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WHEN TO BORROW DEBT

Selling equity in your startup is the most expensive form of financing. Debt is cheaper, but only accessible under certain circumstances, like when you know your unit economics, have product market fit, and have proven repeatable channels to find customers.

2023.09.13
markmacleod.me2 min readTLDR Founders

IF YOU WANT TO TRICK INVESTORS, TELL THEM YOUR CAAR

Annual Recurring Revenue (ARR) is a staple metric of investor expectations. Contracted Annual Recurring Revenue (CAAR) is being used more by founders to show unrealized revenue from committed contracts. It bumps the numbers, but it might leave you in hot water further down the line.

2023.09.13
mostlymetrics.com5 min readTLDR Founders

SECURING AI IS THE NEXT BIG PLATFORM OPPORTUNITY

When it comes to AI and security, there is a significant amount of work and effort required. This article breaks down the risks and challenges and looks at the opportunities for companies in this new world order.

2023.09.13
lsvp.com4 min readTLDR Founders

SAY/DO RATIOS

“Under-promise and over-deliver” - how many times have we heard that? The mantra is focused on ensuring you only take on enough work that you can really do justice. But are you in danger of being seen as a slacker? There’s a balance somewhere.

2023.09.13
breakingpoint.tech2 min readTLDR Founders

COMPANY CULTURE IS THE LAST 50 DAYS

The incorrigible Jason Fried of 37 Signals gives his take on culture and how to view it around the things that have happened around a 50-day rolling window. Best quote: “Culture is the nonfiction story of an organization. It writes itself.”

2023.09.13
world.hey.com2 min readTLDR Founders

WHISPERS OF THE FUTURE

LLMs are amazing, but they require immense amounts of hardware. For this reason, the software will evolve to have a hardware architecture where some of the model is processed on the computer and some in the cloud.

2023.09.11
tomtunguz.com3 min readTLDR Founders

STOP SAYING “FAIL”

Failure isn’t a word that should be in your vocabulary if you want to become the best version of yourself.

2023.09.11
longform.asmartbear.com4 min readTLDR Founders

CONSUMER SERVICES

The idea of personalized services beyond what we have around shopping is really interesting and a16z agrees. In this post, a16z breaks down the opportunities and some of the companies already playing in this space.

2023.09.08
a16z.com4 min readTLDR Founders

THE RISE OF DATA LAKES IN SOFTWARE ARCHITECTURE

The term “fracking of user data” is one that resonates even if the term fracking has negative connotations. The opportunities around unstructured data and LLMs as it relates to existing structured systems like databases are seriously limitless and we’re only just now starting to see the opportunities.

2023.09.08
tomtunguz.com3 min readTLDR Founders

A NEW “GOLDEN AGE” FOR ALTERNATIVE LENDING

Despite economic challenges and a shift in the lending landscape due to rising interest rates and inflation, we might be coming to a new era for alternative lending thanks to five catalysts: the return of affordable capital, the competitive advantage of alternative lenders in attracting new borrowers, streamlined operations, trust in risk models, and the potential for market share growth.

2023.09.08
foundationcapital.com7 min readTLDR Founders

ONBOARDING EXECUTIVES

This article walks through some of the things to consider as you’re onboarding an executive. While these may seem obvious, in the rough-and-tumble world of daily startup life, they can get lost in the shuffle. Always a good refresher.

2023.09.08
startupceo.com3 min readTLDR Founders

PRODUCT-LED AI

In an age where foundation models make it possible for anyone to build an AI company, what makes for a defensible business? Instead of using AI to enhance a product, the technology should be the key unlock to drive a company’s entire product development and business strategy. This article outlines how AI-first products can reinvent networks and marketplaces, create entirely new startup categories, and establish AI co-pilots for knowledge workers.

2023.09.08
greylock.com9 min readTLDR Founders

RESPECT AND ADMIRATION

We all get caught up in chasing money and status, but don’t forget to chase respect and admiration as well.

2023.09.08
collabfund.com4 min readTLDR Founders

EVERY SOFTWARE PROJECT IS A STARTUP THAT WILL PROBABLY FAIL

The majority of software projects, whether in startups or established companies, often fail to generate substantial value. They propose a shift towards incentivizing developers based on project success and allowing developers more autonomy in project selection to improve outcomes.

2023.09.08
muldoon.cloud3 min readTLDR Founders

THE EVOLUTION OF OPEN SOURCE BUSINESS MODELS

Tomasz is at it again giving a great overview of the ever-changing open source business models and that will continue to evolve with AI now in the picture. There are so many opportunities out there right now to adopt these models for new businesses. It’s a long play but clearly a good one.

2023.09.06
tomtunguz.com4 min readTLDR Founders

ARM SEEKS $52B VALUATION FOR IPO

Arm on Tuesday submitted an updated filing for its upcoming blockbuster initial public offering on the Nasdaq stock exchange, setting a price range between $47 and $51, which could value the company up to $52B.

2023.09.06
cnbc.com3 min readTLDR Founders

CHANGING LANDSCAPE OF RETAIL

It’s true that the retail landscape is ever-changing and Gotham Gal always has an interesting perspective on these things. If you’re thinking at all about retail in this day and age, there are a bunch of variables that are coming to bear that need to be thought through.

2023.09.06
gothamgal.com3 min readTLDR Founders

CONFIDENCE VS. ARROGANCE

Don’t confuse confidence with arrogance. A quick level-set on the difference for a few specific examples. Never hurts to check in with yourself.

2023.09.06
breakingpoint.substack.com4 min readTLDR Founders

KELLOGG

Long read but full of lots of great tidbits from working with those that bring energy to managing your board and expectations. Always a great read coming off a holiday weekend (here in the US).

2023.09.06
saastr.com12 min readTLDR Founders

MENTORSHIP BUSINESS

An exhaustive read about moving from a corporate job to spinning up your own gig from Marian Kamenistak. If you’re thinking of going it alone, there are some really solid tidbits in here.

2023.09.06
entrepreneurshandbook.co18 min readTLDR Founders

STARTUPS NEED BOTH PROFOUND BELIEFS AND CUSTOMER INPUT

Steve Blank has always had great feedback on building companies and products and his recent return to regular writing again has been welcomed by many (us included). Having a profound belief is critical when thinking through customer input. Must read if you’re building a nascent product.

2023.09.06
eiexchange.com6 min readTLDR Founders

UNPACKING INSTACART’S IPO

This is a deep, deep dive into Instacart’s IPO and such a great lens on not only how it built its business but also on finding a way to IPO in this kind of market. It’s never the “perfect” time to IPO and reading the tea leaves on when to do it is nearly impossible.

2023.09.06
alexandre.substack.com12 min readTLDR Founders

YOUR CUSTOMERS HATE MVPS. MAKE A SLC INSTEAD

It’s often advised that startups build minimum viable products (MVP), but MVPs come with the problem of not being very useful to your customers. So consider building simple, loveable, and complete (SLC) products instead.

2023.09.04
longform.asmartbear.com7 min readTLDR Founders