# ![@endowment_eddie Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1860093000673824768.png) @endowment_eddie Endowment Eddie

Endowment Eddie posts on X about in the, vcs, growth, if you the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::1860093000673824768/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1860093000673824768/c:line/m:interactions.svg)

- [--] Week [------] +301%
- [--] Month [-------] -9.40%
- [--] Months [---------] +84%
- [--] Year [---------] +2,774,930%

### Mentions: [--] [#](/creator/twitter::1860093000673824768/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1860093000673824768/c:line/m:posts_active.svg)

- [--] Week [--] -56%
- [--] Month [--] +33%
- [--] Months [---] +30%
- [--] Year [---] +7,280%

### Followers: [-----] [#](/creator/twitter::1860093000673824768/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1860093000673824768/c:line/m:followers.svg)

- [--] Week [-----] +2.70%
- [--] Month [-----] +5.50%
- [--] Months [-----] +32%
- [--] Year [-----] +9,023%

### CreatorRank: [---------] [#](/creator/twitter::1860093000673824768/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1860093000673824768/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  26.92% [technology brands](/list/technology-brands)  4.81% [vc firms](/list/vc-firms)  3.85% [stocks](/list/stocks)  2.88% [currencies](/list/currencies)  2.88% [social networks](/list/social-networks)  0.96% [countries](/list/countries)  0.96%

**Social topic influence**
[in the](/topic/in-the) 17.31%, [vcs](/topic/vcs) 9.62%, [growth](/topic/growth) 8.65%, [if you](/topic/if-you) 8.65%, [investment](/topic/investment) 4.81%, [ai](/topic/ai) 4.81%, [company](/topic/company) 4.81%, [market](/topic/market) 4.81%, [data](/topic/data) 4.81%, [law](/topic/law) 4.81%

**Top accounts mentioned or mentioned by**
[@peterjwalker](/creator/undefined) [@credistick](/creator/undefined) [@zenobcap](/creator/undefined) [@rodriscoll](/creator/undefined) [@twentyminutevc](/creator/undefined) [@arian_ghashghai](/creator/undefined) [@jmj](/creator/undefined) [@kwharrison13](/creator/undefined) [@jaminball](/creator/undefined) [@packym](/creator/undefined) [@nextbigteng](/creator/undefined) [@meritechcapital](/creator/undefined) [@arfurrock](/creator/undefined) [@lifescivc](/creator/undefined) [@rtnarch](/creator/undefined) [@jaltma](/creator/undefined) [@harrystebbings](/creator/undefined) [@jasonfurman](/creator/undefined) [@businessinsider](/creator/undefined) [@forbes](/creator/undefined)

**Top assets mentioned**
[Klarna Group plc (KLAR)](/topic/klarna) [Snowflake Inc. (SNOW)](/topic/$snow)
### Top Social Posts
Top posts by engagements in the last [--] hours

"My follower growth is stalling out. Guess its time to start getting political. Sorry everyone. Niche LP topics have run their course"  
[X Link](https://x.com/endowment_eddie/status/2021612706176925810)  2026-02-11T15:50Z [----] followers, 11.8K engagements


"Who are the best VCs trafficking in deep tech competing for the A not named a16z Founders Fund Eclipse Khosla or Lux"  
[X Link](https://x.com/endowment_eddie/status/1972953947771109810)  2025-09-30T09:17Z [----] followers, [----] engagements


"The funnier part of this post is that I receive DMs/comments from people pitching private secondary marketplaces and products. Pour some out for the public exchanges folks. If only we had some way to bring secondary real-time trading to mature tech start-ups ($100-500M+ rev) in a transparent and frictionless way If only we had some way to bring secondary real-time trading to mature tech start-ups ($100-500M+ rev) in a transparent and frictionless way"  
[X Link](https://x.com/endowment_eddie/status/2016598424829751560)  2026-01-28T19:45Z [----] followers, [----] engagements


"LPs and investment committees spend way too much time on manager selection and not nearly enough time on asset allocation. Why"  
[X Link](https://x.com/endowment_eddie/status/2018306326955212978)  2026-02-02T12:51Z [----] followers, [----] engagements


"@zenobcap Hmmm. If we took some of the most popular thatd be a painful anti portfolios no"  
[X Link](https://x.com/endowment_eddie/status/2020173092090474624)  2026-02-07T16:29Z [----] followers, [---] engagements


"The power law plays through hard even at the late stage. According to SVB there are [---] unicorns: - [---] have $300M+ rev - [--] have $300M+ rev and hit rule of [--] - [---] have declining revenue and [---] are 20% growth 5% of this universe hits the bar to go public. Yes Rule of [--] could go out many could still have good exits etc. but its tough out there. https://twitter.com/i/web/status/2008945315055907238 https://twitter.com/i/web/status/2008945315055907238"  
[X Link](https://x.com/endowment_eddie/status/2008945315055907238)  2026-01-07T16:54Z [----] followers, 181.9K engagements


"Anyone want to argue VC fund size We dont do it enough. Rule of [--] Arrogance Score yes assume Im familiar. Lets think about it from a market/deal share perspective: $6B stapled fund $1.5B early $4.5B growth. Given $60B of fundraising volume in [--] thatd be 10% share. But thats the wrong way to look at it. US VC deal volume was $390B and $500B globally in [--]. Lets say were mostly US based and call it $450B TAM for US+ (aka US VC that has some cred across the 🌊). Mega rounds are 2/3rds of the market so $300B is growth $150B TAM in early (seed-B). 2yr deployment assuming no reserves thats $750M"  
[X Link](https://x.com/endowment_eddie/status/2015990920047661502)  2026-01-27T03:31Z [----] followers, 10.7K engagements


"The notion that VC podcasts/media is for LPs is dumb. I like to see some attempt at brand but just doing podcasts/media isnt a sell. Also there are 8-9k LP institutions per Preqin and PEI. There are likely 15k actual decision makers globally. A small number of LPs focus on venture and an even smaller number engage with VC podcasts. And spoiler a lot of LPs are politically opposed to using X. Its low ROI if its really all for LPs. https://twitter.com/i/web/status/2020125902139490624 https://twitter.com/i/web/status/2020125902139490624"  
[X Link](https://x.com/endowment_eddie/status/2020125902139490624)  2026-02-07T13:22Z [----] followers, 15.9K engagements


