Dave McClure
351,189 followers
sma_04 
PEJUANG TanahAir 
8LEMENTS NFT 
Father’s Day, Mother’s Day, Valentines Day, Thanksgiving, all come with expectations.
For those who find joy in the moment, no need to feel guilty; your happiness makes the world better.
For those who do not, it’s also ok it ain’t perfect — you have lots of company.
#peace🙏🏼❤️
Since bitcoin hit an all-time high in November 2021, ~$2T of cryptocurrency value has been erased, which is more than two-thirds of all the crypto that existed (Wall Street Journal)
wsj.com/articles/the-c…
techmeme.com/220619/p3#a220…
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Seed-2 is the new Series A
A-2 is the new Series B
B-2 is the new Series C
Considering renaming our firm to SecondMark to capitalize on the opportunity
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You, a simpleton: lost major money investing in a hot company
Me, an intellectual: lost major money investing in a rich tapestry of ways
#diversification
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The emancipation of enslaved Black Americans was not the end of our nation's work to deliver on the promise of equality — it was only the beginning.
On Juneteenth, we recommit to our shared work to ensure racial justice, equity, and equality in America.
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If we ask questions, we may look foolish — for a minute.
But if we DON’T ask questions, we may remain fools — for life.
The courage to ask questions, plus the persistence to chase down answers, is such a powerful edge!
Here’s a story from Andy Grove’s life illustrating this:
Retweeted by Dave McClure WhatsApp widely rolls out new privacy control settings to give users more control over who can see their Profile Photo, About, Last Seen, and Status (@kishanvyas_55 / XDA Developers)
xda-developers.com/whatsapp-new-v…
techmeme.com/220618/p14#a22…
Retweeted by Dave McClure Bitcoin falls 13%+ to under $18,000, below the high of $19,511 it hit during its last bull cycle in 2017, as ether drops below $1,000, both down 70%+ since Nov. (Bloomberg)
bloomberg.com/news/articles/…
techmeme.com/220618/p5#a220…
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BREAKING: The U.S. is opening COVID-19 vaccines to infants, toddlers and preschoolers. Shots are set to begin next week.
apne.ws/lJWcNLi
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Find yourself a friend like number 68… twitter.com/dannyderaney/s…
Retweeted by Dave McClure Having survived two previous market resets (2001, 2009), people frequently ask me how this 2022 market reset is different and how it is the same. The obvious similarity is that valuation multiples have collapsed. We went from a "glass very full" mindset to one with many concerns.
Retweeted by Dave McClure likely the best piece i’ve read on strategy for managing reserves.
very thorough discussion & analysis of complex topic by @LauraLPThompson @SapphireVC
excellent read for new (and old) #VentureCapital fund managers
cc @ckorver @infoarbitrage @ganeumann twitter.com/lauralpthompso…
Nearly every early-stage venture manager I encounter has a reserve strategy incorporated into their fund model.
But here's what's surprising... reserves aren't always a good thing!
Here's my new blog on just that topic.
sapphireventures.com/blog/dirty-sec…
Retweeted by Dave McClure @fdestin Some great analysis on this topic by @LauraLPThompson here sapphireventures.com/blog/dirty-sec…
Retweeted by Dave McClure agree this is likely optimal IRR strategy out of a single fund.
however if you have access to “unlimited capital” out of multiple vehicles, you may be able to maximize absolute value of returns vs. simply maximizing IRR.
but it may create other challenges as @fdestin notes. twitter.com/fdestin/status…
We have been living in an economy running on free money for over a decade.
During that time everyone went way out on the yield curve and funded a bunch of crazy shit.
The tide just went out hard and fast.
Lots of bad stuff is about to be exposed.
Retweeted by Dave McClure Today on our (shiny new!) blog: A Guide to Side Letters
Or should we say... syde letters 😉
learn.sydecar.io/blog/side-lett…j
Retweeted by Dave McClure this whole video is great, but not just @warriors winning another chip —check out last 5m where @Money23Green talks about #NewMedia how 2 celebrate the beautiful game of basketball, avoid #controversy just 4 clicks/ratings cc @jj_redick @CJMcCollum
youtu.be/fwdCBA7Z0Vc
There is an inverse of:
First they ignore you,
Then they laugh at you,
Then they fight you,
Then you win.
