document processor @reductoai
Joined May 2018
- Tweets 1,285
- Following 1,426
- Followers 6,880
- Likes 16,672
216 Photos and videos
Adit retweeted
the @reductoai lunch table is getting more and more crowded and we have no complaints ⚽️
#hiring #reducto #worldcup
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Adit retweeted
Jun 9
we’re dropping off a few reducto swag boxes to founders building cool things.
including our most loved shirts!
tell us what you’re building and we’ll see you on thursday.
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Disqualifying investors is not very different from disqualifying sales prospects
You shouldn’t try to sell your product to someone that isn’t a good fit because in the long run that’s worse for both parties
Fundraising is a more extreme version of that because you’re selling a semi-finite resource (ownership of the company) with a near-permanent commitment
The scariest scenario is an investor behaving poorly after they’re on your cap table
Listen I get all the VC horror stories. I have a few as a founder, and I’ve inadvertently ghosted a few as an investor.
But here’s the thing. Think about it as sales. A sales process.
You are selling stock.
That’s not all it is. But in a way, it’s all it is.
Some sales don’t close. Some look like they will, but don’t. Some ghost you. Some say one thing but don’t really mean it.
It’s sales.
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Adit retweeted
Jun 1
i just finished my first month at Reducto last week, and it's the first new product i've worked on in over a year.
the early weeks on anything new mostly go to figuring out what the product is about underneath the surface of it. every product i've worked on comes down to a small number of things, and they're rarely written down. you find them sideways, by making a hundred small decisions and noticing what they all keep bending toward.
before you have them you can still move, but the work inherently stays shallow - those same small decisions pile up and start to matter in aggregate without cohering into a point of view.
what i want to get fast at is digging down to that layer, because that's where the creative range opens up. the faster you get there the more room you have to do anything interesting with the product and the people you put it in front of.
a month in i'm still digging but i have a better idea of what i'm digging toward now. and there's so much high-quality thinking happening around me that the digging itself has been really energizing.
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my respect for people who work on conferences is HUGE.
the amount of construction, design, prep and organization is just mindblowing.
anyways if you’re going to be at snowflake, hit me and the @reductoai booth up!!
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just looked at my 7th employee and sighed
May 29
every time i see a post like this i'm like okay but would they have IPO'd if you had joined as employee 7
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A ton of interesting insights here on what great customer engineering looks like in today's era
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A lot of companies we look up to on this list
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Great to see @reductoai highlighted as one of the top private companies in infra today!
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Founders have a moral obligation to try to make the startup journey lucrative for their team
Being thoughtful about fundraising pace/structure is part of that
Inflated headline valuations through tranched rounds are not worth the practical consequences
May 17
Employees joining some recently minted unicorn* companies are facing a triple whammy..
1) tranched valuations are very common now means their entry strike price at that valuation is often >2x of the lead preferred price.
2) this means your strike price will be quite high and so will be your 409a. you’ll paying a pretty penny if you try to early exercise and if not then you’ll have to wait a while till they grow into that valuation.
3) stock packages seem great “on paper” but are massively inflated because of this tranched valuation. so you can say total comp is very high but the real comp is not that high (at least today). this is another reason companies chase a higher valuation so they can give lower equity raises.
Make sure you go with wide eyes and use Claude/ChatGPT to do some exit math on your equity. Joining a unicorn company can offer far more than just comp (learning, experience, strong mission, great team) and that should be the core reason for joining. But do your own due diligence on the company you’re joining just like an investor would.
* Not all unicorn companies are the same - some are fundamentally better and have meaningfully grown into the valuation than others. Some are growing way faster than the ones with fundamentals. Point is to do your homework vs treating every company that’s valued similarly and putting them in the same bucket.
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