BC IDEAS
Saved by @AnmolNarula11

The cold hard truth:

Why do companies like Quibi raise billions, while companies like Peloton get nothing?

Because fundraising is a GAME

And the insiders keep the rules to themselves.

Here are 100 tips the insiders don’t want you to see but will help you win the game:

 1. You can’t play the game without nailing the basics.

There are 5 core ingredients to a startup pitch.

Most have 2.
Good ones have 4.
The best have all 5.

https://t.co/fqGl1yC7F2
2. Now that you have a grasp of the basics, it’s time to level up.

Good news - most founders make the same mistakes as each other.

Bad news - these mistakes are really easy to make.

Here's what not to do:

https://t.co/bd6hyZngeJ
3. Ok so you told me what not to do.

So what should I do?

Read below.

https://t.co/YmJpDZSuN6
4. We’re in a really unique fundraising environment right now.

It’s important to contextualize all these tips in the “here and now” of what’s going on in the landscape.

https://t.co/R1L2ysYKU8
5. Once of the coolest things that has come out of fundraising in 2021 is equity crowdfunding.

There's been major regulatory change and this is going to be a gamechanger for startups.

https://t.co/enx8oOgYXl
6. For the life of me I don't understand why VCs make Founders pay the bill for fundraising paperwork.

Some VCs have changed this behavior, but most haven't.

In case you have to pay, don't get swindled.

Here's how to reduce your legal bill by 80%+:

https://t.co/3dHknrFJoE
7. Aside from your own fundraise, if you're interested in angel investing, it breaks down into 3 distinct steps.

Internalize all 3 of these and then have a strategy for each:

https://t.co/HyAkGyEtuf
8. I've invested a few million over the past year.

It's humbling, exciting and anxiety inducing all in one.

If you're interested in angel investing (or a Founder that wants to see how an Angel "thinks"), here are some hard earned lessons:

https://t.co/foQoFviRw1
9. Finally (and selfishly), here's what I'm personally most excited about in 2021.

If you're building in any of these areas, I'd love to chat:

https://t.co/VqQRdOmf9d
10. If you enjoyed this thread, give me a follow

➡️@romeensheth⬅️

And if you have any questions on any of the topics above, DM me.

I’ll answer the first 50 questions I get over the next few hours.

More from Romeen Sheth

Romeen Sheth
Romeen Sheth
@RomeenSheth
India is on the verge of a once-in-a-generation explosion in edtech.

I've invested in 2 co's that are growing like wildfire and want to do more. Let's talk if you're building in this space.

Here's what's going on and why you should pay attention now, if you weren't before:

1/ There are 5 factors that are simultaneously driving the rapid rise of edtech in India.

- Favorable demographics
- At scale internet adoption
- Deteriorating incumbent quality
- Declining budget / capacity
- Cultural relevance

Let's talk about how all 5 are interconnected.

2/ The quantum of "digital first" Indians that will need to be educated is like nothing the world has ever seen.

India has:

- 500M+ people under 25
- 125M+ English speakers
- 250M+ people that will be added to its population over the next 40 years (est. peak is 1.6B)

3/ In parallel, increased internet accessibility at very low prices has resulted in a massive surge of online users

- 830M internet users in 2021 (+83% from 2019)
- 860M smartphone users in 2022 (+84% from 2017)
- 8.3GB monthly data consumption (+100x from 2014)

4/ India's existing education system is rampant with outdated curricula, low quality instructors and inflexibility. India:

- Ranks 49/50 in higher ed
- Spends <5% GDP on higher ed
- Teaches "to the test" - the system is oriented around entrance exams
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Romeen Sheth
Romeen Sheth
@RomeenSheth
The ultimate hack to 10x your career:

Enter the Side Door.

Let's break it down 👇👇👇

Let’s set the stage. Imagine you’re in college and it’s Friday night.

It’s been a long week and it’s the party of the year at the local bar.

Awesome - you’re all set to go.

You get there and run into a huge problem.

There’s a massive line outside.

You do what most people do.

You stand in line in the freezing cold for an hour.

You’re tense and starting to worry.

You frantically call a friend of yours who managed to get in.

- Is there room inside?
- Any way you can talk to the bouncer for me?
- Is my (questionable...at best) ID going to get me in?

You leave your destiny up to the fate of the universe.

This is what most people do with their careers.

They take the front door AKA they do what everyone else is doing.

And what happens?

Well they get the same results as most people.

It’s hard to stand out and get the job you want.
ALL
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Romeen Sheth
Romeen Sheth
@RomeenSheth
0/ If you’re an SMB operator and want to increase the value of your business, focus on 2 things above all else.

1. EBITDA: how much $ do you make
2. Risk: how reliable is the $ you make

Enough has been written about #1. Here are 5 things you can do to tackle #2:

[THREAD]

1/ All 5 of these tactics are a function of the same guiding principle:

Spend more time working ON the business, not IN the business.

