Dave McClure
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Have you checked out the free resources in GPx yet? Top industry leaders share what it takes to raise, form + manage a fund like @MKRocks @Beezer232 @chudson
gpx.plexocap.com
Retweeted by Dave McClure 
A deep dive into how Discord, an authentic, at-scale user-generated community, has a chance to become the metaverse's natural social infrastructure (@packyM / Not Boring)
notboring.co/p/discord-imag…
techmeme.com/211109/p21#a21…
Retweeted by Dave McClure Palantir beats expectations with Q3 revenue of $392M, up 36% YoY, and expects full year revenue of ~$1.53B, up 40% YoY (@samantha_subin / CNBC)
cnbc.com/2021/11/09/pal…
techmeme.com/211109/p13#a21…
Retweeted by Dave McClure Nextdoor closes its first day on the NYSE at $13.01, up 17%, after going public via a SPAC merger which raised $674M and valued it at ~$4.3B (@MeghanBobrowsky / Wall Street Journal)
wsj.com/articles/nextd…
techmeme.com/211108/p29#a21…
Retweeted by Dave McClure 
Steph tonight:
50 PTS
7 REB
10 AST
9 3PT
in 35 minutes
He joins James Harden as the only players to put up 50+ points, 10+ assists in 35 minutes or fewer in the last 40 seasons.
Retweeted by Dave McClure 
Roblox reports Q3 revenue of $509.3M, up 102% YoY, DAUs of 47.3M, up 31% YoY, average bookings per DAU of $13.49, 11.2B hours engaged, up 28% YoY; stock up 31%+ (Roblox)
ir.roblox.com/news/news-deta…
techmeme.com/211108/p24#a21…
Retweeted by Dave McClure PayPal reports Q3 revenue of $6.18B, up 13% YoY, vs $6.23B est., Venmo payment volume up 36% YoY to $60B, says Venmo users can make Amazon purchases next year (@KenzieSigalos / CNBC)
cnbc.com/2021/11/08/pay…
techmeme.com/211108/p25#a21…
Retweeted by Dave McClure Europol arrests seven people, part of REvil and GandCrab gangs and suspected of carrying out 7K+ cyberattacks since early 2019, in a Romanian-led investigation (@campuscodi / The Record)
therecord.media/europol-seven-…
techmeme.com/211108/p9#a211…
Retweeted by Dave McClure People still have this incorrect notion that Venture Capital is a bad asset class.
Venture Capital has beaten out every major index in the past quarter, YTD, 1-year, 3-year, 5-year, 10-year, and 15-year time horizon
Retweeted by Dave McClure Interview with Biz Stone about Future Positive, an investment firm he founded in 2019 with Fred Blackford to focus on investments that can be held for decades (@DaveLeeFT / Financial Times)
on.ft.com/307stwO
techmeme.com/211107/p4#a211…
Retweeted by Dave McClure How a scarcity of secondhand chip manufacturing machines, which use older fabrication techniques, has exacerbated the global chip shortage (@mims / Wall Street Journal)
wsj.com/articles/manuf…
techmeme.com/211106/p9#a211…
Retweeted by Dave McClure Read it. The funniest thing you’ll see here all week twitter.com/Firr/status/14…
Retweeted by Dave McClure 1/ Excited to announce our $100M joint web3 gaming initiative with @FTX_Official and @solana Ventures! We’ll be investing in gaming studios, platforms, and infra companies at the intersection of blockchain and gaming in the @solana ecosystem and beyond.
coindesk.com/business/2021/…
Retweeted by Dave McClure Solana, Lightspeed, and FTX announce web3 gaming investment initiative wp.me/p8wLEc-bty8 by @rachelkaser
Retweeted by Dave McClure 1) Sharing some news today. @upwestvc IV is launched with a fresh $70m to back pre-seed and seed startups. Thank you @jordanrcrook @TechCrunch for covering tcrn.ch/3qaQ4HF
Retweeted by Dave McClure 37/ Fresh out of the oven
Q3'21 Fintech data is now out, and it was a killer quarter
Funding up 96% vs 2020 and we're only 3 quarters in
Fintech is still en fuego 🔥
cbinsights.com/research/repor…7
Retweeted by Dave McClure 36/ Want the full "Gradually, then Suddenly: The Sequel" presentation?
Lots of good data and dataviz on financial services and why incumbent FS firms better get their isht together
Grab it here -- cbinsights.com/research/repor…
It's free
Retweeted by Dave McClure 35/ The level of creative destruction coming to financial services is massive and it is now coming not gradually, but suddenly
Last thought
Or actually a question
All the fintech unicorns at present are worth ~1 JP Morgan Chase
Who would you buy?
Retweeted by Dave McClure 29/ Now, let's look at the valuation climbs of some of the insurgent fintech companies
Quotes are by media outlets / pundits over time :)
Retweeted by Dave McClure 20/ So a ton of smart innovation capital is flowing into fintech
The 2nd force is unbundling of financial services
When legacy FS companies think about markets, they only get excited by giant markets
We can call this the "curse of the TAM"
Retweeted by Dave McClure 16/ This capital is also coming from the smartest investors out there a la @sequoia @Accel @a16z @IndexVentures @RibbitCapital
Retweeted by Dave McClure 15/ Fintech startups have APIs, embedded finance, BaaS, open banking protocols, etc as well
But they have an absolute deluge of capital coming their way
In Q2'21, $1 of every $5 venture dollars went to fintech ($33.7B)
Retweeted by Dave McClure 5/ What's even wilder is the picture in 2021
Tech just keeps winning
Oil & gas, financial services, etc are nowhere to be found
Retweeted by Dave McClure Q: How have the valuations of the largest financial services firms fared over the last 3 years?
