It’s like Zack with an R. Bay native 🇺🇸🇮🇳. Product lad turned partner @BainCapVC. Investing in security & resilience from seed to IPO. Grew up @Atlassian.
San Francisco, CA
- Tweets 3,623
- Following 863
- Followers 8,837
- Likes 31,350
I wonder if bro knows how many fundraising decks are now including a screenshot of this tweet
as bad as things have gotten in the past 4 days, they are going to get a lot worse before they get better. security leaders, never let a crisis go to waste: please go to your boards and ask for help right now. not for ai, for the basics. (we need to hold on for ~18 months.)
2
22
3,794
What it’s like to win allocation in the fifth tranch, comforted only by the knowledge that there was indeed a sixth tranche
1
3
156
14,409
I’ve been in venture for ~6 years (incl 2021!) and I have never experienced this before. Every week I see 8-10 qualified opportunities that are absolutely ripping. And every week each one gets 2-3 verbals in a couple of days.
But unlike 2021, these companies seem to be working! People are no longer underwriting stars or community member growth or other dumb 2021 metrics. It’s actual cash paid by actual people at actual companies (in the 99% of non fraudulent companies).
Every startup is thus constantly competing against every other startup raising that week for who was most interesting enough to get diligence’d that week. Actually insane times.
39
6
365
83,501
Increasingly feeling like people at hot co’s (OAI, Ant, etc) “join” their friends co to legitimize and help secure a large fundraise, and then bounce as soon as the money’s wired, often back to their original employer.
Reading about the 3rd instance of this in the last month.
33
7
583
87,138
Today, we're honored to announce BCV XI, a $1.6b fund committed to founders building at the frontier of AI, security, biology, industrials, and more.
In 1987, Bain Capital's founding partners came together to define three objectives for the nascent private investment firm:
1. Make Money
2. Have Fun
3. Live with Integrity
As a global partnership managing $225B+, we remain just as committed to these principles today, 40 years later. I feel an immense sense of gratitude to be a part of this group, and to be learning alongside some of the brightest people at this unique moment.
A huge thank you to our founders and LPs for their trust. Onwards!
Make money. Have fun. Live with integrity. Everything else can change.
Fund XI. $1.6B total capital for those who know that it will.
25
2
159
14,210
No actually the best time to talk to a VC is whenever I cold inbound you
The best time to talk to a VC is 9 months before you raise. (Not 9 days.)
By the time you actually need money, you should already have:
· 10-15 investors who've watched you ship
· 3-5 who've asked when you're raising
· 1-2 who've said they'd lead
If you're starting cold the week you open the round, you're already 6 months late.
Fundraising starts before fundraising starts.
9
4
136
17,142