"Boutiques vs platforms too many treating this as an or question. It remains an and one. https://t.co/WFYEEDaq4P https://t.co/WFYEEDaq4P"  
[X Link](https://x.com/endowment_eddie/status/2021413696308936876)  2026-02-11T02:39Z [----] followers, [----] engagements


"Venture funds discussing distribution timelines with their LPs"  
[X Link](https://x.com/anyuser/status/1929515413370556844)  2025-06-02T12:28Z [----] followers, 23.3K engagements


"One should never forget that the median venture capital deal is a zero. LPs doing 2-3 early directs per year are clueless"  
[X Link](https://x.com/endowment_eddie/status/2021952320645562876)  2026-02-12T14:19Z [----] followers, 12.1K engagements


"Disagree. Power law plays through at the late stage. Return dispersion for the GP and LP goes up. The lesson will always be that top quartile/even 2nd quartile justifies the existence. Power law isnt just in companies. Its in funds and people too. Undercorns are running wild and it's a big problem for future founders Per PitchBook: More than a quarter of unicorns are now worth less than $1b even if VCs haven't marked them down. https://t.co/gcFbRT5w3p Undercorns are running wild and it's a big problem for future founders Per PitchBook: More than a quarter of unicorns are now worth less than"  
[X Link](https://x.com/endowment_eddie/status/2022137170686095638)  2026-02-13T02:34Z [----] followers, [----] engagements


"The amount of time LPs spend hammering a GPs process internal alignment/carry turnover is insane. Pot calling the kettle black"  
[X Link](https://x.com/endowment_eddie/status/1927706803527098759)  2025-05-28T12:41Z [----] followers, [----] engagements


"You absolutely do need to put your fund size in your deck. Your fund size is your strategy"  
[X Link](https://x.com/anyuser/status/1934931195030040997)  2025-06-17T11:08Z [----] followers, [----] engagements


"If your LPs are demanding cash back as soon as humanly possible then you need to rethink your LP base not your strategy. Qualify LP leads. If they dont have a consistent commitment pace to vc and understand the time horizon of seed then keep looking. https://techcrunch.com/podcast/vc-charles-hudson-on-the-new-lp-timeline/ https://techcrunch.com/podcast/vc-charles-hudson-on-the-new-lp-timeline/"  
[X Link](https://x.com/endowment_eddie/status/1936418561896989123)  2025-06-21T13:38Z [----] followers, [----] engagements


"I walked in on my girlfriend imitating me to her friends: 2x EBITDA 2x EBITDA Khosla Khosla scaling. I never said 2x EBITDA. We all know the average is closer to 6x"  
[X Link](https://x.com/endowment_eddie/status/1939001801107448097)  2025-06-28T16:43Z [----] followers, [----] engagements


"The worst kinds GPs and LPs bond over the same thing low loss ratios"  
[X Link](https://x.com/endowment_eddie/status/1942928780663615952)  2025-07-09T12:48Z [----] followers, 16K engagements


"Heard from a former Coatue investor this week: You dont understand. We were starting to beat Sequoia in deals. No you werent. Doing [---] deals in [----] while pricing indiscriminately is not winningit was setting money on fire"  
[X Link](https://x.com/endowment_eddie/status/1950605174747128113)  2025-07-30T17:11Z [----] followers, 104.7K engagements


"You could create a 10-15 line item nepo fund-of-funds with all the 30-45 year old sons of VCs from the early internet/mobile era. Projected return pencils to 8% net"  
[X Link](https://x.com/anyuser/status/1955329529267867982)  2025-08-12T18:04Z [----] followers, 24.1K engagements


"Im not sure that there is anything truly contrarian in venture anymore@jmj said it well. The closest thing to contrarian is consumer yet theres multiple specialist GPs (seed and multistage) and most platforms are more than capable of taking anything down that breaks out"  
[X Link](https://x.com/endowment_eddie/status/1960424937426182397)  2025-08-26T19:31Z [----] followers, 19.2K engagements


"Everyone talks about quality of ARR in AI. Theres not enough talk about quality of revenue in deep tech. In defense/gov ACV/program of record seems to be what gets touted. That isnt purchase orders. There might be five others contractors in play theres plenty that can still change. It doesnt count until its racked and stacked. Separate issue a lot of the revenue is being driven by grants"  
[X Link](https://x.com/endowment_eddie/status/1961571190310396130)  2025-08-29T23:26Z [----] followers, 12.5K engagements


"No you probably wont raise a $100m preseed/seed fund with a 4x angel track record"  
[X Link](https://x.com/anyuser/status/1975522948019556549)  2025-10-07T11:25Z [----] followers, 24.2K engagements


"Warm emails are vastly overrated. Cold email prospective LPs. Lead with a PDF of your deck a sentence or two on you and highlights of your track record"  
[X Link](https://x.com/endowment_eddie/status/1977838851659100640)  2025-10-13T20:48Z [----] followers, 51.8K engagements


"How to create a sense of urgency with your fundraise: 1) You dont. This is reserved for the top 2% of funds. Very very few firms are capable of driving LPs to 4-week close. 2) If LPs dont have a prior relationship they need to go through a process. They need multiple meetings references etc. Any good LP is going to give you til Fund 3/4 and their capital acct will be upside down for a decade plus. Give them time. 3) LPs can be a flock. Generally this isnt because of any one or two anchors you may secure. The dynamic changes quickly as you get to 50% of your target and if you start deploying"  
[X Link](https://x.com/endowment_eddie/status/1978840942032400703)  2025-10-16T15:10Z [----] followers, 29.9K engagements


"I cant state this strongly enoughLPs do not compare AGMs. Internalize it. This is about efficient transfer of information to a broad audience"  
[X Link](https://x.com/endowment_eddie/status/1981700610073432572)  2025-10-24T12:33Z [----] followers, [----] engagements


"My sense for how LPs model venture program returns caused a stir. Below is JPMs long term capital markets assumptions. These are 25yr full cycle projections. Their expectation for: VC: 8.5% PE: 10.2% US large cap: 6.7% 60/40: 6.4%"  
[X Link](https://x.com/endowment_eddie/status/1982458920560927000)  2025-10-26T14:46Z [----] followers, 36.7K engagements


"The capital flow in this ecosystem runs in circles that are not perfectly overlapping. Founders GPs and LPs are increasingly less aligned than they once were. Hard to call out employees and founders given the management fee and current income incentives for GPs"  
[X Link](https://x.com/endowment_eddie/status/1983969617954353570)  2025-10-30T18:49Z [----] followers, 10.8K engagements