A: Not great (data below)
We're seeing a dramatic changing of the guard in financial services
It was happening gradually
Now, it's happening suddenly
Here's why twitter.com/asanwal/status…
Retweeted by Dave McClure .@NerdWallet soared 91% in its IPO debut Thursday. CEO Tim Chen explains how the company navigates the cryptocurrency market and what they offer users. $NRDS
Retweeted by Dave McClure An under-appreciated edge Tiger has over venture firms is that it deploys an army of wall street types who have cut their teeth working 100 hours a week for years. Their worth ethic shines through in how and when they do due diligence
Retweeted by Dave McClure Airbnb Q3: revenue of $2.24B, up 67% YoY, vs estimates of $2.05B, net income of $834M, up 280% YoY, 79.7M nights and experiences booked, up 29% YoY (@samantha_subin / CNBC)
cnbc.com/2021/11/04/air…
techmeme.com/211104/p29#a21…
Retweeted by Dave McClure Pinterest reports Q3 revenue of $633M, up 43% and beating estimates of $630.9M, and 444M global MAUs, up 1% YoY and below estimates of 460M; stock up 6%+ (@sal19 / CNBC)
cnbc.com/2021/11/04/pin…
techmeme.com/211104/p28#a21…
Retweeted by Dave McClure Square reports Q3 revenue of $3.84B, up 27% YoY but missing $4.51B estimates, bitcoin revenue of $1.81B, up 11% YoY, and gross payment volume of $45.4B, up 43% (@KurtWagner8 / Bloomberg)
bloomberg.com/news/articles/…
techmeme.com/211104/p34#a21…
Retweeted by Dave McClure Uber reports Q3 revenue of $4.8B, up 72% YoY, gross bookings of $23.1B, up 57% YoY, with Mobility up 67% to $9.9B and Delivery up 50% to $12.8B (@jbursz / CNBC)
cnbc.com/2021/11/04/ube…
techmeme.com/211104/p26#a21…
Retweeted by Dave McClure ruin an investor update in one sentence 👇
Retweeted by Dave McClure The interconnected causes & consequences of sleep in the brain: A new #ScienceReview discusses advances in understanding how sleep maintains the physiological health of the brain through interconnected systems of neuronal activity & fluid flow. fcld.ly/en7rqdg #WhyWeSleep
Retweeted by Dave McClure Excited and proud today to announce that @babylist has completed a series C investment raising $40M from lead investor @NorwestVP with participation from @nextplayVC, @500GlobalVC, @HalogenVC, Marcy venture partners and others. Thank you! forbes.com/sites/tanyakli…
Retweeted by Dave McClure Babylist, which operates an e-commerce and content hub for new parents, raises a $40M Series C led by Norwest, says revenue will reach $250M this year (@TanyaKlich / Forbes)
forbes.com/sites/tanyakli…
techmeme.com/211104/p32#a21…
Retweeted by Dave McClure Hey GPs - In the last few weeks I’ve had multiple asks about emerging manager benchmarks/what we are seeing for 2019 (and other recent) vintages.
So here’s a quick 🧵 breaking down what we see in the case of 2019 venture funds and the greater LP context…
#OpenLPP
Retweeted by Dave McClure Illiquidity is a huge barrier for investing in VC. One interesting trend to watch is the GP led secondary market. Mainly in PE right now, but an interesting way to provide LPs with early liquidity on maturing funds.
Retweeted by Dave McClure 1) The business of venture capital is going thru more upheaval now than at anytime in my >2 decades as a VC / founder / startup operator. This includes dotcom bubble/burst ’99-01 and Great Recession ’09-10. *BUT* some tenets of VC remain completely true, both now & in future. 💵
Retweeted by Dave McClure 1) Monday night was a night I’ll never forget. I’m still speechless. I got to take the first ride, by anyone, ever, in a *driverless* robotaxi on the streets of San Francisco.
This was officially ride #1 for @Cruise. Full story and vids below.
youtube.com/watch?v=dmvZBi…
Retweeted by Dave McClure CB Insights: global VC funding of crypto and blockchain hit a record $6.5B in Q3 across 286 deals; US startups raised $2.97B, followed by Asia with $1.4B (@mikeybellusci / CoinDesk)
coindesk.com/business/2021/…
techmeme.com/211103/p22#a21…
Retweeted by Dave McClure EA beats in Q2 with revenue of $1.83B vs. $1.75B est., net income of $294M, up from $185M YoY, net bookings of $1.85B vs. $910M in Q2 2020 (@deantak / VentureBeat)
venturebeat.com/2021/11/03/ea-…
techmeme.com/211103/p28#a21…
Retweeted by Dave McClure Take-Two Interactive Q2: revenue of $858.2M, up 2% YoY, net bookings of $984.9M, up 3%; GTA V has sold 155M+ copies and generated $6B+ in revenue since 2013 (@deantak / VentureBeat)
venturebeat.com/2021/11/03/tak…
techmeme.com/211103/p27#a21…
Retweeted by Dave McClure Qualcomm Q4: revenue of $9.3B, up 43% YoY, net income of $2.9B, up 75%, chip revenue of $7.7B, up 56%, and FY 2021 revenue of $33.5B, up 55%; stock up 5%+ (@stephcondoncbs / ZDNet)
zdnet.com/article/qualco…
techmeme.com/211103/p26#a21…
Retweeted by Dave McClure US sanctions four companies, including NSO Group, that sell spyware or hacking tools, adding them to a list of entities engaging in "malicious cyber activities" (@campuscodi / The Record)
therecord.media/us-sanctions-f…
techmeme.com/211103/p19#a21…
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