Your job as CEO is to consistently:

- Identify opportunity
- Execute once
- Set process
- Delegate
- Fire yourself

With that said…

2/ Establish your focus

Most SMBs survive in the early days through 1-2 key customers.

If you do a good job, they'll give you more business.

That's the trap.

If it's not in your core focus, resist the urge.

If you don't you'll become a consulting firm for 1 customer.

3/ Eliminate Key Man Risk

SMBs are overly reliant on a small handful of individuals to run the operation.

Implication: Most knowledge about the business sits in the heads of a few people.

Take the time to develop strong Tier 2 management - this creates redundancy in the org

4/ Institute Operating Process

Strong Tier 2 management isn't good enough. You need knowledge to live in docs and systems, not just in brains.

Every dept should have a stand alone playbook.

An easy test: "how quickly can somebody that knows nothing about the dept. plug in?"
BUSINESS
Romeen Sheth
Romeen Sheth
@RomeenSheth
I love Twitter.

It’s truly the Town Square of the Internet.

But finding the diamond in the rough voices can be tough.

Here are 20 of my favorite people to follow:

1. Alex Lieberman - @businessbarista

Alex writes extensively about the Founder journey.

The cool part is he’s lived everything he talks about - starting from $0 and selling for $75M with hardly any outside capital raised.

My favorite piece:


2. Ryan Breslow - @ryantakesoff

Ryan is a Top 1% founder.

This guy is a machine - he’s built 2 unicorns before the age of 27.

Ryan spells out lessons on fundraising, operating and scaling.

My favorite piece:


3. Jesse Pujji - @jspujji

Jesse is who I think of when I think “bootstrapping.”

He bootstrapped his company to an 8-figure exit and now shares stories about other awesome bootstrappers.

He’s also got great insight into all things growth marketing:


4. Post Market - @Post_Market

Post puts out some of the most thoughtful investment insights on this platform.

It’s refreshing because Post cuts through the hype and goes deep into the business model.

Idk who he/she/it is, but the insights are 💣.
BUSINESS
Romeen Sheth
Romeen Sheth
@RomeenSheth
This week I interviewed someone who:

- Built a $1.5B company as COO
- Sold a $1B company to Microsoft
- Invested in 25 🦄🦄🦄🦄

Here’s 10 timeless lessons from one of the greatest tech entrepreneurs of our generation:

is a legend and man of many titles:

Founder, Executive, Investor, Coach, Filmmaker.

He’s also a down to earth guy that’s incredibly generous with his time.

This convo was a follow on from a dialogue we started earlier this year.

Alright...onto the lessons:

Lesson #1: Startups should NOT “do things that don’t scale”

The whole point of technology is to find an elegant, scalable approach.

The sooner you do that, the better off you are.

When you glorify doing things that don’t scale, you end up with a startup that doesn’t scale.

Lesson #2: You can’t do it alone, no matter how great you are.

To win big, surround yourself with:

A. Other greats
B. Role players
C. A system that brings out the best in everyone.

All three of these are equally important and allow organizations to thrive.

Lesson #3: Silicon Valley is no longer a place. It’s a way of doing business

20 years ago SV was the home for innovation.

Today it's now spread to many other places.

Risk Capital + Knowledge + Support = a more inclusionary and global ecosystem.

That's a great thing.
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Sid \U0001f1ee\U0001f1f3
Sid 🇮🇳...
@resilience1011
@_soniashenoy TPG is looking at a floor of 5x-6x returns 😌

@_soniashenoy Here’s what TPG’s investment brings in (1/2):
a. A much-needed longer runway
b. Strong governance and no-slack attitude
c. Push to get the EV strategy right - start transitioning from buy and assemble to a build in-house model
d. De-risking the existing business
IDEAS
Tushar Bohra
Tushar Bohra
@tusharbohra
@unseenvalue @AdityaKhemka5 I think we may not reach double digit in counting. Not more than 4-5 would be my guess. One of which is a top holding in Aditya's portfolio. :)

The private hospital space in India has long way to go, we are only getting started...
IDEAS
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Intrinsic Compounding
Intrinsic Compounding
@soicfinance
Tomorrow at 11am on our Youtube channel. Have simplified it to an extent that even a 5th Grader understands the key terms 🙏

Link🎥
https://t.co/AKBBNV6N49
IDEAS
Intrinsic Compounding
Intrinsic Compounding
@soicfinance
Why Reading and observing different trends matter.

Time for a thread with a live example that is playing out in front of us! 🎵🎵

🧵🧵🧵🧵🧵

“What is elementary, worldly wisdom? Well, the first rule is that you can’t really know anything if you just remember isolated facts and try and bang ‘em back. If the facts don’t hang together on a latticework of theory, you don’t have them in a usable form.”- Charlie Munger

Charlie Munger who is the partner of Warren Buffett, has over the years explained the importance of creating a latticework of mental models. That is basically combining theory with live practical examples


One of the most interesting mental models he talked about in his books was that of Autocatalysis (lets understand this and how we can apply it to a live example):

"Disney is an amazing example of autocatalysis. They had all those movies in the can.