"The last four Fund Is or institutional Fund Is I did: - All fund size $125-250 - 1/4 founder 2/4 operator 2/4 had prior vc exp - [--] of [--] started as outbound cold emails from me - My bite ranged from $10 to $40 - [--] was an existing relationship/spin out - track record total invested was $12 to $1B - GP age was [--] to [--] - All west coast - preseed to A TL;DR: dont think theres a pattern"  
[X Link](https://x.com/anyuser/status/1986981221285466338)  2025-11-08T02:16Z [----] followers, 12.1K engagements


"For many of the top quartile E&Fs outperformance vs. peers over 25/15/10 year horizons can be traced to one or two relationships. Most often its Sequoia. It wasnt venture or privates broadly (though that definitely worked) it was really 1-3 core VC relationships that crushed it and became very large positions over time. It has kept a lot of CIOs looking smartmany who inherited the relationshipand made up for emerging market misses value tilts in public equity hanging on to hedge funds etc"  
[X Link](https://x.com/anyuser/status/1991471511924830219)  2025-11-20T11:39Z [----] followers, [----] engagements


"Here are some AGM tips: 1) Cool it with the music/videos and non-investment speakers. Aside from the nepo family office kids I promise you that your core LPs hate the flash. LPs dont compare notes on who had the most fun AGM. 2) Review funds in depth. Share operating metrics. Dont avoid the losers. For mature funds you absolutely need to provide realistic projections and how you get there. 3) Easy promoting other products. Apollo AGMs went from best in the business to a joke on this front. 4) When you speak on market/themes I dont want to hear from the managing partners. Bring out your young"  
[X Link](https://x.com/anyuser/status/1902573220227891553)  2025-03-20T04:09Z [----] followers, 33.1K engagements


"10 years ago Id rely on Fortune (dba axios) NYT Dealbook and TechCrunch now access to great thought leadership in the investment sphere is on a different level. My go tos: Substack/X - Carta / @PeterJ_Walker - Compounding Quality - Contrary Deep Dives / @kwharrison13 - Clouded Judgement / @jaminball - Not Boring / @packyM - Next Big Teng @NextBigTeng - Anything @MeritechCapital writes - @credistick - @ArfurRock - @LifeSciVC - @rtnarch Podcasts - Uncapped @jaltma - BG2 - Capital Allocators - Credit Edge - Endpoints - No Priors - Invest Like the Best - 20VC @HarryStebbings Not exhaustive open"  
[X Link](https://x.com/anyuser/status/1903606708208853411)  2025-03-23T00:36Z [----] followers, 11.7K engagements


"Scariest place in venture isnt the megafunds. Its the GPs spinning out of megafunds raising $40-100M. Minimal right to win cant really lead not yet aware that your seed friends change when you dont have the brand/follow-on checkbook. Founder/operating experience is [--] years in corp dev so thats not going to be an angle. Suddenly youre going to have to be all outbound fighting in the periphery. Institutional LPs love it though"  
[X Link](https://x.com/anyuser/status/1903818517318631736)  2025-03-23T14:38Z [----] followers, 91.1K engagements


"Lets clear the air for companies that dont want to be on the hamster wheel of VC. It surprises me but those who focus on venture miss that there is capital available for literally every growth rate/exit trajectory. It is far from ipo/bust or pure bootstrap. Want to raise $25m in aggregate and sell for $100-500m Like the idea of taking some secondary at $50m EV and rolling towards an outcome to a strategic / pe sponsor / sponsor backed strategic This is the land of lower middle market bootstrapped growth equity. These investors generally seek capital efficient growth amount raised entry ARR"  
[X Link](https://x.com/anyuser/status/1905796950407909822)  2025-03-29T01:39Z [----] followers, [----] engagements


"GPs and IR heres how to talk through turnover: 1) Dont let LPs find out from the media. 2) Do it before fundraising. Generally you want [--] months lead time on the next raise. Announcing departures alongside the dataroom release is not before fundraising. 3) Dont say it was amicable unless the individual(s) are retiring or starting a company. Everyone knows [--] in [--] of these are actually amicable. 3) Dont treat LPs like youd treat young kids as if youre going through a divorce. Either you managed out the person or you lost them. Just say it. 4) Have attribution ready. Consider a pro forma track"  
[X Link](https://x.com/anyuser/status/1906851193831174510)  2025-03-31T23:28Z [----] followers, 10.4K engagements


"@jasonfurman One of these men has a substantial cash position has underperformed substantially over a trailing [--] year basis and whos holding business generally has a much lower beta to equity markets. If youre surprised you misunderstand basic stock market movements"  
[X Link](https://x.com/anyuser/status/1908161185159041402)  2025-04-04T14:14Z [----] followers, 46.9K engagements


"Is backing competitive companies allowed now in venture"  
[X Link](https://x.com/anyuser/status/1911855661366890664)  2025-04-14T18:54Z [----] followers, 260.3K engagements


"Hi Neil Eddie here. Funny enough Im in town this week and a block from your office"  
[X Link](https://x.com/anyuser/status/1912308258804576501)  2025-04-16T00:53Z [----] followers, 19.2K engagements


"I wasn't like every other kid you know who dreams about being an astronaut I was always more interested in what bark was made out of on a tree or whether platform funds can reach 3x net. Chris Hohn is a real hero of mine. Bill Gurley. Bill would be another person who's a hero. The returns he's created over the years I don't really have exposure to it but the fact that he's making it I respect that. I care desperately about what I do. Do I know when DPI is coming No. Do I know what I'm committing to today No. But I'm here and I'm gonna give it my best shot"  
[X Link](https://x.com/anyuser/status/1912534032035815570)  2025-04-16T15:50Z [----] followers, 25.3K engagements


"Nothing is going public this year and it is going to cost the VC asset class. Bunch are filed but heres what was prob real: Cerebras: $7.5 Chime: $11.0 Circle: $4.0 Genesys: $16.0 Hinge: $3.0 Klarna: $15.0 Mntn: $2.2 Stubhub: $16.5 Using the midpoint of anticipated IPO valuations so take with a grain of salt but this is $75B in proceeds. Assume VCs own 2/3rds = $50b. Add-in Wiz and a bunch small M&A and NTM distributions could have been $100B or more over the next 1-2 years. Talk of DPI has been cheap in 23/24. LPs got ridiculous sums in 20/21 and had no liquidity/portfolio level risk"  
[X Link](https://x.com/anyuser/status/1912867322483662927)  2025-04-17T13:54Z [----] followers, 25.1K engagements