------
No one cares.
Your team cares.
Your market cares.
The world cares.
------
The hard part is the transition between these, all of your conviction is challenged.
Retweeted by Dave McClure We were told the Jan. 6 Committee would make no difference. But they've already moved the narrative from Trump's deplorable recklessness, irresponsibility, dereliction of duty, etc., to an understanding he was at the heart of a true criminal conspiracy. Not bad for a week's work.
Retweeted by Dave McClure Crypto hedge fund Three Arrows Capital is exploring options including asset sales and a rescue by another firm, and says it invested about $200M in Luna (@SerenaNgWSJ / Wall Street Journal)
wsj.com/articles/batte…
techmeme.com/220617/p10#a22…
Retweeted by Dave McClure Today’s 1/6 Committee hearing featured damning testimony by the conservative & well-respected Judge Michael Luttig.
Watch the video. Listen to the judge’s stark warning: #utpol
theguardian.com/us-news/2022/j…
Retweeted by Dave McClure congrats @22wiggins, an amazing yet humble, hard-working 2-way player and #nba champion. 🏀�#welldeservede#StrengthInNumbersrs
.@warriors held @celtics to 39 pts in 1st half; comfortably ahead by 15, and it could easily have been 25. #DubsIn6 #NBAFinals
that re-location 3 by steph was just insane… #warriorsin6 #NBAFinals
Adobe reports Q2 revenue of $4.39B, up 14% YoY vs. $4.34B est., Digital Media revenue of $3.2B, up 15% YoY, and Digital Experience revenue of $1.1B, up 17% YoY (@jordannovet / CNBC)
cnbc.com/2022/06/16/ado…
techmeme.com/220616/p35#a22…
Retweeted by Dave McClure Sources: Klarna is in talks to raise fresh funds at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield at least $500M (Wall Street Journal)
wsj.com/articles/finte…
techmeme.com/220616/p41#a22…
Retweeted by Dave McClure I'm curious on why larger funds don't use 506c vs. 506b? Even if not soliciting generally, it prevents slipping on the various rules that 506b requires (many get it wrong). Sure, you have to do more to verify accreditation of the LP, but that's good business anyway.
Retweeted by Dave McClure This is a bipartisan effort, with the Senate side being led by Bob Casey (D-Pa.) and John Cornyn (R-Texas).
A new interagency group called the Committee on National Critical Capabilities (CNCC) would be empowered to block deals it deems problematic.
axios.com/2022/06/15/con…
Retweeted by Dave McClure HomeLight, which offers AI-powered tools for home buyers, sellers, and real estate agents, raised $60M in equity and $55M in debt at a $1.7B valuation (@manya__saini / Reuters)
reuters.com/business/homel…
techmeme.com/220616/p37#a22…
Retweeted by Dave McClure Many founders misunderstand how certain words and phrases are interpreted by investors.
Here are 5 of the of the most common phrases that founders and investors interpret differently 👇
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Retweeted by Dave McClure Tech startups that agreed to go public via SPAC merger now carry valuations far higher than comparable public stocks. Here are six that face deadlines.
thein.fo/fHLCtID
Retweeted by Dave McClure much as i’d love to see Trump go to jail for:
[take your pick: sedition, money laundering, embezzlement, misuse of funds, lying under oath, obstruction justice, etc]
it’s far more important the ppl who worked for him go to jail to serve as an example for future “agents”
#jan6
Things are so bad in the crypto world right now that even when the industry gets a small taste of good news, it’s followed by a heaping spoonful of real-life medicine.
news.crunchbase.com/fintech-ecomme…
Retweeted by Dave McClure Analysis: SoftBank's Vision Fund 2 invested $9.9B across 52 deals in Q1 2022, compared to $9.9B across 49 deals in Q4 2021 and $22.8B across 65 deals in Q3 2021 (Chris Metinko / Crunchbase News)
news.crunchbase.com/venture/softba…
techmeme.com/220616/p18#a22…
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