Venture investors don’t just get to tweet about wins without also taking responsibility to help their founders who struggled.
Here’s our guide to winding down your company with grace and compassion
Pros and Cons of Starting Your Own VC Firm
Cons: performance risk, long time to liquidity, market cycle exposure 📈💰
Pros: Ability to wear shorts to the office when it’s 93 degrees in SF 😲🌞
THE PROS WIN
Just published our latest resources for Startups:
1. Human Resources Policy guide and overview
2. Sample Policy Against Discrimination, Harassment, Retaliation and Bullying
Send any feedback our way and keep on building great companies!
It’s
@satyap
birthday!!!
I wouldn’t exist if it wasn’t for Satya, so if a corporate twitter account was sentient, I’d be very thankful.
Here’s to you Satya!
Sunday is the 7th anniversary of
@homebrew
(we use the date we closed Fund 1). If we write a short blog post about our first 2,500 days as a firm, what would you want to know?
And expanding our relationship w
@scottbelsky
. Scott = longtime friend & coinvestor. Gem of a person, product-thinker, entrepreneur & executive.
He’s now Venture Advisor to
@homebrew
, working not just w our portfolio but w our fund on an ongoing basis.
Forbes Midas List requires firms to do 'deal attribution' (who gets credit for the investment) and to turn over fund/company data to third parties.
Neither is consistent with our values or priorities.
But congrats to all the winners
One of the quietly huge companies in the portfolio. Unless of course you're a parent, in which case you already know 🤩 (and if you're a parent and don't, then FOR SHAME! 😉)
Go go
@Primarydotcom
No labels, no logos, no "blue for boys & pink for girls"
Work with us. We only care about your love of technology and that you've been a part of a high performing group before, whether it's a startup, the military, a WNBA team, whatever.
But you do need to apply by tomorrow 11/10!
Online bank
@Chime
triples its valuation — now valued at $1.5B after Series D round led by DST Global. Also announces 3 million accounts, up from 1M last summer. More here:
Founder we recently backed: "All your intros have been great. They're not just knowledgable, they're really good, nice people."
*no time for assholes* could be
@homebrew
's unofficial tag line....
Excited to join our fellow VCs in selectively tweeting out slides which mention
@homebrew
portfolio companies. Or associating our investments with her trend slides.
It’s Friday!
Was this another week where you spent 80% of your time doing a PPT to get VP approval for your product roadmap?
Or clearing Jira tickets for a bunch of features you don’t think your customers even want?
Maybe you need a new gig!
Maybe this one is it 👇
School’s In Session!
Spending our 6th Homebrew Community Day working at a local elementary school w
@homebrew
founders
@satyap
is sorting books for the kids
we're seven years old today! Feel very fortunate to get up each morning and support founders with sweat & love in addition to capital.
Thank you to everyone who makes this possible for us.
What a company! What a team!
Chime will become “IPO-ready” within the next 12 months, CEO Chris Britt said, although they aren’t locked into going public in that timeframe.
Go go
@Chime
📦 Commerce, Shipping, Logistics
What does COVID mean for right now and rest of year?
How will AMZN, WMT, UPS/FedEx, USPS react?
Wed 330pm Pacific Zoom with
@Lumi
’s
@kepano
&
@mattahertz
(RtR, Birchbox, Shyp, etc)
Entrepreneurs are used to operating in the unknown (and unknowable) but times right now are especially opaque.
Tough decisions are going to be made at startups, including changes in headcount.
If you are impacted, here’s a list of
@homebrew
open roles
““When
@homebrew
started in 2013, and through all three of our fundraisers, we’ve resolved to only take investment from [limited partners] who we believe share our values.”
The brutal murder of journalist Jamal Khashoggi at Saudi Arabia's Istanbul consulate this month has sparked a reckoning in Silicon Valley. Now some are beginning to ask a simple but often neglected question: Where is our money coming from?
💰$750m at $25b, welcome Sequoia
🧠 Three new independent board members
@Chime
’s opportunity is to help 80% of Americans achieve overall financial health & wellness using modern financial software
HERE. WE. GO……
“The premise of Block Party is simple. Based on your needs, you set up filters that take messages and comments out of your Twitter experience and into a folder on Block Party”
@triketora
doing the hard work & building a great startup
“We serve a very mainstream middle-income sort of everyday American who lives paycheck to paycheck,” Britt said. “We are not caught up in Silicon Valley.”
AND THAT’S JUST ONE OF THE THINGS WE LOVE ABOUT
@Chime
❤️