"16k seed deals globally in [----]. About half in the US. Valuations up 32% since the peak pretty bold to think a typical 20-30 shot US seed portfolio can pick off the best deals over a 2.5-3yr (20000-25.000 deals) cycle and outperform fund-over-fund. LPs are in for a world of hurt 7-10 years from now as this matures. Hats off to the proprietor of the ecosystems best data @PeterJ_Walker"  
[X Link](https://x.com/anyuser/status/1913410041232662661)  2025-04-19T01:51Z [----] followers, 20.4K engagements


"Yale $6b secondary gotta reserve judgment til learning more. Some random thoughts: - $6b secondary sale brings PEVC from 50% of the pool (20.8b of 41b) to 35%. Thats a ton of dry powder and reinvestment risk. - No budget challenge apparent. Spend is 3.8-4.8% over the last few years. Operating revs up 13% relative to op expenses up 10% in FY24. Consistent multi year surplus. - No liquidity challenge apparent. Cash + FI is 4.3B (10%). Thats two years of spend before touching hedge funds (15%) or stocks (15%). Not a ton of dry powder but fine. Im sure theres a credit line too. - Is Yale front"  
[X Link](https://x.com/anyuser/status/1914151084928668045)  2025-04-21T02:55Z [----] followers, 44.2K engagements


"Met two VCs who invested in Wiz last week: VC1: Nobody knew Wiz would be Wiz [---] years ago. It was a great team but they hadnt fully set their eyes on visibility in the cloud. We made the bet. VC2: We absolutely knew from day [--] this was going to be a big company. It was clear they knew what they were building from day [--]. Extreme product clarity"  
[X Link](https://x.com/anyuser/status/1914762562094195123)  2025-04-22T19:25Z [----] followers, 55.1K engagements


"Big funds result in big fees. GPs w/ stakes in management companies are getting generationally rich with each fundraise. This compounds the liquidity problem. With tons of carry already in the bank from ZIRP and now lots of recurring fee income it becomes more tax efficient to hold companies longer extend fund lives and thus defer taxes instead of returning capital to investors. TL;DRrecent raises are starting to look like 10+ year annuities for the founding GPs"  
[X Link](https://x.com/anyuser/status/1915379300796190818)  2025-04-24T12:16Z [----] followers, 36.4K engagements


"Btw for any GPs following me I hope you read the fine print. Eddie now gets access to your core early stage funds (sans committing to growth and intl products). My money might be nonprofit but this twitter is not"  
[X Link](https://x.com/anyuser/status/1915396375027556783)  2025-04-24T13:24Z [----] followers, [----] engagements


"LPs should be demanding dollar-weighted returns (IRR) versus time-weighed returns (CAGR) from every public equity manager. Big growth/TMT hedge funds dont publish it for a reasonits because alignment sucks and they raise capital pro-cyclically / fail to return capital at obvious market peaks"  
[X Link](https://x.com/anyuser/status/1915751417282707799)  2025-04-25T12:55Z [----] followers, [----] engagements


"Before pitching an LP qualify your lead: [--]. Is this person a generalist or specialist Do they sit through 200+ VC pitches per year or [--] Will they want to dig on metrics/engagement of your best AI deals or do they not know the diff. between seed and A. Tailor appropriately. [--]. Are they actively committing to venture and do they have space for new names Keep to 30mins if you dont know the answer. [--]. Whats their bite If youre raising $50M a ticket over $10M starts to represent concentration risk. [--]. Is this [--] fund and done capitalits a hole youll need to fill later. Does the LP recognize the"  
[X Link](https://x.com/anyuser/status/1918350938810503263)  2025-05-02T17:04Z [----] followers, 12.1K engagements


"Genuinely curious I know the money is beyond exceptional but is it fun being a GP at a mega VC after a certain point if youre on [--] boards managing a team of [--] and having to deploy $250M to make it worthwhile In my own work I dont love attending AGMs with [----] of my closest friends or staged diligence days. I dont really care for industry events and it bums me out that I have a minimum ticket. I love spending time with new GPs reviewing the first deck a founder moving to the investment side and figuring out who the next generation will be"  
[X Link](https://x.com/anyuser/status/1918359579089322057)  2025-05-02T17:38Z [----] followers, 45.2K engagements


"The taste and strike zone or lack thereof of certain growth venture firms has never been more pronounced in the eyes of LPs or founders. Its a great time to be Thrive Founders Fund Greenoaks or Meritech"  
[X Link](https://x.com/anyuser/status/1918654482176479470)  2025-05-03T13:10Z [----] followers, 17.7K engagements


"Hate to break it to you but this has not been a challenging fundraising environment in venture or buyouts. Never a better time for Fund 1s. It might still be fine well see. If youre struggling to raise a fund look inward and change your approach"  
[X Link](https://x.com/anyuser/status/1920469480708198594)  2025-05-08T13:22Z [----] followers, 11.6K engagements


"GPs overestimate the financial and tech literacy of LPs. Some are sharks and can analyze an income statement better than you. Others (50%) do not know the difference between gross and net retention. They may appear disoriented if you use the phrase tech stack"  
[X Link](https://x.com/anyuser/status/1920796279770058983)  2025-05-09T11:01Z [----] followers, 11.7K engagements


"Reduce the friction around your pitch deck. 1) Send it in PDF 2) If you want to annoy the LP use docsend 3) If you want to really annoy the LP use docsend and remove download rights 4) If you want to really really want to annoy the LP use docsend remove download rights and have a stringent click through NDA"  
[X Link](https://x.com/anyuser/status/1923022501610914304)  2025-05-15T14:27Z [----] followers, 20.6K engagements


"VCs love new s**t with option value over old s**t with intrinsic value. - @rodriscoll So do LPs. Messy/zombie portfolios to LPs are the same thing as tech debt/lost momentum to GPs. Hardest fund to raise continues to be Fund 3-5 $200-$1B in size. These GPs got in biz in the past 8-10 years and have limited DPI. Theyre sized where they have to lead have real ownership etc. Fund 1/platforms are easier to raise"  
[X Link](https://x.com/anyuser/status/1923098581847900181)  2025-05-15T19:30Z [----] followers, [----] engagements


"Im surprised a studio/incubation fund hasnt focused on building competitors to PE-backed software companies especially targeting those undergoing on-prem to cloud conversions"  
[X Link](https://x.com/anyuser/status/1924160260077400507)  2025-05-18T17:48Z [----] followers, 37.3K engagements


