Investing $100K-$300K into pre-seed companies @ Path Ventures. Always taking burger recommendations.

Joined March 2009
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Happy Friday! I'm thrilled to announce the launch of my seed fund, Path Ventures (path.vc). I'll be investing between $150k-$300k in early-stage companies that are delighting and empowering their customers. If you're building one of those, reach out!
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Ironically, best use of AI tokens in film/tv right now would be to shoot a dozen low budget projects/year with tiny crew and big vision, and up-level them 10x with AI. Keep crew across projects, recast actors where possible, incentivize with equity. Who is doing this?
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$700 gets you in the door to watch Game 2 in San Antonio. $10K for Game 3 at MSG 🤯
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In the early 2000s, Salesforce was pioneering the subscription software business. Critics complained it unsafe to move company data to external web servers, it was too expensive over time relative to paying upfront for a CD-Rom, and it wouldn't be able to manage complex tasks.
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Any of this sound familiar?
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Blumhouse continues its masterclass in disciplined cost control, equity alignment, and proper incentive structures. @jason_blum keep running it up - seems like they're not even trying to catch you at this point.
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In hot times, decacorns are often just horses with costumes. There were ~37 net new decacorns in 2021. If you had invested $1 evenly into all of them, you'd have ~$0.88 on the dollar today. And if you did most but missed Databricks/Revolut/Reddit, woof. Be careful out there!
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Jean-Michel, ex-Shopify CTO, joining Spellbook. Pretty rad. Beyond bullish.
Very stoked about my next adventure. I’ve joined Spellbook, but not as CTO. I’m joining as an Executive IC. It probably means different things to different people. It means I'm here to build and be hands on in every part of the company. I've invested and been advising and getting to know @scottastevenson and the team for more than a year. At some point it became obvious the most useful thing I could do was stop talking about ideas and go work with the team. With AI making code cheap to copy, what's going to be hard to copy is the shape of a company. How a team learns, decides, and ships. That's what I want to work on. It's what I've spent the last three decades learning to do. Why Spellbook? The world has entered into one of the largest investment cycles in decades. Trillions of dollars are being deployed into energy, AI, manufacturing, transportation and the modernization of critical global systems. Despite this, progress still moves at the speed of contracts. Spellbook’s mission is to modernize the $1 trillion transactional legal market so the contract system can keep pace with the global economy. At the same time, every contract ever signed is becoming searchable, comparable, and weaponizable by counterparties, regulators, and plaintiffs' lawyers. You will be attacked. We're hiring. Slight bias toward Canada, but remote-friendly for great talent. DM me.
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Who are the best early-stage founders in cybersecurity and privacy?
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Look, I'm not saying the viral CEO video worked, I'm just saying I've had McDonald's 4 or 5 times since then.
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Ok ok now a VC firm has to redo the 'WAZAAAAAAA' Budweiser ads and just run away with the game.
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This is a best-in-class business functioning at the highest level. You’re at a significant disadvantage if you work in any research/science/academic field and you’re not using it. Founding team also high on list of “stuck on desert island and need to survive, who do you bring”
Today, we're announcing $30M in new funding to build the AI OS for Research. 2.5M researchers start their work with Consensus every month. Their work is the foundation that all progress is built upon. We could tell you our story. We'd rather they did👇
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2002 Jensen rookie goes ridiculously hard (Nvidia now 9x bigger than intel, aim high)
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A portfolio company needs help with email deliverability issues - any email infra ball-knowers out there?
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I'm hiring a Principal for Path Ventures (first full-time role besides me). I made a fun game to kick off the application*, and then proper instructions will follow. Please send me your best people! principal.path.vc/
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*game answers unlikely to impact hiring decision, but they will unveil the job post and submission instructions, and quests just make things more fun.
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Founders, don’t try to make everything look good on your updates. Stay hyper-consistent with your metric reporting unless you have good reason to adjust something. If you keep moving the goalpost to reframe the narrative, it erodes trust with your investors.
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Founders that spend too much time/energy on their 'moat' will forget about their castle and lose. Do the thing at a high level and the moat digs itself.
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VCs after Thrive bought a baseball team.
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We're in the 'highlighting that it's the largest series A in the space as a good thing' part of the cycle.
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Founders, don't be too cool for your startup. If you're not beaming about it, excited to tell a stranger about it, wearing it on your sleeve, it's going to be a long road!
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