Fantastic thread 👇

Go Poland! 🇵🇱 sifted.eu/articles/drape…

Need to go remote in emergency mode? Check out this Remote-how article on what to consider and join a webinar on how to correctly set it up (link at bottom of page). remote-how.com/blog/coronavir…

Must read

semilshah.com/2020/03/21/inv…

Welcome Psibufet.pl in the portfolio! Smart and convenient way to order best nutrition for your dog. Thank you Piotr Wawrysiuk for inviting us and our angels to the round, alongside great industry partner Butternut Box. [article in polish] mamstartup.pl/startup-psibuf…

Great stuff!

Founders beware

In the race to scale, be careful not to sell products for less than their variable costs medium.com/speroventures/…

To our fellow Polish Angels: „Wiedza o inwestowaniu anielskim jest bardzo rozproszona. Postanowiliśmy ją uporządkować dla samych siebie, a także po to by ułatwić do niej dostęp polskim Aniołom Biznesu.” biblioteka-aniola-biznesu.carrd.co

Investor updates. Thanks for sharing!

One subtlety of startup valuations is they're based on the probability of an eventual huge success, not just extrapolating current traction. You're not calculating discounted cash flows; you're estimating the likelihood of a startup winning a market & the size of that market.

A peek into the future of marketplaces

„This culture, promoted by fame-craving founders, is not just annoying; it also harms the tech industry, promoting an unrealistic image of average startup founder, scaring away new angel investors and creating no added value or business knowledge” sifted.eu/articles/found…

Some reflections on the past few years in startups & venture capital. And what the road ahead may feel like. bothsidesofthetable.com/praying-to-the…

What founders sell to investors in each venture round. Generally seeing dilution fall slightly in early stage (or flat from 2022) while rising a bit in later ones. Primary rounds only, no funny business with extensions/bridges/etc.