"Regional US investing is one of the biggest pitfalls Ive seen in tech VC. Midwest Boston mountain region etc. There are not enough outliers annually to sustain a fund of any size"  
[X Link](https://x.com/anyuser/status/1925705380576756001)  2025-05-23T00:08Z [----] followers, 26.2K engagements


"Im late on this but just had it sent to me. @BusinessInsider Seed [---] is a joke. The methodology relies on publicly available information from Crunchbase/PB. @Forbes Midas by contrast has full track record info and private data. Plus plenty of breakout deals listed are fake companies and live within the 30-40% of the unicorn universe going to zero. This is not to take away from any investors at the top or make excuses for any not on the list. Just call a spade a spadesolid goal flawed execution. Cant do this on public data"  
[X Link](https://x.com/anyuser/status/1926665376068255888)  2025-05-25T15:43Z [----] followers, 22.9K engagements


"I might throw in the towel on primary commits in VC/PE. If you just did LP secondaries (buying discounted fund interests) growing your commit pace or maybe even staying constant overtime you could have a top quartile PI portfolio in 5-10 years. Why LP secondaries have a reverse J curve where you buy at a discount and mark to GAAP NAV upon close. Sprinkle a little leverage. Boom you start with a mean IRR. Of course its a sugar high and fades to 12% over time. Sure its also a levered bet on private equity. But Ill be gone by the time Im figured out"  
[X Link](https://x.com/anyuser/status/1928254356404457643)  2025-05-30T00:57Z [----] followers, 30.1K engagements


"Excuse me Flo. Uh what is the soup du jour Still secondaries. GP leds (continuation vehicles) are up 48% year-over-year from [--] to [--] ($74B volume). The quality is down drasticallythere are not 48% more great opportunities. Naturally this volume was like 97% PE/RA besides Lightspeed/NEA and a few others in VC. But plenty of VCs have hired Evercore/Moelis/PJT to shop 50+ line item portfolios. Spoiler no reasonable bid. Its fairy dust"  
[X Link](https://x.com/anyuser/status/1930480131761680535)  2025-06-05T04:21Z [----] followers, [----] engagements


"I still cant believe Databricks last round didnt have a [--] or [--] handle on it. $SNOW has a $70B market cap now. Per unit of growth Databricks is substantially cheaper. $SNOW Q4 - $3.8B RR 27% yoy - 74% GM 5% OM - 32% Rule of [--] - 18.4x RR [----] growth adjusted Databricks as of Series J - $3.0B RR 57% yoy - 57% GM -16% OM - 41% Rule of [--] - 20.7x RR [----] growth adjusted Credit to @chriszeoli for pulling this together a few months back. Some updates here"  
[X Link](https://x.com/anyuser/status/1932436655878652280)  2025-06-10T13:56Z [----] followers, 29.1K engagements


"Art is not what you see; but what you make others see. Heres how to build a deck for LPs: 1) 3+ slides of founder testimonials 2) Compare your gross last round value returns to net return benchmarks. Bonus points for using Preqin or Burgiss 3) Dont share your fund sizeobvi you have no cap 4) List your mgmt fee as 2.0%* 5) List out your broad network of non-economically incentivized venture partners and advisors (20+) 6) Market map but ignore your most obvious competitors 7) Case studies who needs them. Still list deals youve done with logos and idea bubbles with the step-up between valuations"  
[X Link](https://x.com/anyuser/status/1935371268745801876)  2025-06-18T16:17Z [----] followers, 12.7K engagements


"It would be a real treat to pay 2.5%/20% for this. What if VCs were measured success not just by the one unicorn exit but by the thriving ecosystem of companies founders and operators we help compound over time What if VCs were measured success not just by the one unicorn exit but by the thriving ecosystem of companies founders and operators we help compound over time"  
[X Link](https://x.com/anyuser/status/1935865830341771735)  2025-06-20T01:02Z [----] followers, 25.2K engagements


"Id love to see things move but bid/ask is likely to still be significant. Many of the messy middle (10-25% growth breakeven/CF pos) unicorns are still hanging around at discounted but healthy multiples on VC books. And those marks do not reflect mid single digit revenue multiples in most cases. As of today (EMCLOUD): Rule of 10-20: 2.8x NTM revenue Rule of 20-30: 4.1x Rule of 30-40: 5.9x Rule of 40-50: 9.0x Rule of 50: 18.8x As always a huge premium for fast scaling leaders with a platform story. UH OH IT IS HAPPENING About [--] weeks ago I started getting 5+ emails a week saying the same thing:"  
[X Link](https://x.com/anyuser/status/1936103856389165547)  2025-06-20T16:48Z [----] followers, 10.6K engagements


"We only lose on valuation is what everyone says. Thats how it works 90% of the time. Having the humility to say that there are networks/sectors/etc. where youre developing the right to win and then outlining steps youre taking can be a unique way to shift the convo w/ LPs"  
[X Link](https://x.com/anyuser/status/1936936535636525081)  2025-06-22T23:57Z [----] followers, [----] engagements


"Genesis AI closes $105m seed led by Eclipse and Khosla. This space has been bonkers in 2025: Dyna Robotics - $23m Fauna Robotics - $35m Generalist AI - na Genesis AI - $105m Gecko - $125m Figure - $675m Apptronik - $375m Botco- $150m All in the last [--] months"  
[X Link](https://x.com/anyuser/status/1940130886902788572)  2025-07-01T19:30Z [----] followers, 27.1K engagements


"Every GP thinks they: 1) See everything and only lose on price 2) Have a unique lens on founder quality 3) Mark conservatively"  
[X Link](https://x.com/anyuser/status/1942258451909837192)  2025-07-07T16:24Z [----] followers, 14.5K engagements


"LPs struggle to admit it but venture is more back than private equity. Runrate M&A for [----] is over $100B even excluding Wiz. [--] IPO market cap is north of $125B halfway through the year with Figma and Navan on deck. Meanwhile only Tier A assets sold at [--] prices move in PE"  
[X Link](https://x.com/anyuser/status/1942773851617669349)  2025-07-09T02:32Z [----] followers, 29.7K engagements


"Whether investing in a company or fund I see tons of memos that call out key person risk as a primary consideration. That is bananas. I want as much key person risk as I can possibly find. The absence of key person risk means youve already lost"  
[X Link](https://x.com/anyuser/status/1943286508024119747)  2025-07-10T12:29Z [----] followers, 22.6K engagements


