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Today we joined forces with @SarahPerezTC at @TechCrunch to announce @playpokpok's $6M Series A, led by @adjacent! And, if you want to know what it's like trying to get a smidge of that 2.2% of global VC dollars allotted to women founders, keep reading... @ncsh from Adjacent is awesome. He has incredible expertise and we're so glad to have him lead this round. Plus, he's unlike any other VC I've met (that's a compliment). Perhaps just as important, with him comes the expertise from his kids, too! His daughter has been playing with Pok Pok for over two years, and has an opinion just as important as her dad's. 😉 Same goes for @TurnerNovak's kids at @BananaCap_ and @shiftb's family. And all of the kids at @metalab — shout out to @davidtapp and @Desdeke! We're also thrilled to have the folks at @konvoyventures participating again too, and just love that with every passing year, more kids (and future playtesters) are being born into the Konvoy klan. The TLDR: we are so grateful to have a bunch of amazing investors be part of Pok Pok. But, we had a really tough time finding female investors for this round, something that was not the case in the past. It turns out that way fewer women VCs invest beyond Seed stage. After all that pitching, we found ourselves at a tipping point. We were so thrilled to have some really awesome investors in our corner, but it just didn't sit right to close without a single woman on the cap table (especially given our product and customer)! So we paused. @EstherH_ and I debriefed, allocated a chunk of capital and vowed to prioritize women investors in a second close. We were grateful to have had the unwavering support of our board and Nico in this decision. It took more time, but we found some incredible women like @shellkennedylon and tons more who aren't on X. One even started a new VC just to make this investment... These women are strategic, valuable and simply awesome. I’m sharing this story to hopefully inspire even just one woman to start investing and one founder to push a little bit harder for a diverse cap table. 💛 And maybe in 2024 we can make that 2.2% a 3% and finally quantify how many female investors there really are out there so we can prioritize adding more! Now, back to building! 💪 techcrunch.com/2024/06/18/no…

I built and sold Frame.io for $1.3 billion to Adobe, and along the way, I received plenty of advice that turned out to be entirely off the mark. Here's a look at some of the most glaring misdirections: 1. "As CEO, focus on executive business tasks." This couldn't be further from the truth. The core purpose of any company is the product it offers. As CEO, your primary role is to ensure that this product is the most valuable it can be for your customers. It's not just about overseeing; it's about being integrally involved in delivering quality. 2. "To scale, you need to decentralize decision-making." Actually, the opposite is often more effective. As organizations grow more complex, centralized decision-making can slice through red tape and foster quicker action. Even in environments that champion decentralized processes, top-down leadership often proves to be the fastest route. 3. "CEOs shouldn't get caught up in the details." This is a myth. Consider leaders like Steve Jobs, Elon Musk, Mark Zuckerberg, Brian Chesky, and the Collison brothers — all are/were deeply involved in the intricacies of their businesses. Emulating their approach is not misguided; it's a blueprint for hands-on leadership. 4. "10X engineers are a myth, and believing in them is harmful." Quite the contrary. In many teams, a small fraction of the workforce often generates the majority of outcomes. Recognizing and nurturing high-performing individuals isn't just realistic—it's crucial. 5. “You must validate every decision with customer research.” Contrary to popular belief, not all successful decisions stem from extensive customer research. Many of my pivotal choices were guided by my own instincts and preferences for the product. Trusting your vision and building a product that you would use yourself can lead to creating something that resonates deeply with your customers. Personal intuition can be a potent tool in product development.