Writing worth reading - 18th/19th February 2023
The State of U.S. Early-Stage Venture & Startups: 2022 by Matthew Speiser
“These increasingly less favorable market conditions for startups may be good news for investors. While median and average valuations increased YoY, they showed marked declines in 4Q22, indicating the market is becoming more buyer-friendly...”
Death of The Generalist Seed VC by Hunter Walk
“Founders of these companies are looking for lead investors who can de-risk their path forward. Being a pure generalist VC makes it very difficult to convince savvy founders that you have the industry relationships, relevant pattern-matching, and density of experience to be their best lead investor.…”
McKinsey’s Missteps Point to an Industry-Wide Mess by Adrian Wooldridge
“The sheer number of scandals has inevitably led to a backlash against the consulting industry. Anand Giridharadas, a former McKinsey consultant, summed up the opioid crisis memorably as “the banality of evil, MBA edition.” Lord Agnew, a British minister, has argued that Britain’s addiction to outsourcing has left civil servants infantilized…”
The internet feels small here by Yancey Strickler
“When Aaron shared this idea I was still living in Vancouver, and this way of seeing myself resonated deeply. In Vancouver my world was incredibly small and my context even smaller. There my defining trait was I didn’t snowboard or ski. When I met people that’s what was most relevant about.…”
Upcoming meals with 9others
Tuesday 21st February 2023 — Paris — details and signup here.
Wednesday 22th February — London — details and signup here.
Wednesday 29th March — London — details and signup here.
Please book in & share with good people you know in the above cities.