"If VC is competitive now the what if everything goes right scenario on liquidity will send it to the stratosphere. $140B of market cap from this years IPO ($CRWV $CIRC $HNGE etc.) YTD. $160B annualized M&A. Now add Figma and Navananother $30B of market cap. What if Bytedance and the cohort of $400M+ ARR payroll/payment/expense mgmt platforms go public What about OpenAI Anduril etc. Were talking up to $1TRN or more of active market cap and M&A in the next 12-18mos. Assume VCs own 2/3 of all this and it gets distributed over 3yrs. Wed runrate at $200-250B of LP distributions annually. This"  
[X Link](https://x.com/anyuser/status/1944453828029382676)  2025-07-13T17:48Z [----] followers, 68K engagements


"Looking forward to @robgo s next post. Seed has the highest dispersion of returns in the highest dispersion asset class. Large GPs can be price insensitive. @ycombinator has a ROFR on exceptional talent. Median seed returns will disappoint big. https://nextview.vc/blog/a-crisis-moment-for-seed-vc/ https://nextview.vc/blog/a-crisis-moment-for-seed-vc/"  
[X Link](https://x.com/anyuser/status/1945660791262200311)  2025-07-17T01:44Z [----] followers, [----] engagements


"Harvey isnt some breakthrough in legal AIits ChatGPT with a law costume. Lovable isnt revolutionizing codeits Claude with pretty buttons. - @rodriscoll on @twentyminutevc Not enough people talking about this"  
[X Link](https://x.com/anyuser/status/1945822790092804341)  2025-07-17T12:27Z [----] followers, 66K engagements


"When you say privates havent kept up with publics you should really say privates havent kept up with the Mag [--]. There are [---] other S&P companies that have barely gone anywhere. If you want to hold [--] stocks go for it. PEVC v. R2000/S&P493 is a diff story. Source: Goldman"  
[X Link](https://x.com/anyuser/status/1946138605664993319)  2025-07-18T09:22Z [----] followers, 486.3K engagements


"The only real considerations in vc fund investment memos are: 1) lack of power law people 2) lack of power law companies 3) valuations Instead its always the samecapacity/board seats size of active portfolio and fund size. These matter but they arent threshold questions"  
[X Link](https://x.com/anyuser/status/1948369973140730146)  2025-07-24T13:09Z [----] followers, 16.9K engagements


"Last year headlines about venture capitalists exiting the industry abounded. Talk of another bubble has taken the place of malaise. Firms that have shown results raised quickly while firms with less stellar track records have suffered. - Forbes State of VC Guess the yr This was from the [----] Forbes Report. I don't want to trivialize the challenges of venture as an LP3yr negative trailing return falling distribution yields egregious fees etc. But [----] was the 2nd best performing vintage over the past [--] years. Don't try to time it. Stay invested. Omitting US private growth tech from portfolios"  
[X Link](https://x.com/anyuser/status/1949489772847940013)  2025-07-27T15:19Z [----] followers, 43.6K engagements


"The power law has a grip like never before. Public/private consensus is tighter than white on rice. Top SaaS is trading at 14x vs 8x pre-covid and 50x FCF. Mag [--] continues to Mag7 (cc: @treiner5) Tier 1A private assets (40 cos) trade secondary par+ and raise indiscriminately"  
[X Link](https://x.com/anyuser/status/1949810121250349187)  2025-07-28T12:32Z [----] followers, [----] engagements


"Best job in finance GP at megacap secondariesArdian BX Lexington GS etc. - Fees: 1.5%/15% - Product: levered PE beta with no return dispersion v scaleable - Selection: do whatever PJT/Evercore/Jefferies send your way - Competition: meh. Stuff the RIA/pension channel"  
[X Link](https://x.com/anyuser/status/1950151091166826544)  2025-07-29T11:07Z [----] followers, 59.9K engagements


"Founder/operator turned VC is not the advantage it once was. The world has changedmost firms have founders/operators on the team or were founded by them. For any hot deal theres likely to be a few vying with that kind of credibility. For fundraising its practically a prerequisite for launching a fund today in the eyes of LPs. My guess is that founder/operator pedigree has a 5yr half life. Beyond that your investor track record supersedes the founder/operational background with some exception. So you have to make the jump and at some point acknowledge that you are fully on the other side of"  
[X Link](https://x.com/anyuser/status/1952406402212692456)  2025-08-04T16:28Z [----] followers, 33.8K engagements


"One of my closest MBA friends was a solutions architect at Databricks. She wanted to become a VC and deadass took a job offer from Deloitte consulting. The MBA mind virus is so real. Nothing I said would change her mindI even suggested moving to corp dev (I know dont hate me)"  
[X Link](https://x.com/anyuser/status/1952917929227387084)  2025-08-06T02:21Z [----] followers, 65.2K engagements


"A big shift across the venture ecosystem is increased belief in the power law. Not just in companies but in people. VCs are increasingly backing solo founders. LPs are increasingly backing solo GPs. LPs especially are looking at big teams and saying its GP dilution"  
[X Link](https://x.com/anyuser/status/1953908139910476060)  2025-08-08T19:56Z [----] followers, 55.4K engagements


"My favorite IC questions are the left tail what if we go to war with China type questions asked by someone in their 70s who has never used excel. I try to be preparedthanks for the question Frank. We sensitized our model to a WW3 scenario w/ advanced weapons and nuclear risk. It does present quantifiable downside to our 1.2% aggregate exposure to China biotech but we think its manageable. Potential mitigants are on slide 4"  
[X Link](https://x.com/anyuser/status/1955942118318362797)  2025-08-14T10:38Z [----] followers, 38.2K engagements


"Theres some truth to this. On the flip side the companies that have driven almost all of the return in the S&P for the last decade were once venture backed. You cant invest without mag [--] and private mag [--] and expect to keep up. Or own CPG/energy/value. Your call. Silicon Valley is unbelievably good at dumping its bags on generalists and retail. Anytime you hear them touting a new technology as transforming the world just know that means theyve dumped billions into it and need you Mr.Retail Bagholder to carry their bags. Silicon Valley is unbelievably good at dumping its bags on generalists"  
[X Link](https://x.com/anyuser/status/1957972458402685126)  2025-08-20T01:06Z [----] followers, 10.5K engagements


"One of the great ironies of the LP world is that most take their thematic/fun bets via venture capital commitments. If youre going to violate fiduciary duty dont do it in the highest dispersion and most illiquid asset class"  
[X Link](https://x.com/anyuser/status/1958249088903696701)  2025-08-20T19:25Z [----] followers, [----] engagements