They owned the copyright. And just as Coke could prosper while refrigeration came, When the video cassette was invented, Disney didn’t have to invent anything or do anything except take the thing out of the can and stick it on the cassette.
IDEAS , SAREGAMAINFO
Sajal Kapoor
Sajal Kapoor
@unseenvalue
@suru27 The number of pets that we spot while morning and evening walks have noticeably increased over the last few months. These companions are great in emotional support, and a natural therapy for 🧠
IDEAS

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GHATI SUBRAMANYA, DODDABALLAPURA (KAR)
#bharatmandir

One of the most important place for snake worship.
The murtis of Kartikeya and Narasimha are self-manifested.
There is an anthill which is opposite the shrine. Bhaktas pour milk on it as part of rituals.


Here Subramanya performed penance in the form of snake. He sought protection from Narsimha for Nagas from Sri Vishnu’s vehicle Garuda, known for his dislike towards serpents.
The Pushya Suddha Shasti is one of the biggest festivals here believed to be appearance day of Subramanya


It was in this region where Subramanya vanquished Ghatikasura, the demon. Hence called Ghati Subramanya.
Childless couples visit here to seek blessings for getting a child.
The installation of snake murtis near the shrine is believed to be an auspicious act.


The murti of Karthikeya with a seven headed cobra faces eastwards while Narasimha faces westwards.
To ensure that both are visible to bhaktas at the same time, a huge mirror is placed in the rear in the sanctum sanctorum.
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Moderna CEO Stephane Bancel was previously CEO of bioMerieux in France from 07-10.

Alain Merieux, who owns bioMerieux, was instrumental in the creation of the Wuhan Institute of Virology P4 Lab.

The same people who helped create the virus, also helped to create the vaccines...


Moderna partnered with French Pasteur Institute in 2015 to develop mRNA vaccine technology.

Pasteur Institute partnered with the Wuhan P4 Laboratory in 2017 along with the Merieux Foundation to study emerging viruses...
https://t.co/yFsHwrNYaK
https://t.co/9M5lydBKhM


Nobel prize winning scientist Luc Montagnier asserts that Sars-Cov-2 is man-made and originated from the Wuhan Institute of Virology.

Montagnier did extensive work with the Pasteur Institute in France which was partnered with the Wuhan P4.

Merieux Foundation & the Chinese government have worked together since 1965, and partnered to study emerging pathogens in Africa in 2015.

Their research included "PATHOGENS CARRIED BY BATS" that provoke respiratory diseases.

🚨🚨🚨
https://t.co/gVwpT0ssqI
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Sara Benincasa
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Spent a quaint half hour in a cafe listening to a guy yell at his dad after his dad said that the women Trump molested wanted it: "Dad, that's like saying the Jews who died in the Holocaust were asking for it!" ENJOY YOUR TERRIBLE FAMILIES THIS WEEK!

"Mom, has a man ever touched you without your consent?"
"Of course."
"Did you report it?"
"No."
"Dad, your WIFE has been through this!"

Dad was unmoved and told the guy to stop arguing with him.

At this point we learned the boy child has allergies.

I forgot to remark upon the presence of the very cute grandson, who was very small and gave not one shit about the yelling. I believe a sister or aunt was present and feeling very stressed. I wanted to hand her a Xanax or seven.

It was really hard to not jump in and say, "Sounds like you guys are going to have a fun meal tomorrow!" so they could unite in hatred against me, the outsider, and stop squabbling. Instead I exchanged glances with a nearby fellow lady patron, who also emotionally ate a cookie.

Anyway, I want to thank the random family for yelling about rape and the Holocaust in an Israeli cafe in the US of A today because it reminded me that while this country isn't the greatest, it is inevitably my stupid favorite and I am never, ever bored.
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It is 2018 and this error message is a mistake from 1974.
This limitation, which is still found in the very latest Windows 10, dates back to BEFORE STAR WARS. This bug is as old as Watergate.


When this was developed, nothing had UPC codes yet because they'd just been invented.
Back when this mistake was made, There was only one Phone Company, because they hadn't been broken up yet. Ted Bundy was still on the loose. Babe Ruth's home run record was about to fall.

When this bug was developed, Wheel of Fortune hadn't yet aired. No one had seen Rocky Horror. Steven Spielberg was still a little-known directory of TV films and one box-office disappointment. SNL hadn't aired yet. The Edmund Fitzgerald was still hauling iron ore.

WHEN THIS STUPID MISFEATURE WAS INVENTED, THE GODFATHER PART II HAD JUST OPENED IN THEATERS.

So, why does this happen? So Unix (which was only 5 years old at this point) had the good idea of "everything is a file" which mean you could do things like write to sockets, pipes, the console, etc with the same commands and instructions.
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