserve strategies for emerging managers, below.

@PrajwalTomar_ @iamjohnellison Love stitch but struggle with getting Text 1:1 into the Canvas as I need it for a Whitepaper landing Page

I've been testing Google Stitch 2.0 for a week now and it's genuinely replacing Figma in my workflow. → Infinite canvas where you drop references, screenshots, and everything in one place → Voice mode that feels like talking to a colleague about your design → Auto-generates the next screens by predicting what you haven't built yet → DESIGN(.)md gives you a portable design system in markdown → MCP server that pipes designs straight into Claude Code If you're still designing MVPs in Figma from scratch, you're wasting hours. Stitch into Claude Code via MCP is the pipeline that kills "AI slop" for good.

@RossHudgens @bernardjhuang @grok summarize main statements

How GEO actually works w/ @bernardjhuang 03:05 – Is GEO actually different from SEO? 18:00 – Mentions vs backlinks in an LLM world 24:30 – What people are getting wrong about GEO 42:55 – The “long, long tail” & the future of content

@rahulluthra22 Here!🫶

Pitch deck design for founders & startups. → 27 slides + figma file + font file → Comment on the post and I'll send it to you → Must be following so I can DM

We worked with @vanagon_vc to design and build their new landing page, and it quickly became clear this wasn’t just a cosmetic refresh. Vanagon backs founders building the technologies Europe will rely on next: AI infrastructure, deep tech breakthroughs, and hard problems that demand real conviction. That level of focus shaped every part of the collaboration. We created a landing page that reflects that purpose. Clear, fast, and confident. A digital front door built to match the ambition of the teams they support. See it live at vanagon.vc A team we trust. A mission we believe in. A build we’re proud to stand behind. - @spacekayak ✕ @vanagon_vc

@felixleezd @ADPList Me plz

Design is the differentiator in AI era. Companies are waking up to the importance of having good design. Today, @ADPList is releasing an extraordinary collection of 90 winning design tactics used by the world's best products like Duolingo, Airbnb, Figma and more. This is a blueprint for design, proven by the best, and ready for you to use—we believe craft is eating the world. Want a copy? Just raise your hands below, I will send it to you!

@lessin All things DeepTech: deepdrive.substack.com

What are best VC newsletters (there are some) ... like coatue takes or slow snail mail - pls comment like to your favs (and yours i guess :)

@SahilBloom I‘ll suggest that to future founders

Everyone should do this before they get married…

@Gerashchenko_en Technically, no true Champagne comes from the US. The name “Champagne” is legally protected and can only refer to sparkling wine made in the Champagne region of France, under strict rules.

Friends, What are your thoughts on this and how can events develop in the future?

@Elitiker madeometer.com

Die Bevölkerung von Kanada 🇨🇦 boykottiert US 🇺🇸 Artikel, listet sie aus und steigt auf heimische Produkte um. Nicht, dass wir das in 🇩🇪 auch machen sollten, aber lasst uns mal einen Blick auf die OTC-Medikamente in der Apotheke werfen:

@HarryStebbings Wasn‘t @EarlybirdVC in @UiPath ? medium.com/birds-view/uip…

All of these companies got turned down by 50+ European VCs: UiPath ($8.2BN) Wolt ($8.1BN) Bolt ($8BN) Glovo ($2BN) Flo ($2BN) The VC company analysis framework is so broken. Founders, it is a numbers game. Head down and keep going.

@immasiddtweets You are the IT department of IBM

Give me ONE good reason to buy a Windows laptop apart from gaming.

@credistick projected ownership stake at a meaningful exit. If a single investment has the potential to return the fund based on ownership levels reached at the seed stage, then holding a smaller reserve for pro-rata participation isn’t necessarily a downside.

Clarifications: - I’m not saying reserves are always a good strategy. Follow-on opportunities should be considered as independent propositions, on a case-by-case basis. - Concentration is the most common mistake VCs make. Maintaining an appropriately diversified portfolio is the foundation for everything else. - The problem is specifically stating that follow-on participation would be damaging to fund returns because of price inflation at the subsequent round. It is critical that downstream investment remain healthy in order build a process that actually produces healthy exits. Forgetting this is why VC has an existential liquidity crisis today.

Listening to a VC podcast where the guest talks about not having a reserve strategy for follow-on rounds. She explains that as the follow-on is done at 4-5x, investing at that point could "really damage fund returns". This is despite the fact that she has privileged information about portfolio companies, and thus an asymmetric advantage in selection. Basically, she's admitting that her firm produces unattractive, overpriced companies for the purpose of generating stronger markups in the short term. She's admitting this even though it undermines all of their portfolio companies; I really don't think she has properly considered the implications. This is everything that is wrong with venture capital today: short-term thinking and a poor understanding of investing theory.

@ArnaudDyevre @exomatter_ai

I just read the paper in full; it is even more spectacular than I initially thought. A short thread about the results and their significance.

venture capital is an incredible gig. - you take risks with *other* people’s money. - you get paid a hefty fee no matter what. - you can spend lavishly on unlimited traveling, parties, events, & “tech week”. - you get to go on podcasts & say the same stuff you read from a twitter anon. - your investment performance is opaque for at least 10 years+ which means you get to fly under the radar for years & create a reality distortion field around you. - you get to play around on the internet, read reddit posts / tiktok’s, & then subsequently share them as “insights” on your twitter account… you are then perceived as a thought leader in that space. - you get to write esoteric growth & “framework” posts on your firms blog that are so broad & so complex that they’re virtually incomprehensible. oh and then a post talking about how “groupme” got distribution. my only question is, where the fuck do i sign up?!?

Check out the latest article in my newsletter: DePIN: Unlocking New Opportunities in Decentralized Physical Infrastructure Networks linkedin.com/pulse/depin-un… via @LinkedIn

@pmoe Best product placement looking at this bag

It’s four o’clock somewhere.

@pmoe Sharing dealflow waiting for joint Co-Investments or comittment into your fund: seeing potential LP on the cap table of deals and ghosting you

Emerging VCs and everyone who can’t raise in 4 weeks: I would love to hear your horror and love stories so we can all level up.

It’s Superventure week, so Berlin is full of GPs and LPs. I am not fundraising right now, but invest in funds and talk to every emerging manager I meet. I can say this: LPs in 2024 act a lot like VCs did in the early 2010s. Here’s how:

@Aelpheris Sign up for ReFi talents prosper and grow with other people in the space

Ok fellow #regens, what can I be doing right now to be a better contributor/collaborator to the #ReFi movement? 🌍