"On a quick scan at least [--] of the top [---] are no longer raising funds. This author should be fired. Thank you to Time Magazine for the honor of being named the 170th best venture capital firm in the country -- When we started the firm a decade ago we couldn't have possibly imagined we would ever achieve such a distinction. better luck next year to number [---] - [---] https://t.co/9VleoXWoUE Thank you to Time Magazine for the honor of being named the 170th best venture capital firm in the country -- When we started the firm a decade ago we couldn't have possibly imagined we would ever achieve"  
[X Link](https://x.com/anyuser/status/1958515880653935099)  2025-08-21T13:05Z [----] followers, [----] engagements


"I disagree. Goodwill has an indefinite life. Current DPI will have a finite life. It will get you through the fundraise but in the long arc of LP history all that matters is the quartile in which performance is crystallized. Hold forever and get 2.0x is the lesson from [----]. Crazy amount of goodwill is being created by GPs who are able to actually return cash to LPs right now. https://t.co/wwYVPn5cRM Crazy amount of goodwill is being created by GPs who are able to actually return cash to LPs right now. https://t.co/wwYVPn5cRM"  
[X Link](https://x.com/anyuser/status/1959973897622737225)  2025-08-25T13:39Z [----] followers, 16.9K engagements


"Too many firms play the brand game with one foot in / one foot out. Let founders take the spotlight and do no marketing (Thrive) or own the content space and drive the brand of your GPs (a16z). Dont be in the middle (LinkedIn/X exit claims new deals and occasional blogs)"  
[X Link](https://x.com/anyuser/status/1970537528102195552)  2025-09-23T17:15Z [----] followers, 11.4K engagements


"For every exited founder or CEO please know the following as you seek out an advisor or build a family office: 1) Your portfolio will never compound wealth at the rate of your exited company or companies. Never. 2) You had a substantial right tail outcome. Read Outliers Thats you. Your investment portfolio will be more diversified and lower returning but also lower risk. 3) Most advisors are fee driven car salesman. They are not the mechanics (investment professionals). They may chase beta and promise returns to meet your expectations. Do they really know what they own and why they own it 4)"  
[X Link](https://x.com/anyuser/status/1973465195176493292)  2025-10-01T19:09Z [----] followers, 24.7K engagements


"What kind of LP would I be if I didnt offer a way to get in touch I need to put my money where my commitments are. So GPsif you want to shoot your shot need deck input etc. email me @ endowment_eddie@protonmail.com. I want to stay anonymous so if theres a fit Ill track you down elsewhere. Dont expect me to sign an NDA / click through. Warm emails are vastly overrated. Cold email prospective LPs. Lead with a PDF of your deck a sentence or two on you and highlights of your track record. Warm emails are vastly overrated. Cold email prospective LPs. Lead with a PDF of your deck a sentence or two"  
[X Link](https://x.com/anyuser/status/1978077534823538809)  2025-10-14T12:36Z [----] followers, 39.3K engagements


"A VC constantly talking about their operating experience (3yrs corp dev) is a lot like that friend who constantly brings up their time waiting tables when youre out to eat"  
[X Link](https://x.com/anyuser/status/1978563097976594527)  2025-10-15T20:46Z [----] followers, 22.8K engagements


"Traditional Series A firms pressed their advantage up and down by stage. For newer firms think through your advantage relative to your equity ticket and ownership target. Do you want to be an and fund or an or fund In almost 11% of seed & series A deals this year the lead investor has taken the entire round. Maybe 1% on offer for angels or whatever but effectively the whole thing. https://t.co/dr1lv5AfY0 In almost 11% of seed & series A deals this year the lead investor has taken the entire round. Maybe 1% on offer for angels or whatever but effectively the whole thing. https://t.co/dr1lv5AfY0"  
[X Link](https://x.com/anyuser/status/1980424852583673989)  2025-10-21T00:04Z [----] followers, 13.1K engagements


"LPs love: - small funds - postinvestment value creation - rigorous investment process - emerging vc brands Founders love: - big funds - GPs who mostly stay out of the way unless asked - fast processes - brands that land hires/customers Generalizing but am I wrong"  
[X Link](https://x.com/anyuser/status/1981340248165560685)  2025-10-23T12:41Z [----] followers, 47.5K engagements


"For 70% of the venture industry the goal is to get follow-on from a platform or secure access to a round led by a platform. Never heard the word chase so frequently"  
[X Link](https://x.com/anyuser/status/1981736401629544518)  2025-10-24T14:55Z [----] followers, [----] engagements


"Most institutional LPs underwrite venture funds to 1.7-2.0x net and a 12-13% net IRR. In the back of your mind yeah 3x net is great and thats the goal. Most know that terminal 3x net is 10% of funds. If youre a VC and your LPs deadass expect 3x net from all their funds without posturing then they do not model commitment pacing and theyre a few bricks short of a full load. It also likely means that you raised capital from a nepo family office with a sizable crypto/art portfolio and theyll be illiquid by the time you come back for Fund [--]. Heard from VC LPs. Cambridge Q2 VC benchmarks are out."  
[X Link](https://x.com/anyuser/status/1982241867568673032)  2025-10-26T00:24Z [----] followers, 102.6K engagements


"This is the most important chart youll see today. The power law plays through hard and across stages. The latest data from @cartainc is brutal. Of [---] Series B deals in 2018: - Figma did 100x . but - 39% are worth 1x or less - Only 34% are worth 2x or more after [--] years But - 11.7% do achieve 10x returns . You gotta be in those ones. Even at Series B have to pick https://t.co/PUNYaMpxeY The latest data from @cartainc is brutal. Of [---] Series B deals in 2018: - Figma did 100x . but - 39% are worth 1x or less - Only 34% are worth 2x or more after [--] years But - 11.7% do achieve 10x returns . You"  
[X Link](https://x.com/anyuser/status/1983006645258252731)  2025-10-28T03:03Z [----] followers, 21.7K engagements


"If you put emerging manager accolades in a deck (selected for RAISE named emerging GP of the year etc) I will just assume your numbers suck and that your portfolio has no traction. Your Michelin star is ownership in companies with fast growing revenue"  
[X Link](https://x.com/anyuser/status/1983339265724690868)  2025-10-29T01:05Z [----] followers, [----] engagements


