The nature of startup games can over-index the “new stuff”. Businesses want to build for problems you never dreamed you would disrupt. VCs want to invest in emerging trends before they become household names. Those who enter the tech industry are told to rely seriously on cold emails, as you never know who will answer them. For entrepreneurship to feel exciting and engaging, rather than exist, novelty must be one of its greatest attributes.
After all, you are “it” only once.
But the question I’ve been asking myself over the past year is lagging advantage, with some of the incumbents talking about past recessions and cyclical learning. It’s partially clear:
If you’ve done entrepreneurial things like this before, you know the mistakes to avoid and you fully understand the investors to avoid.
But sometimes it’s not that simple. Just as there is a difference between being experienced and being late, there is a difference between being new and being inexperienced. How do you know where you are in this whole timeline, especially when the story is told to extremes?
In her Equity this week, we interviewed T2 co-founder Sarah Oh, who is building her Twitter rival after working as a human rights consultant at Twitter. I questioned her about making copies of her past employment right away.She seemed unimpressed and I quickly said, All is fair in love and moderation.
But the better answer Oh gave me was the latecomer advantage of building a business in a world she knew so well. By joining the social wave of consumers, the co-founders believe they are more nuanced.
“Whether it’s the datasets you need, the models you need to build, or the specific standards your models need to exist, I know a lot about the trust and security gaps in the industry. There are a lot of things that I want. I had things that didn’t exist in my previous role, but now I’m in a place where I can have those conversations,” said Oh. was founded, there was no “historical case study or precedent” for many of the controversies that exist today, he added. T2 provides an example of how to manage tensions around virality, doxing, and more.
It got me thinking about this broad understanding as it relates to startup agility. Perhaps what helps a startup stay on track is a balance of old and new. We don’t know how Twitter’s old and new endeavors will play out in this case, but we do know that time is more important than ever.
In the rest of this newsletter, we talk about Chief Inspiration Officers, growing startup accelerators, rare rumors we hear about tech companies, and what they want from the public market. As always, follow me on Twitter or Instagram.
Goodbye, Chief Inspiration Officer
Also, in his Equity this week, he how venture capitalists are starting to pay attention to how portfolio founders spend their capital, especially about hiring trends. , the crew spoke. Becca’s latest release of TC+ – 50% off your annual fee with code EQUITY – explains why pitch deck setting slides are no longer a disposable part of your presentation.
Expect more control.
So this is important.
We know that companies are laying off workers to cut costs, but employers may need to take a more conservative approach to both role types and salary levels. Hmm. Overall, there are opportunities to spot talent when hiring. But it’s not easy for all laid-off people to find another job.
NextView Ventures has launched its fourth accelerator program aimed at supporting nearly six founders with $400,000 in funding and mentoring opportunities. And at least he offers one spot on a team built by former colleagues who were laid off during the last recession.
So this is important.
Accelerator partners are open to helping founders, even if they have half-baked ideas or just areas they want to explore. Even in a more disciplined market, some companies prefer seedling ideas to full-blown business ideas. Rob Go, the founding partner of NextView Ventures, said of the investee company cohort:
Stripes finally have an exit in mind. The payments giant has given him 12 months to go public by following a private market deal such as a direct listing or an IPO, according to sources familiar with the matter. B. Fundraising and Acquisition Bids.
So this is important.
Do you mean you need to state the obvious? The public market for tech companies is old and unwelcome. Insert boring adjectives here. An exciting year awaits if Stripe starts trending. However, some people are suspicious of the timeline. After all, it’s easier said than done, literally.