99% Derisible
Yoni Rechtman, Justin WoodbridgeYoni Rechtman: making better mistakes.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 167 | Founded | 8 years ago | Last Issue | 18 days ago |
| Active | |||||
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99d.substack.comLatest Issues
Our 2Q letter to LPs
Below is a lightly edited version of a section from the quarterly letter we sent to our limited partners last week.
Every general-purpose/horizontal technology charts a familiar course between early excitement and mature, scaled de...
What capital wants
Last week I shared an rough way to measure the relative importance of revenue, growth, and narrative in fundraising right now.
Rates (how fast) and levels (how much) each matter and can compensate for one another. If growth is 0 then gr...
No revenue is enough revenue
“How much revenue do we need to raise (a Series A)?”
A few years ago, when I started investing, I could have said “get to $1M ARR with good growth and the Series A will materialize.” Storytelling mattered of course, but it was an easy and...
Exercise windows should be longer.
I’m flying back from an ≈18 hour trip to SF, which is kind of brutal. But every time I go out of my way do business in person, I’m glad for it. Now I’m looking forward to being in NY all of August.
Short windows
Fruits of Labor...
I'm rooting for open source
Our government must protect American AI models against foreign IP theft by state-backed AI labs
Open Models
Oligopoly is bad for startups. If intelligence is expensive and the returns/margin accrue to the foundation model labs then we...
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Authors
The writers behind this newsletter.
digitally native vertical boy, investing at Slow Ventures
Phoebe
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