"Once internet hosting and advertising die out this business is cooked. Just posted Q3 earnings. We delivered our first-ever $100B quarter driven by double-digit growth across every major part of our business. (Five years ago our quarterly revenue was at $50B🚀) Our full-stack approach to AI is driving real momentum and were shipping at speed. https://t.co/L4Yz1iUuyT Just posted Q3 earnings. We delivered our first-ever $100B quarter driven by double-digit growth across every major part of our business. (Five years ago our quarterly revenue was at $50B🚀) Our full-stack approach to AI is"  
[X Link](https://x.com/anyuser/status/1983640035305169158)  2025-10-29T21:00Z [----] followers, [----] engagements


"@jasonlk made an excellent point this week on @twentyminutevc . LPs want DPI but ultimately lean on the discretion of the fund manager. The liquidity situation isnt dire. For me its a go forward IRR question. Is value going to compound above 20% If youre in one of the top [--] assets compounding north of 30% I want you to hold. I dont want to be underweight that asset. Something like Databricks is a material weight in my VC benchmark. I have to make an active choice to be overweight or underweight these assets. If I still need and want that weight in the portfolio and cant go direct then Im"  
[X Link](https://x.com/anyuser/status/1985049734357168139)  2025-11-02T18:21Z [----] followers, 24.6K engagements


"Not about early DPI or perfect timing. Its meant to say if you have a portco not destined to be an independent/enduring business start to push for an exit. The bar to IPO is pretty clearlast [--] venture backed IPOs had trailing GAAP revenue of $540M growth of 31% and were rule of [--]. If youre not meeting that maybe theres a second act maybe growth can restart. But there is a vast pool of companies $50-200M in revenue growing 20%. The holding multiples for most of these companies dont stand up well MTM. GPs know this and LPs know this. Its hard to raise money for these companies and"  
[X Link](https://x.com/anyuser/status/1985699032296026538)  2025-11-04T13:21Z [----] followers, 12.1K engagements


"@shaig Batting .600 on this"  
[X Link](https://x.com/anyuser/status/1986497538405335121)  2025-11-06T18:14Z [----] followers, [----] engagements


"Most LPs that use platform as a pejorative to describe certain VCs havent sat through a cycle. Look at the [----] behavior the elite solo capitalists and top platforms anchored into quality as a percentage of invested capital. Sure pick off a few deals that prove an exception but the point stands. Your venture portfolio isnt an or question between platforms and seed. Its an and one. My general bet is that a great basket of seed is higher MOIC but same IRR as a good basket of elite solo/platform. *Great and good were carefully chosen"  
[X Link](https://x.com/anyuser/status/1986651942223757534)  2025-11-07T04:28Z [----] followers, [----] engagements


"Placement agents the fine purveyors of alternative assets on which LPs dine. Want to be a good one [--]. Were not besties. I dont want lunch or coffee. Please dont call me especially Friday mornings. [--]. I dont want your pitch. Please just email the deck. Nothing more. Better yet batch [--] of them together and I can get back to you on the [--] to [--] Id like to meet. [--]. Let the GP run the meetingdont talk. I know you want to demonstrate to your client that this is only happening because of our relationship/earn your fee but less is more. [--]. The harder you and the GP fight to stick to your red talking"  
[X Link](https://x.com/anyuser/status/1986797007822868688)  2025-11-07T14:04Z [----] followers, [----] engagements


"Eddie is glued to the desk fixing hard coded work and trying to meet YOUR year end deadlines. Time for a quick break. How to be a good LP in [--] steps. Im sure Im missing a few. Its year end so GPs let loose and give Eddie some 360: 1) Be prepared. Review the deck/DDQ press releases LinkedIns of the team be conversant and know a bit about raising/rev traction of drivers where appropriate. 2) Dont waste GP time. Are you 0.1% of the fund target or 10% Act accordingly. Stop hovering at AGMs they need to make the rounds. Batch diligence requests and limit the one offs. IR can answer many Qs. 3) GP"  
[X Link](https://x.com/anyuser/status/1988085398220722328)  2025-11-11T03:24Z [----] followers, 25.4K engagements


"My favorite LP is the $2-400M family office doing VC fund of funds pays an advisor and has an in-house CIO/team. VC fees: 2.5/25 Fund of fund fees: 1.0/5 Advisor fees: 0.30/0 In-house staff: 1.0/0 5% and 30% on a look through basis. Should just park it in $QQQ. *Im aware advisors provide addl services and recycling can negate impact of fees https://twitter.com/i/web/status/1988415239415550044 https://twitter.com/i/web/status/1988415239415550044"  
[X Link](https://x.com/anyuser/status/1988415239415550044)  2025-11-12T01:15Z [----] followers, 33.8K engagements


"I have never been confident in a 5x net return. That is like 1% of realized funds. Why a16z Lightspeed and General Catalyst Cannot Go To LPs and Be Confident of a 5X Net: "@ravi_lsvp @pmarca @bhorowitz cannot go to LPs and say with a straight face that they can do 5x net. If you look at the recent returns data it suggests that. They will make an immense https://t.co/GdTlc1nHUY Why a16z Lightspeed and General Catalyst Cannot Go To LPs and Be Confident of a 5X Net: "@ravi_lsvp @pmarca @bhorowitz cannot go to LPs and say with a straight face that they can do 5x net. If you look at the recent"  
[X Link](https://x.com/anyuser/status/1988599321479315867)  2025-11-12T13:26Z [----] followers, 19.7K engagements


"This is dramatic. 25-50% growth SaaS is one of the deepest m&a markets you can find. WilliamBlaireCore would salivate over any platform with this growth profile north of $20M. The below is the definition of a tier [--] asset that will pull 8-12x ntm rev with a reasonable cf profile. If growth is 15% and rule of [--] story changesstarts to slide down the scale of lower multiple and risk of broken process. M&A is dead. Any SaaS company with ARR of $20-100m with less than 50% growth is in no mans land. - too small for PE - strategics are licking their wounds - AI is existential So your only choice is"  
[X Link](https://x.com/anyuser/status/1990257349219500052)  2025-11-17T03:15Z [----] followers, 36.4K engagements


"If you purchased $10000 of Teladoc at its COVID high of $294 it would be worth $238 today. If you spent $10000 on ice cold Pacificos and recycled those bottles it would be worth $392. Never forget that all investments are subject to risk including loss of principal"  
[X Link](https://x.com/anyuser/status/1991137698006913301)  2025-11-19T13:33Z [----] followers, 14.2K engagements

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